Housing costs in Caballo?
A typical home costs
$138,700, which is 59.0% less expensive than the national average of
$338,100 and 48.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Caballo 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 Caballo?
To live comfortably in Caballo (zip 87931), New Mexico, a minimum annual income of
$26,640 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Caballo?
The cost of living in 87931 Caballo, NM is quite affordable. The median home value is $48,400, which is significantly lower than the national average. Property taxes are also quite low, with a median rate of just 0.9%. Utilities and groceries are also typically moderately priced, making it very easy to maintain an affordable lifestyle in this area. Overall, 87931 Caballo, NM provides great value for money when it comes to the cost of living.