Cost of Living in Tatum, NM
Housing
The housing market plays a significant role in determining the cost of living in Tatum, NM.
- Housing Index: Data is updating
- Median Home Price is: $150000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing potential housing opportunities in Tatum, NM reveals a median home price of 150000, showcasing an advantageous entry point for buyers in the current market. However, with a housing index of 0.0, and zero recorded average rents for both 2BR apartments and houses, it appears that the rental market may be underdeveloped or not fully represented in current data. This indicates a unique situation that could benefit long-term investors. As you consider relocating, evaluating regional economic factors and local amenities can also greatly influence your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tatum, 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 Tatum, 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 Tatum is a financially viable option for your relocation.