Housing costs in Raton?
A typical home costs
$135,000, which is 60.1% less expensive than the national average of
$338,100 and 49.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Raton costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Raton?
To live comfortably in Raton (zip 87740), New Mexico, a minimum annual income of
$25,920 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Raton?
The cost of living in Raton, NM is relatively affordable. According to the Council for Community and Economic Research (C2ER), Raton’s cost of living index score is 87.5, which is lower than the national average. This means that goods and services in Raton are 13.5% cheaper than the rest of the country on average. Housing costs are especially low due to the city's smaller size—the median home value in Raton is $64,000 compared to $184,700 nationally. Commuters will also find rates at the pump more budget-friendly with an estimated local gas price of $2.58 per gallon versus an average of $2.86 nationally. All in all, Raton offers residents a great quality of life without breaking their budget.