Housing costs in Rio Rancho?
A typical home costs
$310,800, which is 8.1% less expensive than the national average of
$338,100 and 16.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Rio Rancho costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 28.2% more than the state average of
$1,020.
Can I afford Rio Rancho?
To live comfortably in Rio Rancho, New Mexico, a minimum annual income of
$59,400 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Rio Rancho?
Rio Rancho gives residents a rare chance at great value for economical living situated somewhere within New Mexico's Sandoval County consisting of median housing values averaging right around $227K and renting usually lands near by at between $1,000 - 1,200 as standard - significantly cheaper compared to some other parts of the Land of Enchantment such as Bernalillo or Santa Fe which are located deeper down south. Grocery stores equally hover slightly above United States levels due largely to local taxes & regulations while sales tax equates out unchanged at 7%.