Housing costs in Faywood?
A typical home costs
$147,900, which is 56.3% less expensive than the national average of
$338,100 and 44.6% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Faywood costs
$770 per month, which is 24.5% cheaper than the national average of
$1,020 and 3.9% cheaper than the state average of
$800.
Can I afford Faywood?
To live comfortably in Faywood (zip 88034), New Mexico, a minimum annual income of
$28,440 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Faywood?
The cost of living in 88034 Faywood, NM is relatively low compared to other parts of the country. The median household income is $37,854, which is slightly lower than the national average. Renting an apartment in 88034 Faywood, NM can be as low as $500 per month and groceries are generally inexpensive. Utilities such as water and electricity are also reasonably priced. Overall, the area offers a great balance of affordability and access to amenities.