Housing costs in Grady?
A typical home costs
$143,300, 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 Grady costs
$900 per month, which is 11.8% cheaper than the national average of
$1,020 and close to the state average of
$900.
Can I afford Grady?
To live comfortably in Grady (zip 88120), New Mexico, a minimum annual income of
$27,360 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Grady?
The cost of living in 88120 Grady, NM is quite low compared to other parts of the US. In fact, the overall cost of living index is 89.7, which is 11.3 points lower than the national average. This means that residents of this area can expect to pay less for goods and services than those in many other parts of the country. In addition, housing costs are extremely low with a median home price of just $77,400! This allows families to get more for their money in terms of housing and utilities, making it an attractive option for those looking for some extra savings while still finding a comfortable place to call home.