Housing costs in Glenwood?
A typical home costs
$245,300, which is 27.4% less expensive than the national average of
$338,100 and 8.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Glenwood costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 27.5% cheaper than the state average of
$1,020.
Can I afford Glenwood?
To live comfortably in Glenwood, New Mexico, a minimum annual income of
$47,160 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Glenwood?
Glenwood, NM is known for its affordability and low cost of living. The cost of living in Glenwood is far lower than the national average, making it an attractive option for people looking to save money. Groceries, gas, housing costs, and other expenses are much more reasonable than in larger cities. Rent for a two-bedroom apartment averages just over $500 per month and utilities are surprisingly inexpensive. Overall, the low cost of living in Glenwood makes it an attractive location to live or visit without breaking the bank.