Housing costs in Taos?
A typical home costs
$389,900, which is 15.3% more expensive than the national average of
$338,100 and 46.0% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Taos costs
$960 per month, which is 5.9% cheaper than the national average of
$1,020 and 2.1% more than the state average of
$940.
Can I afford Taos?
To live comfortably in Taos (zip 87571), New Mexico, a minimum annual income of
$74,880 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Taos?
The cost of living in 87571 Taos, NM is relatively affordable when compared with other parts of the country. Prices for goods and services are typically lower than the national average. Rent prices vary depending on location, but are generally reasonable at around $800 to $1,000 for a one-bedroom apartment. Groceries also tend to be cheaper than the average city with plenty of local options for fresh produce and meat. The local economy is largely driven by tourism, so there is a wide variety of restaurants and entertainment venues which are usually priced affordably. Overall, 87571 Taos, NM offers a great value for those looking to live within budget while still enjoying all that the area has to offer.