Zip 87047 (Sandia Park, NM) Cost of Living


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How much do I need to live in Sandia Park, New Mexico?
$6,750 / month
for a family, 25.0% more expensive than the national average A total of $81,000 for the year for a family.
$4,667 / month
for a single person, 2.1% less expensive than the national average A total of $56,000 for the year for a single person.

Sandia Park cost of living score
92
Less expensive
8.0% lower
than the US average
4.1% higher
than the New Mexico average
Sandia Park (zip 87047), New Mexico gets a BestPlaces Cost of Living score of 92, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.0% lower than the U.S. average and 4.1% lower than the average for New Mexico.

Zip 87047 (Sandia Park, NM)

Housing costs in Sandia Park?
A typical home costs $423,300, which is 25.2% more expensive than the national average of $338,100 and 58.5% more expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Sandia Park costs $1,700 per month, which is 66.7% more than the national average of $1,020 and 32.9% more than the state average of $1,140.

Can I afford Sandia Park?
To live comfortably in Sandia Park (zip 87047), New Mexico, a minimum annual income of $81,000 for a family, and $56,000 for a single person is recommended.

What does A.I. say about Sandia Park?
The cost of living in 87047 Sandia Park, NM is relatively low compared to other areas in the United States. The median home price in this area is around $241,000, which is quite affordable for many people. The median household income here is around $51,942, which gives families enough purchasing power to afford basic necessities. Prices for food, transportation and other essentials are all generally lower than the national average. Additionally, taxes are relatively low in this area as well. All of these factors make living in 87047 Sandia Park a great choice for those looking for an affordable place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSandia ParkNew MexicoUnited States
    Unlock88.4100.0
  99.8  Unlock100.0
    Unlock82.6100.0
  139.8  Unlock100.0
    Unlock$267,100$338,100
  98.2  Unlock100.0
    Unlock84.6100.0
  104.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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