Housing costs in Portales?
A typical home costs
$120,000, which is 64.5% less expensive than the national average of
$338,100 and 55.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Portales costs
$860 per month, which is 15.7% cheaper than the national average of
$1,020 and close to the state average of
$860.
Can I afford Portales?
To live comfortably in Portales (zip 88130), New Mexico, a minimum annual income of
$23,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Portales?
The cost of living in 88130 Portales, NM is relatively low compared to other cities in the US. According to a recent report from BestPlaces, Portales has an overall cost of living index of 79.7, which is lower than the national average by 18.3%. Housing expenses are much lower than the national average at 15.9% below the average, and grocery costs are slightly above the average at 4.3%. Utility costs are also slightly higher than average at 5.2%, but transportation is 11% cheaper than the US standard. Overall, 88130 Portales is an affordable place to live with lower-than-average costs in most categories.