Cost of Living in New Mexico
Based on 1 city we track in New Mexico.
State Medians
Median 1BR Rent
$889
Median Home Value
$266,700
Median Income
$65,604
Avg Temperature
57.2°F
Medians across the New Mexico cities we track — not a statewide population-weighted figure.
State Taxes
State Sales Tax
4.875%
State Income Tax (top rate)
Up to 5.90%
Cities in New Mexico
Compare New Mexico with
Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026 (state taxes).