Zip 88042 (Hillsboro, NM) Cost of Living


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United States / New Mexico / No Metro Area / Sierra County / Hillsboro / Hillsboro (zip 88042)
How much do I need to live in Hillsboro, New Mexico?
$3,990 / month
for a family, 26.1% less expensive than the national average A total of $47,880 for the year for a family.
$1,867 / month
for a single person, 60.8% less expensive than the national average A total of $22,400 for the year for a single person.

Hillsboro cost of living score
73.3
Less expensive
26.7% lower
than the US average
17.1% lower
than the New Mexico average
Hillsboro (zip 88042), New Mexico gets a BestPlaces Cost of Living score of 73.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.7% lower than the U.S. average and 17.1% higher than the average for New Mexico.

Zip 88042 (Hillsboro, NM)

Housing costs in Hillsboro?
A typical home costs $250,600, which is 25.9% less expensive than the national average of $338,100 and 6.2% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Hillsboro costs $730 per month, which is 49.0% cheaper than the national average of $1,430 and 39.7% cheaper than the state average of $1,020.

Can I afford Hillsboro?
To live comfortably in Hillsboro (zip 88042), New Mexico, a minimum annual income of $47,880 for a family, and $22,400 for a single person is recommended.

What does A.I. say about Hillsboro?
The cost of living in 88042 Hillsboro, NM is relatively low compared to other parts of the state. The median home value is $103,600, while the median rent is just $637 per month. The cost of groceries and healthcare are also lower than the national average. Overall, living costs in 88042 Hillsboro, NM are about 12% lower than the national average, making it a great place to live for those looking for an affordable lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHillsboroNew MexicoUnited States
    Unlock88.4100.0
  99.8  Unlock100.0
    Unlock82.6100.0
  54.9  Unlock100.0
    Unlock$267,100$338,100
  101.8  Unlock100.0
    Unlock84.6100.0
  73.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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