Housing costs in Lake Arthur?
A typical home costs
$106,700, which is 68.4% less expensive than the national average of
$338,100 and 60.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Lake Arthur costs
$870 per month, which is 14.7% cheaper than the national average of
$1,020 and 2.3% cheaper than the state average of
$890.
Can I afford Lake Arthur?
To live comfortably in Lake Arthur (zip 88253), New Mexico, a minimum annual income of
$20,520 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lake Arthur?
The cost of living in 88253 Lake Arthur, NM is quite reasonable. The median home value is around $86,400, which is much lower than the national average of $184,700. Likewise, the median rent for a two-bedroom apartment is approximately $537 per month. Additionally, groceries and other essentials are also reasonably priced in this area. All these factors combine to make Lake Arthur an affordable place to live.