Housing costs in Truth or Consequences?
A typical home costs
$119,200, which is 64.7% less expensive than the national average of
$338,100 and 55.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Truth or Consequences 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 Truth or Consequences?
To live comfortably in Truth or Consequences, New Mexico, a minimum annual income of
$22,680 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Truth or Consequences?
Truth or Consequences, NM is an affordable place to live. The overall cost of living index is 8.3% lower than the national average, making it an ideal location for those looking to settle down without breaking the bank. Housing costs in particular can be quite low; the median home value is $127,400 according to CityData and the median gross rent is $715 per month. Additionally, goods and services are relatively inexpensive due to the low sales tax rate of 7%. This makes Truth or Consequences a great option for those looking for a cost-effective place to call home.