Zip 87063 (Willard, NM) Cost of Living


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How much do I need to live in Willard, New Mexico?
$1,650 / month
for a family, 69.4% less expensive than the national average A total of $19,800 for the year for a family.
$2,433 / month
for a single person, 49.0% less expensive than the national average A total of $29,200 for the year for a single person.

Willard cost of living score
78.5
Less expensive
21.5% lower
than the US average
11.2% lower
than the New Mexico average
Willard (zip 87063), New Mexico gets a BestPlaces Cost of Living score of 78.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.5% lower than the U.S. average and 11.2% higher than the average for New Mexico.

Zip 87063 (Willard, NM)

Housing costs in Willard?
A typical home costs $103,400, which is 69.4% less expensive than the national average of $338,100 and 61.3% less expensive than the average New Mexico home, at $267,100. Renting a two-bedroom unit in Willard costs $890 per month, which is 12.7% cheaper than the national average of $1,020 and 28.1% cheaper than the state average of $1,140.

Can I afford Willard?
To live comfortably in Willard (zip 87063), New Mexico, a minimum annual income of $19,800 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Willard?
The cost of living in Willard, NM 87063 is quite affordable compared to other areas of the state. The median house price is $115,000, which is substantially lower than the state's average of $150,000. Additionally, monthly rent for a two-bedroom residence averages $500 and utilities like electricity and water are also reasonably priced. Other components of the cost of living are similarly affordable, such as food, transportation, health care costs and taxes. In general, Willard offers a low cost of living that makes it an attractive option for those looking for an affordable place to live in New Mexico.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWillardNew MexicoUnited States
    Unlock88.4100.0
  88.5  Unlock100.0
    Unlock82.6100.0
  25.2  Unlock100.0
    Unlock$267,100$338,100
  111.0  Unlock100.0
    Unlock84.6100.0
  77.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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