Zip 87553 (Penasco, NM) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Penasco cost of living score
96
Less expensive
4.0% lower
than the US average
8.6% higher
than the New Mexico average
Penasco (zip 87553), New Mexico gets a BestPlaces Cost of Living score of 96, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.0% lower than the U.S. average and 8.6% lower than the average for New Mexico.

Zip 87553 (Penasco, NM)

Housing costs in Penasco?
A typical home costs $198,600, which is 41.3% less expensive than the national average of $338,100 and 25.6% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Penasco costs $930 per month, which is 8.8% cheaper than the national average of $1,020 and close to the state average of $940.

Can I afford Penasco?
To live comfortably in Penasco (zip 87553), New Mexico, a minimum annual income of $38,160 for a family, and $32,000 for a single person is recommended.

What does A.I. say about Penasco?
The cost of living in 87553 Penasco, NM is quite affordable. The median home value here is $90,000, which is lower than most other parts of the state. With a median household income of around $40,000 and an unemployment rate of just 4%, this rural community offers economic stability to its residents. The cost of groceries and utilities are also kept low due to the local farms and businesses operating in the area. Overall, Penasco offers an excellent quality of life for those looking for an affordable place to live with plenty of outdoor activities nearby.
   Cost of living score
     CategoriesPenascoNew MexicoUnited States
  96.088.4100.0
  93.393.3100
  84.582.6100.0
  78.584.3100.0
  $198,600$267,100$338,100
  100.8%100.4%100.0%
  89.984.6100.0
  97.385.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime