Zip 87062 (Veguita, NM) Cost of Living


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United States / New Mexico / No Metro Area / Socorro County / Veguita / Veguita (zip 87062)
How much do I need to live in Veguita, New Mexico?
$1,440 / month
for a family, 73.3% less expensive than the national average A total of $17,280 for the year for a family.
$2,867 / month
for a single person, 39.9% less expensive than the national average A total of $34,400 for the year for a single person.

Veguita cost of living score
72.9
Less expensive
27.1% lower
than the US average
17.5% lower
than the New Mexico average
Veguita (zip 87062), New Mexico gets a BestPlaces Cost of Living score of 72.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.1% lower than the U.S. average and 17.5% higher than the average for New Mexico.

Zip 87062 (Veguita, NM)

Housing costs in Veguita?
A typical home costs $89,700, which is 73.5% less expensive than the national average of $338,100 and 66.4% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Veguita costs $1,130 per month, which is 21.0% cheaper than the national average of $1,430 and 9.7% more than the state average of $1,020.

Can I afford Veguita?
To live comfortably in Veguita (zip 87062), New Mexico, a minimum annual income of $17,280 for a family, and $34,400 for a single person is recommended.

What does A.I. say about Veguita?
The cost of living in 87062 Veguita, NM is relatively affordable compared to other parts of the country. The median home price in Veguita is around $158,000, which is significantly lower than the national average of about $226,800. Additionally, housing costs are on the lower end with renters spending an average of only $789 per month for a two-bedroom apartment. Groceries are also reasonably priced at an average of 11 percent below the national average. Overall, residents of 87062 Veguita, NM can enjoy a comfortable lifestyle without having to break the bank.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesVeguitaNew MexicoUnited States
    Unlock88.4100.0
  89.3  Unlock100.0
    Unlock82.6100.0
  47.5  Unlock100.0
    Unlock$267,100$338,100
  108.0  Unlock100.0
    Unlock84.6100.0
  72.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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