Housing costs in Rio Rancho?
A typical home costs
$299,500, which is 11.4% less expensive than the national average of
$338,100 and 12.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Rio Rancho costs
$1,650 per month, which is 61.8% more than the national average of
$1,020 and 30.9% more than the state average of
$1,140.
Can I afford Rio Rancho?
To live comfortably in Rio Rancho (zip 87144), New Mexico, a minimum annual income of
$57,240 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Rio Rancho?
The cost of living in 87144 Rio Rancho, NM is slightly higher than the national average. According to Sperling’s Best Places, housing costs in this zip code are about 8% higher than the national average. Additionally, transportation and health care expenses are also slightly higher. On the other hand, groceries and utilities are usually lower than the US average. Overall, Rio Rancho offers a reasonable cost of living for anyone looking to settle down in its sunny climate and convenient access to Albuquerque with outdoor activities close by.