Cost of Living in Artesia, NM
Housing
The housing market plays a significant role in determining the cost of living in Artesia, NM.
- Housing Index: 93.8 / 100
- Median Home Price is: $236,000
- Average Rent (2 BR Apartment): $1452 per month
- Average Rent (2 BR House): $1578 per month
Considering a move to Artesia, NM? With a housing index of 93.8, it indicates that the cost of living is below the national average, making it an attractive option for potential homeowners and renters alike. The median home price stands at 236000, presenting an affordable entry point into the market. Additionally, the average rent for a 2-bedroom apartment is at 1452, while a 2-bedroom house averages 1578. These competitive prices coupled with the community's amenities could enhance your overall living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Artesia, NM.
- Electricity Price: $14.44 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $212 per month
Living in Artesia, NM could entail higher utility costs. Electricity costs sit at $14.44, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $212 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Artesia is a financially viable option for your relocation.