Colorado vs New Mexico
Side-by-side cost of living comparison.
State Taxes
Sales Tax
2.9%
4.875%
+2.0 pp in New Mexico
Income Tax (top rate)
4.40%
5.90%
+1.5 pp in New Mexico
Housing (median across tracked cities)
Median 1BR Rent
$1,305
$889
+32% in Colorado
Median Home Value
$586,700
$266,700
+55% in Colorado
Income (median across tracked cities)
Median Household Income
$85,364
$65,604
+23% in Colorado
Climate (median across tracked cities)
Avg Annual Temperature
50.2°F
57.2°F
+7.0°F in New Mexico
Housing, income, and climate are medians across the 3/1 cities we track in Colorado/New Mexico — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.