Cost of Living in Moriarty, NM
Housing
The housing market plays a significant role in determining the cost of living in Moriarty, NM.
- Housing Index: 93.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1486 per month
- Average Rent (2 BR House): $1615 per month
In Moriarty, NM, a housing index of 93.8 indicates a that the housing market is quite affordable compared to national averages. The average rent for a 2-bedroom apartment is 1486, while renters seeking a house can expect to pay 1615. Notably, the lack of a median home price suggests potential barriers for purchasing property, signaling an opportunity for renters to secure a residence without immediate home-buying pressure. Overall, Moriarty represents a tantalizing option for individuals or families seeking budget-friendly living arrangements while considering future housing investments.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Moriarty, 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 Moriarty, 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 Moriarty is a financially viable option for your relocation.