Cost of Living in New Mexico
Explore cost of living data for 33 cities in New Mexico. Compare housing, rent, groceries, healthcare, and utility costs with detailed city-by-city breakdowns.
Cheapest Cities in New Mexico
Most Expensive Cities in New Mexico
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All Cities in New Mexico(33 of 33)
Albuquerque
Algodones
Anthony
Belen
Berino
Bernalillo
Bosque Farms
Chaparral
Cochiti Lake
Corrales
Cuba
Estancia
Hatch
Jarales
Jemez Pueblo
Jemez Springs
La Mesa
Las Cruces
Los Lunas
Los Ranchos de Albuquerque
Mesilla
Moriarty
Mountainair
Peralta
Radium Springs
Rio Rancho
San Miguel
Santa Teresa
Santo Domingo Pueblo
Sunland Park
Tijeras
Tome
Vado
Living in New Mexico: What to Know
New Mexico has a cost of living index of 95.5, meaning overall expenses are 4.5% lower the national average. With 33 cities tracked in our database, the state offers a wide range of living situations from very affordable small towns to pricier metropolitan areas.
Housing is typically the largest expense category. Average rent in New Mexico is approximately $1,194 per month, with significant variation between urban centers and rural communities. Median home values average around $397,955 statewide.
The state income tax rate in New Mexico is 5.9%, which directly affects take-home pay. Factor this into salary comparisons when considering a move from states with different tax rates.
New Mexico Cost of Living FAQ
Common questions about living costs in New Mexico.