Housing costs in Ruidoso Downs?
A typical home costs
$195,200, which is 42.3% less expensive than the national average of
$338,100 and 26.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Ruidoso Downs 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 Downs?
To live comfortably in Ruidoso Downs (zip 88346), New Mexico, a minimum annual income of
$37,440 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Ruidoso Downs?
The cost of living in 88346 Ruidoso Downs, NM is relatively low compared to other parts of the country. The median home price is around $115,000, which is significantly lower than the national average of over $200,000. Rent prices tend to be on the lower side as well, with a one-bedroom apartment averaging around $600 a month. Groceries and other essentials are also affordable in the area, making it an attractive location for people looking to save money. Additionally, the state has no income tax which can help individuals and families stretch their dollar even further.