Cost of living in New Mexico
Rent, taxes, earnings and more across all 33 New Mexico counties.
Last updated May 21, 2026
Taxes in New Mexico
State income, sales and local tax rates.
New Mexico has a graduated state income tax ranging from 1.7% to 5.9%.
Use our salary calculator to see your take-home pay in New Mexico
Tax information is for general reference. Consult a qualified tax professional for advice on your specific situation.
Rent in New Mexico
The average one-bedroom rent across New Mexico is $853/mo. Rent varies from $711/mo in De Baca County to $1,368/mo in Santa Fe County.
Cheapest places to live in New Mexico
Top 10 counties by estimated single-person monthly cost.
- #1 Sierra County$2,292/moRent$711/mo Income$37,840/yr#1 Sierra County $2,292/mo $711/mo $37,840/yr
- #2 Catron County$2,408/moRent$764/mo Income$46,439/yr#2 Catron County $2,408/mo $764/mo $46,439/yr
- #3 Socorro County$2,409/moRent$764/mo Income$47,556/yr#3 Socorro County $2,409/mo $764/mo $47,556/yr
- #4 De Baca County$2,417/moRent$711/mo Income$40,804/yr#4 De Baca County $2,417/mo $711/mo $40,804/yr
- #5 Luna County$2,437/moRent$762/mo Income$37,917/yr#5 Luna County $2,437/mo $762/mo $37,917/yr
- #6 Grant County$2,440/moRent$753/mo Income$45,921/yr#6 Grant County $2,440/mo $753/mo $45,921/yr
- #7 Roosevelt County$2,452/moRent$711/mo Income$52,445/yr#7 Roosevelt County $2,452/mo $711/mo $52,445/yr
- #8 Colfax County$2,506/moRent$843/mo Income$52,690/yr#8 Colfax County $2,506/mo $843/mo $52,690/yr
- #9 Lincoln County$2,515/moRent$790/mo Income$51,643/yr#9 Lincoln County $2,515/mo $790/mo $51,643/yr
- #10 Hidalgo County$2,526/moRent$764/mo Income$49,076/yr#10 Hidalgo County $2,526/mo $764/mo $49,076/yr
Rankings include rent, utilities, groceries, transport, healthcare and taxes. See our methodology.
Most expensive places to live in New Mexico
Top 10 counties by estimated single-person monthly cost.
- #1 Los Alamos County$4,094/moRent$1,074/mo Income$143,188/yr#1 Los Alamos County $4,094/mo $1,074/mo $143,188/yr
- #2 Santa Fe County$3,234/moRent$1,368/mo Income$74,689/yr#2 Santa Fe County $3,234/mo $1,368/mo $74,689/yr
- #3 Sandoval County$3,099/moRent$1,084/mo Income$84,053/yr#3 Sandoval County $3,099/mo $1,084/mo $84,053/yr
- #4 Bernalillo County$3,043/moRent$1,084/mo Income$66,514/yr#4 Bernalillo County $3,043/mo $1,084/mo $66,514/yr
- #5 Eddy County$2,995/moRent$931/mo Income$79,605/yr#5 Eddy County $2,995/mo $931/mo $79,605/yr
- #6 Valencia County$2,911/moRent$1,084/mo Income$58,333/yr#6 Valencia County $2,911/mo $1,084/mo $58,333/yr
- #7 Lea County$2,806/moRent$862/mo Income$68,750/yr#7 Lea County $2,806/mo $862/mo $68,750/yr
- #8 Torrance County$2,795/moRent$1,084/mo Income$46,250/yr#8 Torrance County $2,795/mo $1,084/mo $46,250/yr
- #9 Harding County$2,716/moRent$764/mo Income$41,250/yr#9 Harding County $2,716/mo $764/mo $41,250/yr
- #10 Doña Ana County$2,711/moRent$940/mo Income$55,663/yr#10 Doña Ana County $2,711/mo $940/mo $55,663/yr
Highest earning counties in New Mexico
Top 10 by average household income.
- #1 Los Alamos County$143,188/yrCost$4,094/mo Rent$1,074/mo#1 Los Alamos County $143,188/yr $4,094/mo $1,074/mo
- #2 Sandoval County$84,053/yrCost$3,099/mo Rent$1,084/mo#2 Sandoval County $84,053/yr $3,099/mo $1,084/mo
- #3 Eddy County$79,605/yrCost$2,995/mo Rent$931/mo#3 Eddy County $79,605/yr $2,995/mo $931/mo
- #4 Santa Fe County$74,689/yrCost$3,234/mo Rent$1,368/mo#4 Santa Fe County $74,689/yr $3,234/mo $1,368/mo
- #5 Lea County$68,750/yrCost$2,806/mo Rent$862/mo#5 Lea County $68,750/yr $2,806/mo $862/mo
- #6 Bernalillo County$66,514/yrCost$3,043/mo Rent$1,084/mo#6 Bernalillo County $66,514/yr $3,043/mo $1,084/mo
- #7 Taos County$58,908/yrCost$2,595/mo Rent$934/mo#7 Taos County $58,908/yr $2,595/mo $934/mo
- #8 Valencia County$58,333/yrCost$2,911/mo Rent$1,084/mo#8 Valencia County $58,333/yr $2,911/mo $1,084/mo
- #9 Curry County$56,259/yrCost$2,669/mo Rent$805/mo#9 Curry County $56,259/yr $2,669/mo $805/mo
- #10 Doña Ana County$55,663/yrCost$2,711/mo Rent$940/mo#10 Doña Ana County $55,663/yr $2,711/mo $940/mo
All 33 counties in New Mexico
Sorted by population. Type to filter.
- Bernalillo County Pop674,357 Rent$1,084/mo Income$66,514/yr Cost$3,043/mo
- Doña Ana County Pop221,665 Rent$940/mo Income$55,663/yr Cost$2,711/mo
- Santa Fe County Pop155,175 Rent$1,368/mo Income$74,689/yr Cost$3,234/mo
- Sandoval County Pop151,538 Rent$1,084/mo Income$84,053/yr Cost$3,099/mo
- San Juan County Pop121,178 Rent$855/mo Income$53,020/yr Cost$2,670/mo
- Valencia County Pop77,382 Rent$1,084/mo Income$58,333/yr Cost$2,911/mo
- Lea County Pop73,154 Rent$862/mo Income$68,750/yr Cost$2,806/mo
- McKinley County Pop71,172 Rent$799/mo Income$44,496/yr Cost$2,559/mo
- Otero County Pop68,235 Rent$761/mo Income$52,717/yr Cost$2,558/mo
- Chaves County Pop64,446 Rent$737/mo Income$52,029/yr Cost$2,543/mo
- Eddy County Pop61,114 Rent$931/mo Income$79,605/yr Cost$2,995/mo
- Curry County Pop47,932 Rent$805/mo Income$56,259/yr Cost$2,669/mo
- Rio Arriba County Pop40,165 Rent$711/mo Income$53,901/yr Cost$2,636/mo
- Taos County Pop34,516 Rent$934/mo Income$58,908/yr Cost$2,595/mo
- Grant County Pop27,856 Rent$753/mo Income$45,921/yr Cost$2,440/mo
- Cibola County Pop27,059 Rent$783/mo Income$51,765/yr Cost$2,638/mo
- San Miguel County Pop27,036 Rent$843/mo Income$47,400/yr Cost$2,568/mo
- Luna County Pop25,420 Rent$762/mo Income$37,917/yr Cost$2,437/mo
- Lincoln County Pop20,227 Rent$790/mo Income$51,643/yr Cost$2,515/mo
- Los Alamos County Pop19,374 Rent$1,074/mo Income$143,188/yr Cost$4,094/mo
- Roosevelt County Pop19,002 Rent$711/mo Income$52,445/yr Cost$2,452/mo
- Socorro County Pop16,308 Rent$764/mo Income$47,556/yr Cost$2,409/mo
- Torrance County Pop15,290 Rent$1,084/mo Income$46,250/yr Cost$2,795/mo
- Colfax County Pop12,336 Rent$843/mo Income$52,690/yr Cost$2,506/mo
- Sierra County Pop11,511 Rent$711/mo Income$37,840/yr Cost$2,292/mo
- Quay County Pop8,616 Rent$711/mo Income$43,698/yr Cost$2,537/mo
- Guadalupe County Pop4,379 Rent$826/mo Income$40,149/yr Cost$2,531/mo
- Mora County Pop4,176 Rent$764/mo Income$50,178/yr Cost$2,580/mo
- Hidalgo County Pop4,097 Rent$764/mo Income$49,076/yr Cost$2,526/mo
- Union County Pop4,039 Rent$768/mo Income$45,319/yr Cost$2,552/mo
- Catron County Pop3,685 Rent$764/mo Income$46,439/yr Cost$2,408/mo
- De Baca County Pop1,580 Rent$711/mo Income$40,804/yr Cost$2,417/mo
- Harding County Pop748 Rent$764/mo Income$41,250/yr Cost$2,716/mo
Compare any two areas in New Mexico
Put two counties side by side to see how rent, taxes and everyday costs stack up.
Open comparison toolFrequently asked questions about New Mexico
Common questions about cost of living, taxes and rent.
What is the cost of living in New Mexico?
The average cost of living in New Mexico is approximately $2,680 per month for a single person. This includes rent, utilities, groceries, transportation, healthcare and taxes. Costs range from $2,292/mo in Sierra County to $4,094/mo in Los Alamos County.
What is the average rent in New Mexico?
The average one-bedroom rent in New Mexico is $853 per month, based on HUD Fair Market Rent data across all 33 counties.
What is the average salary in New Mexico?
The average household income in New Mexico is $55,469 per year, according to U.S. Census Bureau data.
Does New Mexico have state income tax?
Yes, New Mexico has a graduated income tax ranging from 1.7% to 5.9%.
What is the sales tax in New Mexico?
The combined state and local sales tax rate in New Mexico averages 7.72%. The state rate is 5.00% with an average local addition of 2.72%.
What are the cheapest places to live in New Mexico?
The cheapest counties to live in New Mexico based on overall monthly costs are: 1. Sierra County ($2,292/mo), 2. Catron County ($2,408/mo), 3. Socorro County ($2,409/mo), 4. De Baca County ($2,417/mo), 5. Luna County ($2,437/mo).
What are the most expensive places to live in New Mexico?
The most expensive counties to live in New Mexico based on overall monthly costs are: 1. Los Alamos County ($4,094/mo), 2. Santa Fe County ($3,234/mo), 3. Sandoval County ($3,099/mo), 4. Bernalillo County ($3,043/mo), 5. Eddy County ($2,995/mo).
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About this data
All figures on this page come from official U.S. government sources.
- U.S. Census Bureau (ACS 5-Year Estimates)
- HUD Fair Market Rents FY2025
- Energy Information Administration (EIA)
- Tax Foundation state and local rates