Florida vs New Mexico
Side-by-side cost of living comparison.
State Taxes
Sales Tax
6%
4.875%
+1.1 pp in Florida
Income Tax (top rate)
None
5.90%
Housing (median across tracked cities)
Median 1BR Rent
$1,235
$889
+28% in Florida
Median Home Value
$320,700
$266,700
+17% in Florida
Income (median across tracked cities)
Median Household Income
$69,142
$65,604
+5% in Florida
Climate (median across tracked cities)
Avg Annual Temperature
71.8°F
57.2°F
+14.6°F in Florida
Housing, income, and climate are medians across the 2/1 cities we track in Florida/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.