Housing costs in Santa Teresa?
A typical home costs
$283,200, which is 16.2% less expensive than the national average of
$338,100 and 6.0% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Teresa costs
$960 per month, which is 5.9% cheaper than the national average of
$1,020 and 7.3% more than the state average of
$890.
Can I afford Santa Teresa?
To live comfortably in Santa Teresa (zip 88008), New Mexico, a minimum annual income of
$54,360 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Santa Teresa?
The cost of living in 88008 Santa Teresa, NM is relatively affordable compared to the national average. The median household income in 88008 is approximately $46,123, which is slightly lower than the national median household income of $61,937. Goods and services cost about 4% less than the national average, which allows the residents of 88008 to make their money go a bit further. Additionally, housing costs are much lower than the rest of the United States with an average listing price for homes at just over $200k. Overall, Santa Teresa provides its residents with a high quality of life at an affordable price.