New Mexico vs Texas
Side-by-side cost of living comparison.
State Taxes
Sales Tax
4.875%
6.25%
+1.4 pp in Texas
Income Tax (top rate)
5.90%
None
Housing (median across tracked cities)
Median 1BR Rent
$889
$1,170
+32% in Texas
Median Home Value
$266,700
$264,900
+1% in New Mexico
Income (median across tracked cities)
Median Household Income
$65,604
$67,043
+2% in Texas
Climate (median across tracked cities)
Avg Annual Temperature
57.2°F
67.2°F
+10.0°F in Texas
Housing, income, and climate are medians across the 1/8 cities we track in New Mexico/Texas — 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.