Housing costs in Folsom?
A typical home costs
$141,100, which is 58.3% less expensive than the national average of
$338,100 and 47.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Folsom costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 10.9% cheaper than the state average of
$1,020.
Can I afford Folsom?
To live comfortably in Folsom (zip 88419), New Mexico, a minimum annual income of
$27,000 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Folsom?
The cost of living in 88419 Folsom, NM is surprisingly low compared to the national average. The median home value in Folsom is $122,100, which is roughly 21% less than what the median home value is for the United States. Property taxes are also lower in Folsom than they are nationwide, at an average rate of 0.18%, and the cost of housing is only about 85% of what it would be for the average American. In addition to this, groceries and transportation costs are also below the national average, making Folsom an ideal place for those looking to save money while still enjoying a quality lifestyle.