Zip 88056 (Rodeo, NM) Cost of Living


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United States / New Mexico / No Metro Area / Hidalgo County / Rodeo / Rodeo (zip 88056)
How much do I need to live in Rodeo, New Mexico?
$2,370 / month
for a family, 56.1% less expensive than the national average A total of $28,440 for the year for a family.
$2,367 / month
for a single person, 50.3% less expensive than the national average A total of $28,400 for the year for a single person.

Rodeo cost of living score
73.3
Less expensive
26.7% lower
than the US average
17.1% lower
than the New Mexico average
Rodeo (zip 88056), New Mexico gets a BestPlaces Cost of Living score of 73.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.7% lower than the U.S. average and 17.1% higher than the average for New Mexico.

Zip 88056 (Rodeo, NM)

Housing costs in Rodeo?
A typical home costs $148,300, which is 56.1% less expensive than the national average of $338,100 and 44.5% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Rodeo costs $890 per month, which is 37.8% cheaper than the national average of $1,430 and 14.6% cheaper than the state average of $1,020.

Can I afford Rodeo?
To live comfortably in Rodeo (zip 88056), New Mexico, a minimum annual income of $28,440 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Rodeo?
The cost of living in 88056 Rodeo, NM is fairly affordable when compared to other cities in the United States. Median home prices are around $65,000, which is much lower than the national average. The median gross rent is just under $600 per month, and utilities come in at about 8% lower than the U.S. average. Food costs are also slightly lower than the national average as well, making it a great place for those on a budget to live comfortably.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRodeoNew MexicoUnited States
    Unlock88.4100.0
  92.2  Unlock100.0
    Unlock82.6100.0
  48.2  Unlock100.0
    Unlock$267,100$338,100
  103.3  Unlock100.0
    Unlock84.6100.0
  73.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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