Housing costs in Loco Hills?
A typical home costs
$252,700, which is 25.3% less expensive than the national average of
$338,100 and 5.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Loco Hills costs
$990 per month, which is 2.9% cheaper than the national average of
$1,020 and 2.0% cheaper than the state average of
$1,010.
Can I afford Loco Hills?
To live comfortably in Loco Hills (zip 88255), New Mexico, a minimum annual income of
$48,240 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Loco Hills?
The cost of living in 88255 Loco Hills, NM is generally affordable. According to BestPlaces, the cost of living index in 88255 Loco Hills is 86, which is 14% lower than the average cost of living in New Mexico. Housing costs are particularly low, with the median home price coming in at $82,400. This is much lower than the nationwide median home price of $228,700. Other costs such as groceries and utilities are also relatively low compared to other parts of New Mexico and the U.S. overall. Additionally, sales tax in 88255 Loco Hills is only 5.125%, which is slightly lower than the New Mexico state average of 5.125%. Overall, living in 88255 Loco Hills can be an affordable option for those looking for an affordable place to call home.