New Mexico
Wage: $54,400 ($26.15/hr)
Home Price: $287,752
Rent: $1,326/mo
Overview
Overview of New Mexico
Homes in New Mexico are slightly below the national average in price at $287,752, and a dollar goes further than in many states ($108.90). New Mexico has a very high property crime rate of 29.84 incidents per 1,000 people.
Curious what your salary would look like after taxes in New Mexico? Try our free tax calculators.
Compared to the national average, New Mexico the difference in median home prices is -17.27% – positive being higher than the national average, negative being lower. The difference in the value of $100 is 5.41% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is -17.05% and property crime is 57.75%.
Counties
Bernalillo, Doña Ana, Sandoval
Zip Codes
87102, 87501, 87124
Popular Metro Area
Albuquerque
Most Populated City
Albuquerque
Median Home Price
$287,752
Value of $100
$108.9
Average Monthly Rent
$1,326
Property Crime Per 1000
29.84
Cost of Living
Cost of Living in New Mexico
The average monthly cost of living expenses in New Mexico including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$363
Energy Bill
$87.31
Monthly Water Bill
$32
Monthly Internet
$30
Natural Gas (Utilities)
$60
Monthly Phone Bill
$114
Streaming Services
$39.50
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Crime
Crime in New Mexico
Typical crime rates in New Mexico including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
2,117,522
Crime Rate Per 100k Residents
6462.03
Violent Crime Per 100k Residents
778.28
Non-Violent Crime Per 100k Residents
5683.754
Jobs
Jobs in New Mexico
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
1.58
Unemployment Rate (%)
3.93
Job Openings Level
61,000
Annual Average Wage
$54,400
Hourly Average Wage
$26.15
Labor Force Participation (%)
57.1
Taxes
Taxes in New Mexico
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
5%
Average Local Sales Tax
3%
Combined Sales Tax Rate
8%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.
