Housing costs in Lincoln?
A typical home costs
$304,800, which is 9.8% less expensive than the national average of
$338,100 and 14.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Lincoln costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,020.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 88338), New Mexico, a minimum annual income of
$58,320 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Lincoln?
Living in 88338 Lincoln, NM can be quite affordable. The median home value is around $235,000, and the median rent is roughly $900 per month. With that being said, there are plenty of other costs associated with living in this area that must be taken into account. Groceries and transportation costs tend to be slightly higher than the national average, as do utility expenses. Nonetheless, by following a few simple budgeting strategies and making smart spending choices, the cost of living in this area can still be quite manageable.