Find the Best Places to Live in the USA

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 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.

Regional Consumer Price Index (CPI):
New Mexico U.S. City Average
211 224
Average Annual Pay:
New Mexico U.S. City Average
$40,809.00 $49,808.00

Cost of Living by State:

Questions? Comments?
Copyright © 2014 All rights reserved.