Grid_ItemDataBound 13 Conversion from string "editaccount.aspx" to type 'Double' is not valid.page_load 13 Conversion from string "editaccount.aspx" to type 'Integer' is not valid. 2025 Cost of Living Calculator for Taxes: Truth or Consequences, New Mexico and Beech Grove, Indiana

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Truth or Consequences, New Mexico vs. Beech Grove, Indiana

Tax Compare

Our Premium Cost of Living Calculator includes, State and Local Income Taxes, State and Local Sales Taxes, Real Estate Transfer Fees, Federal, State, and Local Consumer Taxes (Gasoline, Liquor, Beer, Cigarettes), Corporate Taxes, plus Auto Sales, Property and Registration Taxes, and an Online Tool to customize your own personal estimated tax burden. Click here to customize.

Taxes
  9.7% higher in Beech Grove, Indiana
than in Truth or Consequences, New Mexico
Assumptions
  • Single, standard deduction, one exemption
  • Sales tax includes food and services
  • Real tax taxes are based on the local median home price
  • Car taxes assume a new Honda Accord costing $25,000
   Cost of living
      State level
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
100 = US Avg. Below 100 means cheaper. Above 100 means more expensive. About our Cost of Living Index
   Customize Your Own Personal Estimated Taxes
Enter your income and we will give you your estimated taxes in Truth or Consequences, New Mexico, we will also give you your estimated taxes in Beech Grove, Indiana.
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
   Annual taxes
      Based on $60,000 income
   Social security taxes
Truth or Consequences, NMBeech Grove, IN
Tax Social SecurityYesNo
Social Security NoteTaxable but can be included as part of an overall retirement-income exemption of up to $8,000 per person 
   Estimated sales tax
      State level, based on annual income of $75,000
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
   Tax on food
Truth or Consequences, NMBeech Grove, IN
Sales Tax On FoodNoNo
   Real estate tax
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
Assumes the local median home price and sales tax is amoritized over 13 years.
   Vehicle tax
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
Assumes a new $25,000 Honda Accord and Sales Tax is amortized over 6 years.
   Other taxes
      State level
Truth or Consequences, NM    Beech Grove, IN    U.S. Avg
* grt = Gross Receipts Tax. In this state, the corporation is required to pay the gross receipts tax on each sale instead of a traditional income tax based on its earnings. The effect is that a percentage of the total revenue or gross receipts for each sale has to be paid to the state as tax. The gross receipts tax is much like a Value Added Tax, only for businesses rather than individuals. Four states impose gross receipt taxes, Nevada, Ohio, Texas, and Washington.
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