What is the cost of living in New Mexico?
Key cost indicators in New Mexico: median home value $232,200, median rent $1,021/month, median household income $62,125, per Census ACS 5-Year estimates.
Context
Census ACS does not publish a composite cost-of-living index, but housing, the single largest household expense, is the strongest signal. New Mexico's housing costs combined with local incomes determine how affordable the state actually is for residents.
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Frequently Asked Questions
Key cost indicators in New Mexico: median home value $232,200, median rent $1,021/month, median household income $62,125, per Census ACS 5-Year estimates.