Cost of Living in New Mexico
The cost of living in New Mexico is 5% lower than the national average
| Cost of Living in New Mexico | Compared to National Average |
|---|---|
| Housing (Buy and Rent) | 7% lower |
| Utilities (Monthly) | 15% lower |
| Food | 4% lower |
| Healthcare | 3% higher |
| Transportation | 5% lower |
| Goods & Services | 2% lower |
Summary
The cost of living in New Mexico is 5% lower than the national average. Housing is 7% lower than the national average, while utilities are 15% lower. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 2% lower.
Healthcare services such as doctor check-ups and dentistry cost 3% higher in New Mexico compared to the national average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% lower.
The Cost of Living in New Mexico Largest Cities Compared to the National Average
This is how much pricier or cheaper it is to live in New Mexico’s 5 largest cities compared to the national average.
The cost of living in New Mexico varies depending on the city you live in. The priciest city in New Mexico is Los Alamos, where the cost of living is 9% higher compared to the state average and 4% higher than in the rest of the U.S. The cheapest major city in New Mexico is Las Cruces, with a cost of living 5% lower below the state average and 9% lower than the national average.
| City, State | Compared to State Average | Compared to National Average |
|---|---|---|
| Los Alamos, NM | 9% higher | 4% higher |
| Albuquerque, NM | 1% higher | 4% lower |
| Rio Rancho, NM | 1% lower | 6% lower |
| Carlsbad, NM | 3% lower | 8% lower |
| Las Cruces, NM | 5% lower | 9% lower |