Housing costs in Loco Hills?
A typical home costs
$233,700, which is 30.9% less expensive than the national average of
$338,100 and 12.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Loco Hills costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Loco Hills?
To live comfortably in Loco Hills, New Mexico, a minimum annual income of
$44,640 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Loco Hills?
The cost of living in Loco Hills, NM is slightly higher than the national average. The median home value is around $100,000, and while the taxes are generally low, they can be higher in areas with more expensive real estate. The cost of food, utilities, and other basic necessities are all relatively affordable. The local economy is primarily driven by agriculture and ranching, so the job market for those looking to stay in the area is limited but generally satisfies most residents' needs. With its close proximity to both Albuquerque and Santa Fe, locals often take advantage of urban amenities while avoiding more expensive city costs. All things considered, Loco Hills is a good place to live if one can find employment or make a living off their own land.