Housing costs in Rio Rancho?
A typical home costs
$281,600, which is 16.7% less expensive than the national average of
$338,100 and 5.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Rio Rancho costs
$1,270 per month, which is 24.5% more than the national average of
$1,020 and 10.2% more than the state average of
$1,140.
Can I afford Rio Rancho?
To live comfortably in Rio Rancho (zip 87124), New Mexico, a minimum annual income of
$54,000 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Rio Rancho?
The cost of living in Rio Rancho, NM (87124) is relatively affordable compared to many other cities in the US. The median home value is $174,400 and the median rent is $1,000 per month - both of which are well below the national average. Additionally, groceries and utilities tend to be cheaper than the rest of the country on average. In general, Rio Rancho has a low cost of living and offers excellent opportunities for those who want to live in a safe city with an abundance of outdoor activities nearby.