Housing costs in Grants?
A typical home costs
$141,500, which is 58.1% less expensive than the national average of
$338,100 and 47.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Grants costs
$900 per month, which is 11.8% cheaper than the national average of
$1,020 and 8.9% more than the state average of
$820.
Can I afford Grants?
To live comfortably in Grants (zip 87020), New Mexico, a minimum annual income of
$27,000 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Grants?
The cost of living in 87020 Grants, NM is relatively low compared to other cities in the United States. According to the Cost of Living Index, 87020 has an index score of 84.4, which is 16.6 points lower than the national average. This means that essential expenses such as housing, groceries, utilities, healthcare and transportation are all slightly more affordable for those living in 87020 Grants. The median home price in this small city is also quite reasonable at $80,700, which is much lower than many parts of the country. All of these factors combined make 87020 Grants a great place for people looking for a budget-friendly lifestyle.