New Mexico vs Nevada
Side-by-side cost of living comparison.
State Taxes
Sales Tax
4.875%
6.85%
+2.0 pp in Nevada
Income Tax (top rate)
5.90%
None
Housing (median across tracked cities)
Median 1BR Rent
$889
$1,181
+33% in Nevada
Median Home Value
$266,700
$395,300
+48% in Nevada
Income (median across tracked cities)
Median Household Income
$65,604
$70,723
+8% in Nevada
Climate (median across tracked cities)
Avg Annual Temperature
57.2°F
68.4°F
+11.2°F in Nevada
Housing, income, and climate are medians across the 1/1 cities we track in New Mexico/Nevada — 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.