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New Mexico Cost of Living (NM)

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 202 in New Mexico is 13.30% lower than the U.S. city average CPI of 233. The sales tax is 5.13%.

The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average New Mexico annual salary, sales tax rates and the regional consumer price index.


New Mexico Consumer Price Index (CPI):
CPI
New Mexico
202
U.S. City Average
233
Average Annual Pay:
U.S. Dollars
New Mexico
$40,809
U.S. City Average
$49,808
Consumption Categories in New Mexico versus National Average:
Category Percentage Versus National Average
Education -32.06%
90.91%
0%
Healthcare -2.41%
6.83%
0%
Groceries -18.75%
53.17%
0%
Rent -12.38%
35.10%
0%
Mortgage -24.13%
68.42%
0%
Electricity -29.49%
83.62%
0%
Gasoline -3.37%
9.56%
0%


Cost of Living by State:


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