Housing costs in Timberon?
A typical home costs
$174,900, which is 48.3% less expensive than the national average of
$338,100 and 34.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Timberon costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 29.1% cheaper than the state average of
$1,020.
Can I afford Timberon?
To live comfortably in Timberon, New Mexico, a minimum annual income of
$33,480 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Timberon?
Living in Timberon, NM is very affordable. The cost of living index for the area is just 85.7, which is lower than the national average of 100. This means that it usually costs much less to buy groceries and pay rent or a mortgage in Timberon than it does in other parts of the country. Housing prices are particularly low, with an average market value of just over $88,000 compared to the national median price of $200,000. In addition, utility costs are also quite reasonable due to an abundance of natural resources such as oil and gas. All in all, Timberon is a great place to live if you're looking for an inexpensive place to call home.