Housing costs in Gallup?
A typical home costs
$176,600, which is 47.8% less expensive than the national average of
$338,100 and 33.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Gallup costs
$820 per month, which is 19.6% cheaper than the national average of
$1,020 and 2.4% more than the state average of
$800.
Can I afford Gallup?
To live comfortably in Gallup (zip 87301), New Mexico, a minimum annual income of
$33,840 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Gallup?
Living in 87301 Gallup, NM is relatively affordable. The cost of living index for the area is a modest 89.7, which is 9.3% lower than the national average. The median home value in 87301 Gallup, NM is $112,200, and rental costs range from $600 to $800 per month on average. Utility bills are also quite cheap, with the average monthly electricity bill being around $80 and the average water bill being around $20. Gas prices are slightly higher in the town than the national average but still relatively low at just over three dollars a gallon. Overall, 87301 Gallup, NM offers an affordable cost of living that many people find attractive!