Cost of Living in New Mexico

The cost of living in New Mexico is relatively low, especially compared to other states. The median home cost is around $179,000, a fraction of the national median home price. Renting an apartment in the state is also quite affordable, with prices typically lower than the national average by about 10%. In general, groceries and utilities are cheaper too. Overall, the cost of living in New Mexico State makes it a very attractive place for those looking for an affordable yet enjoyable lifestyle.

Our cost of living indices are based on a US average of 100. An amount below 100 means New Mexico is cheaper than the US average. A cost of living index above 100 means New Mexico, New Mexico is more expensive.

New Mexico cost of living is 88.4