Housing costs in Monument?
A typical home costs
$286,200, which is 15.4% less expensive than the national average of
$338,100 and 7.2% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Monument costs
$1,040 per month, which is 2.0% more than the national average of
$1,020 and close to the state average of
$1,020.
Can I afford Monument?
To live comfortably in Monument (zip 88265), New Mexico, a minimum annual income of
$54,720 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Monument?
The cost of living in 88265 Monument, NM is relatively low compared to the national average. Groceries are very affordable, and general living costs such as utilities and housing are also quite reasonable. The median home price in the area is around $160,000 which is a great deal lower than many other parts of the country. In addition, there is no state income tax or sales tax on most goods and services, meaning more money stays in your pocket. All in all, this small town offers a great quality of life at an affordable price.