Cost of Living in Red river, NM
Housing
The housing market plays a significant role in determining the cost of living in Red river, NM.
- Housing Index: Data is updating
- Median Home Price is: $241,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Red river, NM? The current data suggests an appealing scenario with a median home price of 241000, making home ownership more accessible. However, an absence of a recorded housing index and rental prices for 2-bedroom apartments and houses indicates possible fluctuations or limited availability in the market. It’s crucial to assess local amenities, job opportunities, and lifestyle benefits that could impact your long-term satisfaction. Exploring these factors alongside housing costs can provide a well-rounded perspective for your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red river, NM.
- Electricity Price: $14.44 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Red river, 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 data unavailable 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 Red river is a financially viable option for your relocation.