Housing costs in Soham?
A typical home costs
$197,100, which is 41.7% less expensive than the national average of
$338,100 and 26.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Soham costs
$800 per month, which is 21.6% cheaper than the national average of
$1,020 and close to the state average of
$800.
Can I afford Soham?
To live comfortably in Soham (zip 87565), New Mexico, a minimum annual income of
$37,800 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Soham?
The cost of living in 87565 Soham, NM is relatively low compared to other parts of the country. The median home value is $90,700 which is lower than the national average of $219,700. Additionally, the median household income in 87565 Soham, NM sits at $49,815, also lower than the national average. The area has a cost of living index of 86.2 which indicates that living expenses are generally 14% lower than the national average. This makes it an ideal place for those who want to live in an affordable location with all the same amenities that bigger cities offer.