Housing costs in Newcomb?
A typical home costs
$64,700, which is 80.9% less expensive than the national average of
$338,100 and 75.8% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Newcomb costs
$800 per month, which is 21.6% cheaper than the national average of
$1,020 and 13.8% cheaper than the state average of
$910.
Can I afford Newcomb?
To live comfortably in Newcomb (zip 87455), New Mexico, a minimum annual income of
$12,240 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Newcomb?
The cost of living in 87455 Newcomb, NM is relatively low compared to the national average. The median home cost is around $165,000, which is much lower than the national average of $200,000. Additionally, groceries and general goods are also typically cheaper than in other parts of the country. The median household income is approximately $51,603 which can make it easier for residents to manage their expenses. Furthermore, the city's unemployment rate is a reasonable 3.2%, ensuring that there are plenty of job opportunities and economic stability. All these factors contribute to making 87455 Newcomb, NM an affordable place to live with a good quality of life.