Zip 88049 (Mimbres, NM) Cost of Living


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How much do I need to live in Mimbres, New Mexico?
$3,000 / month
for a family, 44.4% less expensive than the national average A total of $36,000 for the year for a family.
$2,267 / month
for a single person, 52.4% less expensive than the national average A total of $27,200 for the year for a single person.

Mimbres cost of living score
75.1
Less expensive
24.9% lower
than the US average
15.0% lower
than the New Mexico average
Mimbres (zip 88049), New Mexico gets a BestPlaces Cost of Living score of 75.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.9% lower than the U.S. average and 15.0% higher than the average for New Mexico.

Zip 88049 (Mimbres, NM)

Housing costs in Mimbres?
A typical home costs $187,100, which is 44.7% less expensive than the national average of $338,100 and 30.0% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Mimbres costs $790 per month, which is 22.5% cheaper than the national average of $1,020 and close to the state average of $800.

Can I afford Mimbres?
To live comfortably in Mimbres (zip 88049), New Mexico, a minimum annual income of $36,000 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Mimbres?
The cost of living in 88049 Mimbres, NM is relatively low compared to the national average. The median household income is $36,854, which is lower than the United States average of $60,336. Additionally, the cost of housing in Mimbres is significantly lower than the national average. The median home price for homes in 88049 is only $85,500 compared to the national average of $231,200. Other costs such as groceries and utilities are also much lower in this small New Mexico town. Overall, it can be said that living in 88049 Mimbres, NM offers a great deal of value when it comes to cost of living when compared to other areas throughout the United States.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMimbresNew MexicoUnited States
    Unlock88.4100.0
  98.0  Unlock100.0
    Unlock82.6100.0
  55.4  Unlock100.0
    Unlock$267,100$338,100
  102.0  Unlock100.0
    Unlock84.6100.0
  95.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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