Housing costs in Ruidoso?
A typical home costs
$317,600, which is 6.1% less expensive than the national average of
$338,100 and 18.9% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Ruidoso costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,020.
Can I afford Ruidoso?
To live comfortably in Ruidoso (zip 88355), New Mexico, a minimum annual income of
$60,840 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Ruidoso?
Ruidoso, NM is a small mountain town with an estimated population of 8,530 people as of 2017. The cost of living in Ruidoso is relatively affordable when compared to other areas in the United States. According to BestPlaces's Cost of Living Index, the cost of living in 88355 Ruidoso, NM is below the national average. The overall cost of living index for this zip code is 78.45 which means it is 21.55% lower than the U.S average of 100. Housing costs are especially reasonable with a monthly rent for a three-bedroom apartment being just $870 on average. With low housing costs and an overall low cost of living, Ruidoso makes an attractive option for those seeking an affordable place to live in New Mexico.