Housing costs in Las Cruces?
A typical home costs
$242,900, which is 28.2% less expensive than the national average of
$338,100 and 9.1% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Las Cruces costs
$890 per month, which is 12.7% cheaper than the national average of
$1,020 and close to the state average of
$890.
Can I afford Las Cruces?
To live comfortably in Las Cruces (zip 88005), New Mexico, a minimum annual income of
$46,440 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Las Cruces?
The cost of living in 88005 Las Cruces, NM is quite affordable compared to the national average. The overall cost of living index is 8% lower than the US average, with housing costs being 14% lower and groceries coming in 7% less. In addition, utilities are about 16% below the national average and transportation costs are 4% below. With these low costs, Las Cruces is a great option for those looking to save on their cost of living expenses.