Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Peralta, New Mexico is a smaller city with a population of 3,599 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (82% White). Given that fact, Peralta could be considered less diverse than other cities. Additionally, more than a quarter of the population of Peralta are of Hispanic or Latino origin, and 27% of the population also speak Spanish. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Peralta entails a longer-than-average one-way commute time, averaging 34 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Peralta, New Mexico could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like amenities, cost of living, commute, employment, housing, you can easily compare the best places to live in Peralta and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Peralta to New Mexico and the national average.
Peralta, NM receives 64 out of 100 for its livability score; this results in a ranking of #56 in New Mexico and #11,527 in the USA. There are nine total categories that generate the livability score. Peralta ranks well for cost of living (A) and housing (B) There are some categories that Peralta scores poorly for, including: amenities (F), crime (D), education (F) and employment (D). It might be worth taking a closer look to figure out why.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Peralta apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Peralta meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Peralta. Everything else becomes a lot less important if it turns out that home prices in Peralta are simply unattainable. Median real estate prices in Peralta come in at $195,900, which is 21.2% higher than the New Mexico average. The home price to income ratio compares the median home prices to the median household income. In Peralta, the home price to income ratio is 3.6, which is 2.9% higher than the New Mexico average.
| Statistic | Peralta | New Mexico | National |
| Average one way commute | 34min | 22min | 26min |
| Workers who drive to work | 80.2% | 79.8% | 76.4% |
| Workers who carpool | 11.1% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 2.2% | 2.8% |
| Working from home | 0.0% | 4.7% | 4.6% |
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