Cost of Living in Jemez springs, NM
Housing
The housing market plays a significant role in determining the cost of living in Jemez springs, NM.
- Housing Index: 93.8 / 100
- Median Home Price is: $357,000
- Average Rent (2 BR Apartment): $1486 per month
- Average Rent (2 BR House): $1615 per month
Evaluating the housing market in Jemez springs, NM, it's clear that the housing index of 93.8 indicates a moderately competitive buyer's market. With a median home price of 357000 and average rent for a 2-bedroom apartment at 1486, affordability considerations are essential. Renting a 2-bedroom house averages 1615. For potential homeowners, market dynamics suggest a solid investment opportunity; however, the higher costs of home purchasing compared to rentals could require more savings or financial flexibility. Keep in mind that local amenities and job opportunities also play critical roles in your final decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jemez springs, 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 Jemez springs, 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 Jemez springs is a financially viable option for your relocation.