Zip 87023 (Jarales, NM) Cost of Living


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How much do I need to live in Jarales, New Mexico?
$3,570 / month
for a family, 33.9% less expensive than the national average A total of $42,840 for the year for a family.
$2,833 / month
for a single person, 40.6% less expensive than the national average A total of $34,000 for the year for a single person.

Jarales cost of living score
86.3
Less expensive
13.7% lower
than the US average
2.4% lower
than the New Mexico average
Jarales (zip 87023), New Mexico gets a BestPlaces Cost of Living score of 86.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.7% lower than the U.S. average and 2.4% higher than the average for New Mexico.

Zip 87023 (Jarales, NM)

Housing costs in Jarales?
A typical home costs $223,600, which is 33.9% less expensive than the national average of $338,100 and 16.3% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Jarales costs $1,030 per month, which is 1.0% more than the national average of $1,020 and 10.7% cheaper than the state average of $1,140.

Can I afford Jarales?
To live comfortably in Jarales (zip 87023), New Mexico, a minimum annual income of $42,840 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Jarales?
87023 Jarales, NM is an affordable place to live. The cost of living in this zip code is 7% lower than the state average and 10% lower than the national average. The median home value in 87023 is around $155,000 which makes it very desirable for those looking for an affordable place to call home. There are also a variety of restaurants and markets that offer low cost groceries and meals. Additionally, the local government offers a number of tax incentives which can help residents keep their costs even lower. All in all, 87023 Jarales, NM is an excellent choice for those looking to save money while enjoying rural American life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesJaralesNew MexicoUnited States
    Unlock88.4100.0
  90.9  Unlock100.0
    Unlock82.6100.0
  61.2  Unlock100.0
    Unlock$267,100$338,100
  108.3  Unlock100.0
    Unlock84.6100.0
  77.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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