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Cost of Living in
New Mexico

Living cost is 4.82% lower than avg
Families spend upto $8,426/mo on avg
Homeowners spend $8,075/mo on avg
Renters spend $4,536/mo on avg

Cost of Living in
New Mexico

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A Breakdown of the Cost of Living in New Mexico

U.S. Avg.

New Mexico

Difference Diff

Home Price

$532,491

$499,672.4

Apartment Rent (per month)

$1,367

$1,482.6

U.S. Avg.

New Mexico

Difference Diff

Phone (per month)

$219.4

$196.33

11%

Total Energy (per month)

$200.23

$168.4

16%

U.S. Avg.

New Mexico

Difference Diff

Grocery Staples

Corn Flakes (per box)

$6.79

$5.09

25%

Frozen Corn (per bag)

$2.41

$2.21

Frozen Meal (per package)

$4.85

$3.8

22%

Cooking Oil (per bottle)

$6.16

$8.77

42%

Detergent (per bottle)

$19.51

$20.08

Facial Tissues (per box)

$2.85

$2.23

22%

Sweet Peas (per can)

$1.83

$1.57

14%

Sugar (per bag)

$4.66

$5.14

10%

Bread (per loaf)

$3.87

$3.97

Frying Chicken (per lb)

$1.64

$1.49

Meat & Poultry

Chicken (per lb)

$1.71

$1.52

11%

Steak (per lb)

$14.54

$16.54

14%

Sausage (per lb)

$5.23

$5.03

Ground Beef (per lb)

$8.61

$7.49

13%

Snacks & Beverages

Soft Drink (per bottle)

$3.45

$2.96

14%

Potato Chips (per bag)

$5.54

$4.38

21%

Coffee (per lb)

$6.55

$6.71

Fresh Orange Juice (per half gallon)

$5.22

$4.95

Fruits & Vegetables

Peaches (per can)

$4.40

$2.61

41%

Lettuce (per head)

$1.98

$1.91

Bananas (per lb)

$0.64

$0.76

18%

Potatoes (per bag)

$5.58

$4.83

13%

Dairy & Eggs

Parmesan Cheese (per lb)

$4.69

$4.91

Margarine (per lb)

$1.30

$1.41

Eggs (per dozen)

$3.98

$4.17

Whole Milk (per gallon)

$4.08

$4.58

12%

Seafood

Chunk Light Tuna (per can)

$1.22

$1.25

U.S. Avg.

New Mexico

Difference Diff

Tire Balance (per tire)

$70.23

$62.61

11%

Gasoline (per gallon)

$2.9

$3.01

U.S. Avg.

New Mexico

Difference Diff

Doctor Visit (per visit)

$116.03

$140.61

21%

Dentist Visit (per visit)

$145.11

$120.16

17%

Ibuprofen (per bottle)

$12.38

$11.59

Prescription Drug (per month)

$20.8

$27.93

34%

Optometrist Visit (per visit)

$95.27

$180.73

90%

U.S. Avg.

New Mexico

Difference Diff

Women’s Slacks

$35.43

$36.38

Boys’ Jeans

$29.47

$29.59

Men’s Shirt

$39.36

$37.03

Wine (per bottle)

$7.51

$11.54

54%

Beer (per 6-pack)

$11.17

$9.74

13%

Veterinary Services (per visit)

$65.33

$71.58

10%

Tennis Balls (per pack)

$3.59

$4.39

22%

Yoga (per class)

$12

$16.34

36%

Movie (per ticket)

$11.67

$12.02

Newspaper (per copy)

$19.31

$10.85

44%

Washer Repair (per service)

$109.47

$96.13

12%

Women Slacks

$34.88

$34.76

Boy Jeans

$29.51

$27.96

Man Dress Shirt

$39.05

$37.95

Dry Cleaning (per item)

$13.45

$17.07

27%

Shampoo (per bottle)

$1.55

$1.4

Toothpaste (per tube)

$3.64

$4.22

16%

Beauty Salon (per visit)

$47.5

Haircut (per cut)

$27.08

$29.01

Fried Chicken (per serving)

$4.37

$5.01

15%

Pizza (per pizza)

$11.99

$13.2

10%

Hamburger (per serving)

$5.28

$6.03

14%

New Mexico’s living costs sit 4.82% lower than the US average, making it one of the more affordable states in the West. Year-round sunshine, scenic landscapes, and a laid-back pace of life continue to attract families, retirees, and remote workers. If you're planning to buy a house in New Mexico, prices are lower and options are wider than in neighboring states like Colorado or Arizona.

Housing prices in New Mexico is 6% lower than the US average. The average home price in New Mexico is $499,672.40, compared to the national median of $410,800. A 20% down payment comes to about $71,320. Monthly mortgage payments usually range from $1,750 to $1,950, depending on loan terms and location. Buyers will find a mix of adobe homes, newer subdivisions, and larger lots—especially outside of urban centers.
Rent in New Mexico is 8.5% higher than the national average. A one-bedroom apartment in New Mexico costs $1,200 per month. Two-bedroom units average $1,400, while three-bedrooms are around $1,725. Most rentals include standard amenities like air conditioning and off-street parking. Premium amenities like in-unit laundry or fitness centers are less common outside of metro areas.
Utilities in New Mexico are 12% lower than the US average. A total monthly utility bill for electricity, water, and internet for a typical home can range from $250 to over $400, depending on usage and location. Internet service averages $196.33 per month, while the cost of water varies by municipality roughly adding $35 to $50. HOA fees, where applicable, typically fall between $100 and $250. Fire insurance may be necessary in wildfire-prone areas but isn’t standard statewide.
Groceries are 2% lower than the US average. A family of four spends between $995.20 on a thrifty plan and up to $1,566 on a liberal plan on food, while a single adult spends nearly $500. Common grocery prices include: milk at $4.58 per gallon, eggs at $4.17 per dozen, chicken breast at $4 per pound, and bread at $3.97 per pound.
Transportation is 3.56% lower than the national average. Gas prices average $3.01 per gallon. Monthly car insurance is about $167, 21% below the national norm. Public transit exists in Albuquerque and Las Cruces, but most residents drive. There are no toll roads, and parking is easy in most towns.
Healthcare costs are 7.69% higher than the national average. A routine doctor’s visit in New Mexico costs about $140.61 without insurance, while a follow-up visit may be less like $130. Emergency visits can reach $3,000 or more without insurance. Larger cities offer broader healthcare access, while rural areas may have fewer specialists and longer wait times.
Miscellaneous expenses are 2.41% lower than the US average. Gym memberships vary widely, ranging from budget options to premium memberships that can cost up to $159 monthly. A movie ticket costs an average of $12.02, though matinee prices may be lower. Child care costs vary significantly, with a monthly average of $1,127 for infants and $790 for 4-year-olds. New Mexico also offers low-cost recreation through national parks, art festivals, and local cultural events.

Moving to New Mexico? Expect a more affordable cost of living. The sunshine and wide-open spaces come cheap—but your budget will still depend on where you choose to settle. 👉 Next Step: Compare single-family homes in New Mexico.

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Is Living in New Mexico Expensive?

No, New Mexico is not expensive to live in. The average cost of living in New Mexico is 4.82% lower than the national average, offering more affordability for middle-class families. Housing costs are 6% lower than the national median, and expenses like utilities and transportation are also on the lower side. Food and healthcare costs stay close to national norms.

With a $410K budget, you could own a spacious three-bedroom home in Albuquerque or a modern house with mountain views in Las Cruces. In cities like Denver or Austin, however, that same budget may only stretch to a small condo or townhouse. For many, New Mexico strikes a solid balance between cost, space, and lifestyle.

Housing in New Mexico

Buying a home in New Mexico is easier on your wallet than in many other states. With a median home price of $499,672.40—6% lower than the national average—buyers get more space for less. Average monthly mortgage payments fall between $1,750 and $1,950, depending on your rate and down payment. Whether you're flying solo or raising kids, homes in New Mexico offer solid value in family-friendly and lifestyle-focused neighborhoods.

Buying a House in New Mexico

If you're a young adult or single individual, one-bedroom homes in New Mexico are popular in areas like Downtown Las Cruces and Nob Hill (Albuquerque). Prices range from $199,900 to $375,000, with mortgages around $1,200 to $2,000 per month. These walkable neighborhoods offer access to cafes, coworking spots, and local events. For more budget-friendly options, check out South Valley or Rio Rancho. The average home price in South Valley is around $499,672.40, and in Rio Rancho, it's approximately $499,672.40.
If you're a married couple with young children (under 6), two-bedroom homes in New Mexico are common in neighborhoods like Taylor Ranch (Albuquerque) and Sonoma Ranch (Las Cruces). The median home price in Taylor Ranch is closer to $499,672.40, and in Sonoma Ranch, it’s around $499,672.40, with mortgage payments between $1,800 and $2,100. These areas offer yard space, parks, and access to essentials like grocery stores and childcare. Schools like Chamiza Elementary and Hillrise Elementary are known for strong early learning programs.
If you're a married couple with older children (ages 6–17), three-bedroom homes in New Mexico are widely available in Sandia Heights, High Desert, and Picacho Hills. The median home price in Sandia Heights is closer to $499,672.40, and in High Desert, it's significantly higher, often reaching $499,672.40, with monthly payments between $2,200 and $2,800. However, for homes in these higher-end neighborhoods, the payments can easily exceed this range, especially when factoring in property taxes, insurance, and potential HOA fees. Families here value access to La Cueva High School and Centennial High School, both praised for academics and sports.

Renting a House in New Mexico

Rent in New Mexico is 8.5% higher than the national average, making it an affordable option for renters across all life stages. A one-bedroom home in New Mexico averages $1,482.60 per month, while a two-bedroom home rents for about $1,800 per month. Larger properties, like three-bedroom homes, hover around $2,100 per month, depending on the city and amenities.

If you’re a young adult or single renter, neighborhoods like East Downtown (EDo) in Albuquerque and Mesilla Park in Las Cruces are ideal for young professionals or solo renters. Rent for a one-bedroom home in Albuquerque ranges from $1,050 to $1,300 per month, with access to bars, cafes, coworking spaces, and walkable streets. Mesilla Park offers a quieter vibe but still has access to local shops and restaurants near New Mexico State University. Public transit in Albuquerque via ABQ Ride is functional for short city commutes, though most residents still rely on cars.
If you’re a married couple with young children (under 6), family-friendly options include Loma Colorado (Rio Rancho) and Jornada (Las Cruces). A two-bedroom home in these areas rents for $1,350 to $1,600 per month, with easy access to pediatric clinics, grocery stores, and parks. Loma Colorado has community centers and is near highly rated Cielo Azul Elementary, while Jornada offers newer builds in quieter subdivisions. These areas are car-dependent but offer low congestion and nearby essentials.
If you’re a family with older children (ages 6–17), Ventana Ranch in Albuquerque and Sonoma East in Las Cruces are solid picks. Renting a three- or four-bedroom home in New Mexico here costs $1,700 to $2,200 per month, depending on square footage and school district. Families are drawn to Volcano Vista High School and Las Cruces High School, both known for academics and extracurriculars. While public transit is limited, the suburban layout provides quiet streets and access to grocery chains and after-school programs.
If you’re a retiree or downsizer, consider homes in New Mexico near Las Cruces or Four Hills Village in Albuquerque. A one-bedroom home in these areas typically rents for $1,100 to $1,350 per month. These neighborhoods offer proximity to healthcare facilities, golf courses, and walking trails. Four Hills Village provides quick access to pharmacies and specialty care centers, while Picacho Hills offers scenic views and a slower pace. Most errands will require a car, but traffic is minimal and services are close by.
If you’re an international student, those attending the University of New Mexico or New Mexico State University often rent in Nob Hill (Albuquerque) or University Park (Las Cruces). A three-bedroom home in New Mexico near campus ranges from $1,600 to $2,000 per month, but shared living can reduce individual costs by 30% or more. Campus shuttles and bike-friendly roads make getting around easier without a car.

Utilities in New Mexico

Food and Groceries in New Mexico

Transportation in New Mexico

Healthcare in New Mexico

Healthcare cost in New Mexico is around 7.69% higher than the national average, making it one of the few cost categories in the state that’s above average. While routine care is generally accessible, specialized treatments and emergencies can add up quickly—especially without insurance. Here's what you need to know before you schedule your next check-up or prescription refill.

Doctor Visit — $140.61+ per visit: A general practitioner visit in New Mexico averages $140.61, slightly above the national median. This covers common appointments like annual physicals, cold and flu check-ups, and blood pressure monitoring. Prices may go up for visits involving diagnostics or chronic condition management.
Dentist Visit — $120.16+ per visit: A standard dental cleaning costs between $80 and $120, while more involved care—like a cavity filling or fluoride treatment—ranges between $140 and $350.
Optometrist Visit — $180.73+ per visit: An eye exam with a licensed optometrist costs $171 to $200, and that includes a basic vision check and prescription update. Contact lens fittings or screenings for glaucoma or dry eye may raise your bill by at least $70, depending on the clinic and location.
Prescription Drugs — under $27.93 per month: If you need long-term prescriptions, prices can vary. A month’s supply of Lisinopril (blood pressure) costs $4–$10, and Metformin (for type 2 diabetes) ranges from $4–$15. Short-term medications like Amoxicillin or Zithromax average $10 to $20 without insurance.
Over-the-Counter Meds — $11.59+ per package: OTC staples in New Mexico are moderately priced. A bottle of ibuprofen costs about $5, and DayQuil or Mucinex for colds range from $11 to $14. Allergy meds like Claritin run close to $20, which is slightly above average, especially during allergy season in desert regions.

New Mexico’s climate—dry, sunny, and mild—can reduce the frequency of cold and flu visits, and joint pain complaints tend to be lower in low-humidity areas. Still, healthcare in New Mexico remains pricier than in places like Texas or Utah, especially for those without coverage. That’s why having health insurance is essential. Monthly premiums usually range from $380* to $510*, depending on your age, provider, and plan type.

*Disclaimer: These figures are averages and can vary based on individual circumstances and specific insurance providers. It's recommended to compare plans and consult with insurance professionals to find the best coverage for your needs.

Miscellaneous Costs in New Mexico

Miscellaneous expenses in New Mexico are 2.41% lower than the national average, which means your budget breathes a little easier when it comes to everyday extras. Whether it’s grabbing tacos on a Friday night or grooming your golden retriever, don't hit your wallet quite as hard.

Food and Drinks: New Mexico’s food scene is big on flavor without busting your wallet. A burger at a casual spot costs $6 to $8, while a sit-down meal averages $18 to $25 per person. Tacos cost $2.50 to $4 depending on the place, and a pizza slice is around $13.20. Sushi fans can expect to spend $11 to $15 per roll at mid-range restaurants. For your caffeine fix, a brewed coffee typically is within $6.71, and local craft beers go for $5 to $7 a pint.
Personal Care and Grooming: Keeping up appearances won’t drain your checking account. A haircut can cost $29.01, depending on the type and length of hair. Salon visits for a wash, cut, and blow-dry usually start around $47.50 and can go up to $90 or more. Manicures start at $35, while facials or skincare treatments hover around $60 to $100 per session. Massage therapy costs $70 for a one-hour session, although prices can easily go up to $100 or more.
Clothing and Laundry: The desert climate keeps wardrobes casual and breathable. A decent dress shirt or jeans would cost $50 on an average. Dry cleaning comes in around $17.07 per visit, depending on the item. Most residents opt for at-home laundry setups—practical and a lot easier on the wallet.
Fitness and Entertainment: A yoga class in New Mexico will set you back $16.34, while movie tickets cost $12.02. But the state is loaded with outdoor recreation options that cost next to nothing. Think hiking in Sandia Mountains, biking along the Paseo del Bosque Trail, or weekend camping trips in Carson National Forest. However, camping in any federal land require a permit or a fee, depending on the specific site and regulations.
Pet-Related Expenses: Vet visits average $71.58, and emergency care can climb beyond $500, depending on severity. But if you're a pet owner, New Mexico is paradise. Cities like Albuquerque and Santa Fe offer dog parks, walking trails, and pet-welcoming cafés. Elena Gallegos Open Space and Las Cruces Dog Park are favorites among local pet parents.

What Salary Do You Need to Live in New Mexico?

The average income in New Mexico is 4.82% lower, and with the living cost in New Mexico lower% the national average, many residents can stretch their income further than in neighboring states. Still, what you’ll need to live comfortably depends on your lifestyle and household size.

Liveable salary for homeowners spend $96,902.00: A single adult homeowner can generally maintain a modest but comfortable lifestyle that typically range from $45,000 to $65,000, with the high end more common for a modest lifestyle. For a two-adult household, this number increases significantly, often starting at $75,000 to $85,000.

Liveable salary for renters spend $54,432.00: Higher monthly rent, plus recurring bills like internet, electricity, and gas, drive up annual expenses. A one-bedroom home in most urban areas of New Mexico can cost $1,200 or more with utilities included.

Liveable Salary for families with kids spend $101,114.00: With the added burden of childcare, healthcare, school supplies, and a larger home, costs rise significantly. Childcare costs in New Mexico can exceed $800 per month for one child and over $1,800 for two. Moreover, having one or two vehicles quickly adds to transportation expenses.

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What is a Cost of Living Calculator?

A cost of living calculator helps you compare the expenses required to live in a different location. The calculator factors in various living expenses like housing, food, utilities, transportation, fitness, and entertainment, etc., and helps you estimate how much salary you need to live in that city. Since the cost of goods and services varies in different cities, a New Mexico cost of living calculator can help you make the decision to move to this city or not.

About Cost of Living Data

The data used to determine New Mexico's cost of living is sourced from the Council for Community and Economic Research (C2ER). Published since 1968, COLI data is recognized by the U.S. Census Bureau and the Bureau of Labor Statistics. This organization regularly updates its data to offer a detailed and well-researched view of living expenses in cities across the country. An independent Advisory Board reviews C2ER’s data collection methodologies and quarterly publications to ensure consistency and quality. For more information, visit www.coli.org. Data published as of Oct 2025.

Frequently Asked Questions

How much is gas in New Mexico?

The average cost of gas in New Mexico is around $3.01 per gallon, making it more affordable than the national average. Prices can fluctuate during peak travel seasons or in remote areas with limited access. Long stretches of highway and sparse public transit mean driving is essential, especially outside of cities like Albuquerque or Santa Fe.

Is New Mexico a good place to live?

Yes, New Mexico is a great place to live if you value wide-open spaces, low property taxes, and a slower pace of life. The state is rich in culture, with scenic areas like Taos and Santa Fe offering vibrant arts communities. Top hospitals include Presbyterian Hospital in Albuquerque, and many areas offer access to hiking trails, national parks, and local farmers markets.

What is the cost of living in New Mexico?

The price of living in New Mexico is 4.82% lower than the national average. While Santa Fe and Los Alamos are on the pricier side, cities like Las Cruces, Roswell, and Farmington are more affordable. Housing remains the biggest money-saver compared to other states.

What is the average rent in New Mexico?

A one-bedroom home in New Mexico typically rents for $1,482.60 per month. Santa Fe and Albuquerque tend to have higher rents, especially in downtown areas with walkable amenities. In contrast, smaller towns like Clovis or Gallup offer more space for less.

How much is a two-bedroom apartment in New Mexico?

A two-bedroom home in New Mexico costs around $21,00. A home's monthly mortgage payment includes approximately $1,340 for principal and interest, $390 for property taxes, and $190 for homeowners insurance, totaling around $1,920. Expect higher rents in popular areas like Nob Hill in Albuquerque or historic parts of Santa Fe. Some newer buildings may include community perks like fitness rooms or pet-friendly features.

What is the average price of utilities in New Mexico?

Utilities in New Mexico generally cost from $357 to $463 per month, including electricity, water, sewer, and trash. Cooling costs rise in the summer, especially in southern cities like Las Cruces. Most homes rely on swamp coolers or central AC, depending on the region and household preference.

How much is childcare in New Mexico?

If you’re moving to New Mexico, the average monthly cost for a single child often exceeds $800 and over $1,800 for two. Albuquerque has a mix of Montessori schools, private daycare centers, and home-based care options, with more affordable rates in smaller cities like Rio Rancho and Farmington.