Housing costs in Sheep Springs?
A typical home costs
$82,500, which is 75.6% less expensive than the national average of
$338,100 and 69.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Sheep Springs costs
$790 per month, which is 22.5% cheaper than the national average of
$1,020 and 15.2% cheaper than the state average of
$910.
Can I afford Sheep Springs?
To live comfortably in Sheep Springs (zip 87364), New Mexico, a minimum annual income of
$15,840 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Sheep Springs?
The cost of living in 87364 Sheep Springs, NM is quite reasonable compared to other parts of the state and nation. The median home price is around $86,000, with an average rent of about $700 a month. Utilities are also quite affordable, with electricity costing just over 9 cents per kilowatt-hour on average. Groceries and health care costs are also relatively low, making it easy to stretch your budget in this small locale. All in all, 87364 Sheep Springs, NM offers an affordable way to live with plenty of amenities nearby.