Cost of Living in Raton, NM
Housing
The housing market plays a significant role in determining the cost of living in Raton, NM.
- Housing Index: 93.8 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1486 per month
- Average Rent (2 BR House): $1615 per month
When considering relocating to Raton, NM, the housing index sits at 93.8, indicating a reasonably affordable market compared to national averages. The median home price is 180000, which is attractive for homebuyers, especially first-timers. Renting options reveal an average rent of 1486 for a 2-bedroom apartment and 1615 for a 2-bedroom house. These figures suggest a balanced housing market that might favor various living situations. Ideal for families and professionals looking for reasonable costs, Raton is worth a closer look for your next move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Raton, 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 Raton, 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 Raton is a financially viable option for your relocation.