Housing costs in Milan?
A typical home costs
$62,100, which is 81.6% less expensive than the national average of
$338,100 and 76.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Milan costs
$730 per month, which is 28.4% cheaper than the national average of
$1,020 and 12.3% cheaper than the state average of
$820.
Can I afford Milan?
To live comfortably in Milan (zip 87021), New Mexico, a minimum annual income of
$11,880 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Milan?
The cost of living in 87021 Milan, NM is quite reasonable compared to other places in the US. According to the BestPlaces Cost of Living Index, goods and services are around 17% lower than the national average. This includes grocery items, restaurant meals and transportation. Housing costs tend to be quite affordable, with median rents at $674 per month for a one bedroom apartment. Utility costs are also relatively low in Milan, with electricity costing around 10.68 cents per kWh and natural gas costing 7.50 dollars per month for a basic plan. All in all, 87021 Milan is an excellent place to live due to its reasonable cost of living and generous access to amenities and services.