Housing costs in Floyd?
A typical home costs
$143,400, which is 57.6% less expensive than the national average of
$338,100 and 46.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Floyd costs
$740 per month, which is 27.5% cheaper than the national average of
$1,020 and 16.2% cheaper than the state average of
$860.
Can I afford Floyd?
To live comfortably in Floyd (zip 88118), New Mexico, a minimum annual income of
$27,360 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Floyd?
Living in 88118 Floyd, NM is fairly affordable. The median home value is $99,200, which is much lower than the national average of $219,700. Utilities are also relatively inexpensive; electricity costs an average of 8.84 cents per kilowatt-hour and natural gas prices are around 11.25 cents per therm. Additionally, groceries are reasonably priced compared to other areas in the country; a typical market basket of groceries for one person will cost about $186 a month on average. All in all, you can get by with a modest budget while living in this city!