Cost of Living in Sandia park, NM
Housing
The housing market plays a significant role in determining the cost of living in Sandia park, NM.
- Housing Index: 93.8 / 100
- Median Home Price is: $325,000
- Average Rent (2 BR Apartment): $1486 per month
- Average Rent (2 BR House): $1615 per month
Considering a move to Sandia park, NM? The housing index stands at 93.8, indicating a relatively affordable market. With a median home price of 325000, purchasing a home could be a wise investment. Rental options vary, with average rents for a 2-bedroom apartment at 1486 and a 2-bedroom house at 1615. This data suggests a favorable environment for both renters and buyers. Additionally, explore local amenities and job market trends to make an informed decision about your relocation, as they play a significant role in lifestyle and overall satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sandia park, 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 Sandia park, 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 Sandia park is a financially viable option for your relocation.