The cost of living in New Mexico (NM) is lower than the nationwide average. The average yearly pay in New Mexico is $40,809.00, which is lower than the U.S. average annual salary by $8,999.00.
The consumer price index (CPI) of 211 in New Mexico is 5.80% lower than the U.S. city average CPI of 224.
This is calculated by averaging the information about the major
metropolitan areas of the state and not by taking the state cost
of living information directly. The factors in the calculation
include the average New Mexico annual salary, New Mexico
tax rates and the regional New Mexico consumer price index.