Zip 87315 (Fence Lake, NM) Cost of Living


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United States / New Mexico / Grants Metro Area / Cibola County / No City / Fence Lake (zip 87315)
How much do I need to live in Fence Lake, New Mexico?
$1,770 / month
for a family, 67.2% less expensive than the national average A total of $21,240 for the year for a family.
$2,200 / month
for a single person, 53.8% less expensive than the national average A total of $26,400 for the year for a single person.

Fence Lake cost of living score
70.2
Less expensive
29.8% lower
than the US average
20.6% lower
than the New Mexico average
Fence Lake (zip 87315), New Mexico gets a BestPlaces Cost of Living score of 70.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.8% lower than the U.S. average and 20.6% higher than the average for New Mexico.

Zip 87315 (Fence Lake, NM)

Housing costs in Fence Lake?
A typical home costs $111,400, which is 67.1% less expensive than the national average of $338,100 and 58.3% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Fence Lake costs $840 per month, which is 41.3% cheaper than the national average of $1,430 and 21.4% cheaper than the state average of $1,020.

Can I afford Fence Lake?
To live comfortably in Fence Lake (zip 87315), New Mexico, a minimum annual income of $21,240 for a family, and $26,400 for a single person is recommended.

What does A.I. say about Fence Lake?
The cost of living in 87315 Fence Lake, NM is quite affordable. The median home price is around $70,000, which is substantially lower than the national average. Additionally, utilities are relatively inexpensive and property taxes are low. Groceries and other goods are also on the cheaper side, making living in this area a more affordable option for many people looking for an affordable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesFence LakeNew MexicoUnited States
    Unlock88.4100.0
  94.6  Unlock100.0
    Unlock82.6100.0
  21.7  Unlock100.0
    Unlock$267,100$338,100
  105.9  Unlock100.0
    Unlock84.6100.0
  76.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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