Housing costs in Paraje?
A typical home costs
$116,200, which is 65.6% less expensive than the national average of
$338,100 and 56.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Paraje costs
$720 per month, which is 29.4% cheaper than the national average of
$1,020 and 13.9% cheaper than the state average of
$820.
Can I afford Paraje?
To live comfortably in Paraje (zip 87007), New Mexico, a minimum annual income of
$22,320 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Paraje?
The cost of living in 87007 Paraje, NM is relatively affordable compared to other parts of the country. The median home price in 87007 is around $148,000, which is significantly lower than the national average. Additionally, the cost of groceries, health care, and utilities are all noticeably lower than average. Residents also benefit from a low sales tax rate of only 5.125%, which helps keep overall costs down. Overall, 87007 Paraje, NM offers residents an excellent value for their money when it comes to the cost of living.