Housing costs in Malaga?
A typical home costs
$273,100, which is 19.2% less expensive than the national average of
$338,100 and 2.2% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Malaga costs
$820 per month, which is 19.6% cheaper than the national average of
$1,020 and 23.2% cheaper than the state average of
$1,010.
Can I afford Malaga?
To live comfortably in Malaga (zip 88263), New Mexico, a minimum annual income of
$52,200 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Malaga?
The cost of living in Malaga, NM (zip code 88263) is relatively low compared to the national average. The median home value is just over $90,000 and the median household income is around $44,500. Renters can find affordable housing with average rental prices ranging from $700 to $900 per month. Groceries, utilities, and health care costs are all below the national average as well which helps keep the cost of living in Malaga lower than most areas.