Indiana vs New Mexico
Side-by-side cost of living comparison.
State Taxes
Sales Tax
7%
4.875%
+2.1 pp in Indiana
Income Tax (top rate)
2.95%
5.90%
+3.0 pp in New Mexico
Housing (median across tracked cities)
Median 1BR Rent
$963
$889
+8% in Indiana
Median Home Value
$207,000
$266,700
+29% in New Mexico
Income (median across tracked cities)
Median Household Income
$62,995
$65,604
+4% in New Mexico
Climate (median across tracked cities)
Avg Annual Temperature
53.2°F
57.2°F
+4.0°F in New Mexico
Housing, income, and climate are medians across the 1/1 cities we track in Indiana/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.