Housing costs in Lakewood?
A typical home costs
$261,600, which is 22.6% less expensive than the national average of
$338,100 and 2.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Lakewood costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Lakewood?
To live comfortably in Lakewood (zip 88254), New Mexico, a minimum annual income of
$50,040 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in 88254 Lakewood, NM is quite reasonable. The median home cost in the area is $193,500, which is substantially lower than the national median. Renters also benefit from the cost of living in the area, with a one-bedroom apartment rental ranging from $600 to $850 per month. Utilities are also relatively affordable, with an average monthly utility bill of $170. Grocery prices are also lower than the national average at just over 10% cheaper. Overall, 88254 Lakewood, NM offers residents a great quality of life for an affordable price.