Housing costs in Las Cruces?
A typical home costs
$288,900, which is 14.6% less expensive than the national average of
$338,100 and 8.2% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Las Cruces costs
$810 per month, which is 20.6% cheaper than the national average of
$1,020 and 9.9% cheaper than the state average of
$890.
Can I afford Las Cruces?
To live comfortably in Las Cruces (zip 88007), New Mexico, a minimum annual income of
$55,440 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Las Cruces?
The cost of living in 88007 Las Cruces, NM is very affordable. According to the BestPlaces Cost of Living Index, the overall cost of living in 88007 is 17.9% lower than the national average. Rent prices are particularly attractive, with the median rental rate ranging between $650 and $700 per month for a one-bedroom apartment. Utilities are also quite reasonable, with electricity costing an average of about $110 per month and basic internet service averaging just under $40 per month. Food costs are also moderate with a meal at an inexpensive restaurant costing around $15 and a liter of milk priced at less than $1. In short, 88007 Las Cruces is an ideal place for anyone looking for an affordable place to live.