Soham, NM Economy

Soham, NM is a scenic and tranquil town located in the southern part of New Mexico. It is home to many local businesses such as Soham Grocery Store and Soham Hardware Store which provide goods and services to the local population. Due to its low population density, there are not many competing businesses in the area which helps keep prices competitive for residents. This is reflected in the affordable 2 bedroom rent of $790 compared to national average of $1,430. Additionally, the Grocery Cost Index in Soham is 89 against 100 throughout the US which further demonstrates that it has a lower cost of living than most other places. All these factors make Soham an attractive place to live with a high quality of life at an affordable price making it a great place for families or individuals looking for a peaceful countryside lifestyle.