Cost of Living in Bernalillo, NM
Housing
The housing market plays a significant role in determining the cost of living in Bernalillo, NM.
- Housing Index: 95.0 / 100
- Median Home Price is: $270000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to Bernalillo, NM? With a housing index of 95.0, it indicates a more affordable market compared to the national average. The median home price stands at 270000, making home ownership attainable for many. Rental options are also reasonable, with the average for a 2-bedroom apartment at 1600 and a house at 1640. This combination can be particularly appealing for families or young professionals looking for space. Additionally, don’t forget to explore local amenities that can enhance your quality of life in Bernalillo.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bernalillo, NM.
- Electricity Price: $14.44 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Bernalillo, 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 $250 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 Bernalillo is a financially viable option for your relocation.