Housing costs in Hope?
A typical home costs
$259,600, which is 23.2% less expensive than the national average of
$338,100 and 2.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Hope costs
$1,020 per month, which is 0.0% cheaper than the national average of
$1,020 and close to the state average of
$1,010.
Can I afford Hope?
To live comfortably in Hope (zip 88250), New Mexico, a minimum annual income of
$49,680 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Hope?
The cost of living in 88250 Hope, NM is relatively low compared to the national average. The median home cost in 88250 Hope, NM is $83,600, which is much lower than the national median home cost of $184,700. Additionally, the cost of groceries and general goods in 88250 Hope, NM is 8% lower than the national average. The unemployment rate in this area is also lower than the national average at 3%, and most residents own their homes. This makes 88250 Hope, NM a great choice for those looking for a more affordable place to live.