Housing costs in Torreon?
A typical home costs
$191,300, which is 43.4% less expensive than the national average of
$338,100 and 28.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Torreon costs
$910 per month, which is 10.8% cheaper than the national average of
$1,020 and 25.3% cheaper than the state average of
$1,140.
Can I afford Torreon?
To live comfortably in Torreon (zip 87061), New Mexico, a minimum annual income of
$36,720 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Torreon?
The cost of living in 87061 Torreon, NM is relatively low compared to other parts of the country. The median household income is $20,251 and the median home value is $29,800. This is lower than the national average for both categories, making it a great option for those looking to live in an affordable area with all the amenities they need. Additionally, groceries and healthcare expenses are also typically much lower than other areas. Overall, Torreon offers a great cost of living that can make it an ideal place to settle down.