Housing costs in Des Moines?
A typical home costs
$138,300, which is 59.1% less expensive than the national average of
$338,100 and 48.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Des Moines costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,020.
Can I afford Des Moines?
To live comfortably in Des Moines (zip 88418), 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 Des Moines?
Living in 88418 Des Moines, NM is relatively affordable. The median home value is $44,400, which is lower than the U.S. average of $184,700. Rents are also relatively low compared to other places in New Mexico - a one-bedroom apartment typically costs around $500 per month. Groceries and utilities are both cheaper than the U.S. average as well, making it an ideal place for those looking to save money on living expenses. Overall, 88418 Des Moines offers a cost of living that鈥檚 below the U.S. average and should make it relatively easy to live comfortably with less money than you would need elsewhere in the state.