Median one-bedroom rent across the cities we track is $889 in New Mexico versus $1,030 in Rhode Island. Overall, New Mexico runs roughly 14% cheaper on rent than Rhode Island, its main day-to-day cost driver.
Median household income across tracked cities is $65,604 in New Mexico and $66,772 in Rhode Island — about 2% higher in Rhode Island. New Mexico has a top state income tax rate of 5.90% and a 4.875% state sales tax; Rhode Island has a top state income tax rate of 5.99% and a 7% state sales tax.
State Taxes
Housing (median across tracked cities)
Income (median across tracked cities)
Climate (median across tracked cities)
New Mexico vs Rhode Island — FAQ
- Is it cheaper to live in New Mexico or Rhode Island?
- New Mexico is cheaper on rent — its median one-bedroom of $889 runs about 14% below Rhode Island's $1,030, based on the cities we track in each state.
- How much more do you need to earn to live in New Mexico than in Rhode Island?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $36,000 a year in New Mexico versus $41,000 in Rhode Island.
- Which has lower taxes, New Mexico or Rhode Island?
- New Mexico has a top state income tax rate of 5.90% and a 4.875% state sales tax. Rhode Island has a top state income tax rate of 5.99% and a 7% state sales tax.
Housing, income, and climate are medians across the 3/1 cities we track in New Mexico/Rhode Island — 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.