New Mexico vs Tennessee
Side-by-side cost of living comparison.
State Taxes
Sales Tax
4.875%
7%
+2.1 pp in Tennessee
Income Tax (top rate)
5.90%
None
Housing (median across tracked cities)
Median 1BR Rent
$889
$1,142
+28% in Tennessee
Median Home Value
$266,700
$270,100
+1% in Tennessee
Income (median across tracked cities)
Median Household Income
$65,604
$63,204
+4% in New Mexico
Climate (median across tracked cities)
Avg Annual Temperature
57.2°F
61.3°F
+4.0°F in Tennessee
Housing, income, and climate are medians across the 1/2 cities we track in New Mexico/Tennessee — 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.