Cost of Living in New Mexico

341 cities | Population: 1,816,508

Average Cost of Living Index (US = 100)

Median Income: $67,503

Cost of Living in New Mexico: Overview

New Mexico has a cost of living index of 86, making it 14% less expensive than the national average. The statewide median household income is $67,503 (10% below the US median of $75,149). Across 341 cities tracked in New Mexico, costs vary widely depending on location, proximity to metro areas, and local housing markets.

Housing drives most of the variation. The average median rent across New Mexico cities is $947/mo (28% below the national median of $1,319), and the average median home value is $235,274 (23% below the national figure of $304,900). There is a 86-point spread between the most affordable city, Zuni Pueblo (index 56), and the most expensive, Eldorado at Santa Fe (index 142) — a large gap that shows significant regional cost differences.

When evaluating New Mexico, it helps to look beyond the state average. Individual city costs can deviate significantly — use the map and rankings below to compare specific locations.

The largest cities in New Mexico by population are Albuquerque (index 88, pop. 562,488), Las Cruces (index 78, pop. 112,612), Rio Rancho (index 100, pop. 106,533), Santa Fe (index 109, pop. 88,224), and Roswell (index 69, pop. 47,823). Cost of living varies considerably even among these major population centers, highlighting the importance of comparing individual cities rather than relying on the state average alone.

Data: US Census Bureau (ACS 2023), Zillow, HUD, BEA Regional Price Parities. Updated monthly.

Cost of Living Map

Top 156 cities by population. Click a marker for details.

Most Expensive in New Mexico

1. Eldorado at Santa Fe (5,746) 142 2. Corrales (8,557) 114 3. White Rock (5,568) 111 4. Los Alamos (13,471) 110 5. Santa Fe (88,224) 109 6. Rio Rancho (106,533) 100 7. Los Ranchos de Albuquerque (5,869) 99 8. Taos (6,468) 95 9. North Valley (11,474) 89 10. Albuquerque (562,488) 88

Cheapest in New Mexico

1. Zuni Pueblo (6,132) 56 2. Anthony (8,701) 57 3. Deming (14,735) 60 4. Tucumcari (5,197) 60 5. Shiprock (8,339) 60 6. Truth or Consequences (6,026) 62 7. Grants (9,106) 65 8. Socorro (8,540) 66 9. Las Vegas (13,120) 66 10. Chaparral (16,642) 66

Best Places to Live in New Mexico (2026)

Our data-driven guide ranking the top 15 cities by affordability, income, housing, and climate.

All Cities in New Mexico (341)

City	Population	Cost Index	Median Income	Median Rent	Home Value
Albuquerque	562,488	88	$65,604	$1,085/mo	$266,700
Las Cruces	112,612	78	$55,176	$946/mo	$217,400
Rio Rancho	106,533	100	$85,755	$1,481/mo	$273,300
Santa Fe	88,224	109	$70,110	$1,380/mo	$411,500
Roswell	47,823	69	$50,294	$840/mo	$139,200
Farmington	46,339	79	$63,745	$993/mo	$225,400
Hobbs	39,887	81	$65,691	$1,132/mo	$180,700
Clovis	38,153	74	$54,029	$947/mo	$160,000
South Valley	36,605	78	$51,062	$942/mo	$205,200
Carlsbad	31,813	84	$78,277	$1,206/mo	$187,900
Alamogordo	31,063	72	$52,515	$886/mo	$163,600
Gallup	21,333	69	$57,466	$858/mo	$134,600
Los Lunas	17,932	87	$63,696	$1,157/mo	$232,700
Sunland Park	17,085	71	$52,147	$770/mo	$194,900
Chaparral	16,642	66	$46,102	$874/mo	$101,900
Deming	14,735	60	$35,920	$596/mo	$112,800
Los Alamos	13,471	110	$136,502	$1,304/mo	$458,200
Las Vegas	13,120	66	$42,732	$731/mo	$143,900
Artesia	12,555	76	$77,647	$875/mo	$213,800
Portales	12,023	69	$51,290	$870/mo	$132,900
North Valley	11,474	89	$67,115	$1,063/mo	$290,500
Lovington	11,444	78	$67,284	$1,063/mo	$162,900
Española	10,472	75	$47,664	$832/mo	$205,100
Silver City	9,574	71	$39,025	$851/mo	$160,900
Grants	9,106	65	$49,286	$750/mo	$123,600
Bernalillo	9,068	84	$61,624	$1,061/mo	$237,100
Anthony	8,701	57	$33,141	$550/mo	$110,800
Corrales	8,557	114	$114,207	$1,184/mo	$549,700
Socorro	8,540	66	$51,343	$675/mo	$162,400
Shiprock	8,339	60	$41,563	$693/mo	$101,500
Ruidoso	7,701	79	$50,259	$924/mo	$229,100
Belen	7,427	72	$40,354	$877/mo	$154,600
Bloomfield	7,391	69	$51,212	$831/mo	$167,800
Taos	6,468	95	$46,579	$915/mo	$432,700
Aztec	6,177	67	$42,699	$765/mo	$164,700
Zuni Pueblo	6,132	56	$43,021	$565/mo	$79,200
Edgewood	6,122	84	$81,227	$938/mo	$278,100
North Hobbs	6,099	85	$89,279	$1,109/mo	$233,200
Truth or Consequences	6,026	62	$29,142	$676/mo	$107,500
Raton	6,013	67	$52,007	$734/mo	$148,200
Santa Teresa	5,973	87	$60,759	$1,259/mo	$216,600
Los Ranchos de Albuquerque	5,869	99	$70,801	$990/mo	$442,100
Eldorado at Santa Fe	5,746	142	$96,692	$2,132/mo	$542,800
White Rock	5,568	111	$150,714	—	$460,100
Tucumcari	5,197	60	$39,915	$751/mo	$56,400
El Cerro Mission	5,101	80	$49,719	$1,289/mo	$101,000
Rio Communities	4,924	76	$46,223	$870/mo	$200,000
Paradise Hills	4,662	91	$74,403	$1,256/mo	$241,300
Los Chaves	4,641	79	$81,320	$860/mo	$240,500
Lee Acres	4,463	80	$50,846	$1,137/mo	$182,200
Crouch Mesa	4,419	55	$56,676	$597/mo	$76,800
Placitas CDP (Sandoval County)	4,375	132	$110,268	$1,869/mo	$520,200
Holloman AFB	4,052	95	$51,205	$1,236/mo	—
Bosque Farms	4,042	81	$63,889	$869/mo	$261,900
Meadow Lake	3,959	63	$38,872	$783/mo	$83,500
La Cienega	3,780	102	$68,676	$1,137/mo	$417,900
Kirtland AFB	3,421	112	$79,301	$1,788/mo	—
Peralta	3,385	96	$67,703	$1,327/mo	$275,000
Vado	3,185	57	$29,844	$545/mo	$108,300
El Cerro	3,093	88	$112,174	$1,045/mo	$291,800
Sandia Heights	3,083	175	$151,538	$3,000/mo	$623,500
Eunice	2,989	68	$49,795	$749/mo	$164,900
Crownpoint	2,924	49	$35,926	$469/mo	$49,900
Cannon AFB	2,876	96	$67,132	$1,272/mo	—
Agua Fria	2,842	89	$47,438	$1,143/mo	$264,900
Dulce	2,782	54	$41,886	$552/mo	$58,100
Chimayo	2,726	76	$52,305	$834/mo	$214,000
University Park	2,699	79	$25,433	$747/mo	—
Clayton	2,680	61	$40,192	$637/mo	$111,500
Ruidoso Downs	2,629	62	$31,413	$826/mo	$55,400
Tularosa	2,584	73	$45,147	$1,043/mo	$117,600
La Mesilla	2,531	86	$74,385	$1,015/mo	$266,900
West Hammond	2,519	83	$49,795	$1,221/mo	$185,800
Milan	2,473	63	$37,551	$828/mo	$71,300
Santa Rosa	2,447	57	$41,995	$538/mo	$101,800
Bayard	2,370	62	$33,269	$653/mo	$118,100
Center Point	2,366	86	$49,714	$1,290/mo	$206,300
Ranchos de Taos	2,348	97	$51,380	—	—
Pojoaque	2,274	74	$68,188	$945/mo	$154,300
Jemez Pueblo	2,273	88	$59,102	—	$190,000
Valencia CDP (Valencia County)	2,219	73	$70,521	$676/mo	$242,400
Flora Vista	2,215	91	$43,799	$1,474/mo	$195,200
La Plata	2,185	76	$54,801	$1,000/mo	$187,000
San Ysidro	2,179	85	$90,724	$931/mo	$306,900
Santo Domingo Pueblo	2,162	85	$85,865	—	$146,100
Lordsburg	2,139	64	$33,899	$803/mo	$86,100
Navajo	2,133	54	$28,917	$641/mo	$52,100
Questa	2,112	91	$41,071	—	$225,300
Arroyo Seco	2,107	126	$69,917	$1,687/mo	$525,500
Moriarty	2,074	64	$27,446	$725/mo	$106,600
Jal	2,069	76	$60,703	$1,155/mo	$105,400
Nambe	2,045	89	$45,341	$1,135/mo	$259,700
Angustura	2,024	76	$52,948	$979/mo	$191,300
Picacho Hills	1,995	107	$124,250	—	$438,600
Boles Acres	1,967	88	$65,673	—	$194,500
Jarales	1,939	63	$52,961	$560/mo	$166,100
Tres Arroyos	1,870	130	$88,289	—	$702,100
Mesilla	1,850	88	$73,681	$1,058/mo	$296,200
Thoreau	1,795	56	$43,953	$640/mo	$52,900
Las Campanas	1,792	262	$196,023	$3,501/mo	$1,502,700
Las Maravillas	1,776	88	$61,200	—	$191,300
Santa Clara	1,751	64	$46,094	$710/mo	$120,900
La Luz	1,683	56	$35,324	$615/mo	$60,800
La Huerta	1,673	107	$83,672	—	$421,600
Hatch	1,663	56	$40,625	$509/mo	$110,700
Radium Springs	1,661	65	$50,000	$747/mo	$132,100
Rio Rancho Estates	1,626	86	$90,172	—	$156,900
El Valle de Arroyo Seco	1,602	83	$69,556	$1,077/mo	$214,400
Barton	1,601	101	$83,849	—	$336,300
South River	1,594	88	$56,307	—	$215,000
Elephant Butte	1,586	81	$45,179	$1,169/mo	$166,800
Gamerco	1,583	77	$40,938	$646/mo	—
Tano Road	1,581	183	$166,649	$2,196/mo	$1,019,600
White Sands	1,577	96	$87,059	$1,288/mo	—
Dixon	1,551	102	$43,148	—	$362,300
Tome	1,525	95	$84,243	—	$272,400
Little Walnut Village	1,520	95	$100,170	—	$278,600
Upper Fruitland	1,496	78	$40,446	—	$91,700
High Rolls	1,463	92	$81,827	—	$245,600
Thunder Mountain	1,456	101	$44,757	—	$339,500
Keeler Farm	1,450	82	$43,750	—	$121,800
La Villita	1,440	93	$130,357	—	$259,500
Sandia Knolls	1,436	87	$102,801	$1,030/mo	$286,400
El Rancho	1,432	87	$78,594	$1,080/mo	$257,100
Berino	1,429	96	$37,614	—	—
San Felipe Pueblo	1,420	94	$55,385	—	$255,400
Church Rock	1,413	59	$35,417	$788/mo	$36,500
Paraje	1,405	97	$30,284	—	—
Estancia	1,399	66	$34,559	$823/mo	$95,800
Loving	1,317	84	$60,203	$1,231/mo	$177,400
McIntosh	1,310	86	$65,116	—	$164,700
Mountainair	1,308	68	$41,678	$906/mo	$97,000
Taos Pueblo	1,294	92	$36,979	$1,107/mo	$315,000
Cloudcroft	1,275	77	$38,428	$938/mo	$200,000
Capitan	1,262	70	$50,299	$914/mo	$128,800
Alamo	1,242	73	$24,427	—	$9,999
Waterflow	1,215	93	$60,278	$1,602/mo	$167,700
Iyanbito	1,213	56	$46,667	$630/mo	$58,500
Algodones	1,198	92	$63,750	—	$236,500
Ohkay Owingeh	1,178	209	$65,179	$421/mo	$2,000,001
Rock Springs	1,166	74	$93,333	—	$17,100
Doña Ana	1,154	80	$28,346	—	$107,500
Columbus	1,147	52	$24,554	$394/mo	$91,400
Pecos	1,145	76	$69,327	$729/mo	$260,000
Dexter	1,144	61	$61,118	$688/mo	$95,200
Hurley	1,137	63	$41,167	$807/mo	$82,900
Talpa	1,126	101	$59,323	—	$356,300
Black Rock	1,108	60	$55,350	$705/mo	$80,000
Spencerville	1,100	87	$60,708	$1,169/mo	$255,400
Springer	1,098	57	$48,188	$549/mo	$94,800
Ponderosa Pine	1,091	97	$83,864	—	$295,500
Angel Fire	1,089	105	$79,821	$1,120/mo	$476,200
Tesuque	1,087	138	$52,273	$1,095/mo	$877,600
Atoka	1,038	76	$69,959	$1,136/mo	$119,100
Santa Ana Pueblo	1,028	85	$72,188	—	$147,100
Santa Clara Pueblo	1,002	81	$42,083	$1,014/mo	$205,700
Twin Lakes	961	51	$22,917	$475/mo	$56,000
El Rito	961	95	$24,611	—	$273,700
Carrizozo	959	58	$26,121	$618/mo	$80,200
Cañoncito	946	117	$72,072	$1,700/mo	$402,400
Skyline-Ganipa	937	77	$66,071	—	$57,200
Arenas Valley	915	86	$74,107	—	$166,100
Isleta	909	86	$37,224	—	$159,900
Sunlit Hills	888	148	$146,750	$1,455/mo	$869,400
Texico	858	68	$63,958	$916/mo	$95,000
Logan	858	75	$27,885	$1,125/mo	$109,400
Cedar Grove	849	89	$63,070	—	$191,300
La Puebla	844	97	$86,083	—	$297,600
Carnuel	842	92	$89,432	—	$233,700
Cedar Hill	835	90	$83,611	—	$235,800
Salem	834	76	$56,103	—	$55,300
Chamita	829	73	$62,813	$725/mo	$230,700
Ventura	826	62	$24,342	$772/mo	$77,900
Mesita	823	98	$239,141	—	—
Mescalero	814	45	$28,167	$282/mo	$48,300
Monterey Park	814	98	$28,293	—	—
Hernandez	802	70	$24,259	$748/mo	$181,900
Zia Pueblo	793	91	$56,250	—	$220,500
Sausal	783	78	$95,705	$800/mo	$255,800
Indian Hills	778	85	$41,667	—	$152,800
Valle Vista	759	78	$36,481	$888/mo	$226,900
Cedar Crest	746	94	$143,750	—	$254,200
San Jose CDP (Rio Arriba County)	739	77	$57,019	$775/mo	$250,400
El Duende	730	97	$90,859	—	—
San Pablo	729	94	$83,056	—	$278,500
La Cueva CDP (Santa Fe County)	724	103	$105,385	—	$371,100
Cimarron	717	64	$40,673	$659/mo	$143,500
Las Tusas	716	84	$56,109	—	$140,100
Santa Fe Foothills	710	164	$192,630	—	$1,111,500
San Miguel	707	81	$55,219	—	$116,200
San Antonito CDP (Bernalillo County)	706	99	$61,250	—	$322,000
Peña Blanca	701	75	$73,750	$938/mo	$166,500
Tohatchi	695	53	$41,875	$606/mo	$51,500
Napi Headquarters	691	69	$28,194	$438/mo	—
McCartys Village	670	97	$43,845	—	—
San Ildefonso Pueblo	670	71	$73,333	$590/mo	$241,700
Tyrone	664	87	$46,250	—	$176,100
Acomita Lake	649	97	$81,797	—	—
Prewitt	645	75	$22,966	—	$30,300
Tortugas	642	96	$29,096	—	—
Rio Lucio	625	81	$43,750	$1,107/mo	$184,200
San Rafael	620	82	$65,966	—	$120,300
Peñasco	613	78	$38,750	$900/mo	$219,600
Paa-Ko	612	134	$217,946	—	$744,500
White Cliffs	610	84	$93,095	$868/mo	—
Sedillo	610	111	$139,375	—	$463,500
Chamberino	601	73	$60,694	$836/mo	$195,800
Williamsburg	599	58	$36,023	$650/mo	$75,200
Hagerman	599	58	$68,750	$640/mo	$72,900
Wagon Mound	587	76	$41,823	$611/mo	—
Mesquite	584	79	$68,330	—	$96,900
Kirtland	575	82	$91,111	$943/mo	$280,000
Midway	571	87	$37,955	—	$176,400
Glorieta	559	107	$48,571	—	$421,100
La Mesa	548	57	$40,694	$532/mo	$108,700
Vaughn	548	49	$26,300	$438/mo	$45,800
Melrose	536	55	$33,333	$548/mo	$78,600
Pueblitos	534	87	$64,821	—	$176,000
Sundance	527	75	$35,833	—	$36,100
Fruitland	521	84	$138,500	—	$160,000
Mora	518	90	$69,063	—	$213,600
Cuyamungue	511	92	$67,125	$1,071/mo	$324,000
Conejo	507	175	$101,685	$2,029/mo	$987,000
Brimhall Nizhoni	497	78	$44,167	—	$67,500
Cañada de los Alamos	487	110	$80,460	—	$450,400
Tijeras	483	81	$75,398	$919/mo	$250,000
Peak Place	483	74	$50,417	—	$13,600
Mount Taylor	482	97	$110,083	—	—
Cochiti	481	90	$44,688	—	$207,600
Yah-ta-hey	480	74	$42,903	—	$21,400
Placitas CDP (Doña Ana County)	473	70	$14,907	$462/mo	—
Pinehill	466	58	$32,167	$604/mo	$95,800
La Madera CDP (Sandoval County)	459	136	$157,813	—	$765,000
Ramah	458	90	$111,462	—	$222,400
Cochiti Lake	453	95	$54,861	$1,482/mo	$208,100
Ojo Encino	451	69	$28,750	$930/mo	$93,300
Fort Wingate	451	90	$250,001	$1,088/mo	—
Nenahnezad	451	77	$37,212	—	$81,900
Jacona	441	100	$71,691	$1,000/mo	$452,600
Lake Arthur	438	64	$81,875	$728/mo	$113,900
Lemitar	432	97	$92,201	—	—
Lobo Canyon	431	86	$88,951	—	$164,500
Blanco	427	88	$52,125	—	$214,500
Tesuque Pueblo	427	56	$61,875	$480/mo	$98,100
Cañon	424	128	$97,007	—	$670,500
Cordova	418	85	$23,426	—	$150,000
Cedro	417	97	$117,846	—	$296,300
Mimbres	409	87	$77,244	—	$181,800
Naschitti	401	57	$30,833	$538/mo	$128,200
Puerto de Luna	401	92	$250,001	—	$240,900
Sandia Park	383	105	$134,118	—	$390,000
Ojo Amarillo	380	79	$21,488	$789/mo	—
Maxwell	370	55	$36,691	$545/mo	$77,900
Sheep Springs	369	63	$28,750	$825/mo	$97,500
Newcomb	369	51	$28,333	$617/mo	$18,400
Chamisal	367	75	$40,833	$875/mo	$198,800
Pleasanton	363	94	$58,967	—	$263,600
Haystack	347	81	$19,074	—	$109,300
Madrone	345	77	$18,241	—	$48,000
Vadito	340	74	$57,083	$1,000/mo	$143,800
North Acomita Village	338	77	$43,000	—	$52,700
Hyde Park	338	163	$182,446	—	$1,100,000
Cuyamungue Grant	331	90	$96,786	$779/mo	$401,900
San Pedro	331	108	$72,303	—	$432,100
Ribera	324	88	$53,250	—	$186,700
North San Ysidro	323	94	$94,000	—	$270,000
Reserve	323	84	$40,357	—	$145,800
Roy	321	68	$40,227	$1,055/mo	$50,600
Jemez Springs	318	92	$97,500	$1,167/mo	$285,300
Quemado	309	97	$65,605	—	—
Chupadero	309	98	$99,828	—	—
San Lorenzo	308	91	$93,125	—	$231,300
Glen Acres	306	84	$100,982	—	$138,400
Nageezi	279	55	$10,921	$692/mo	$46,600
Truchas	278	92	$39,632	$1,140/mo	—
Hanover	276	80	$32,194	—	$95,400
Gallina	273	94	$130,071	—	$264,300
Jaconita	272	80	$97,500	$950/mo	$227,900
Eagle Nest	270	77	$47,708	$950/mo	$190,000
Rincon	260	96	$55,785	—	—
Sanostee	259	73	$52,917	—	$36,800
Ponderosa	252	98	$49,583	—	—
Nakaibito	251	59	$31,250	$775/mo	$45,000
Villanueva	250	82	$28,665	—	$114,500
Turley	250	80	$46,900	—	$120,300
Velarde	248	97	$63,707	—	—
Bluewater	241	94	$121,083	—	$268,100
Alcalde	237	93	$45,781	$1,375/mo	$231,300
Cotton City	236	88	$56,688	—	$191,700
Pueblo Pintado	229	95	$40,972	$1,219/mo	—
Santa Cruz	225	67	$34,750	$550/mo	$209,400
Hillsboro	220	90	$16,038	—	$219,400
Arroyo Hondo CDP (Santa Fe County)	214	151	$125,750	—	$952,500
Middle Mesa	212	92	$46,758	—	$258,600
Edith Enclave	203	90	$95,000	$1,125/mo	$282,700
White Signal	200	93	$92,500	—	$250,000
Virden	192	89	$112,500	—	$203,800
Animas	191	83	$100,500	—	$137,500
Beclabito	191	95	$59,063	—	—
Chili	185	94	$61,806	—	$270,900
Causey	183	78	$32,813	—	$71,700
Lindrith	170	97	$58,750	—	—
Alamillo	168	81	$31,447	—	$111,800
Corona	167	80	$28,542	—	$85,600
Canjilon	158	102	$162,813	—	$361,500
Nogal	156	83	$30,982	—	$135,400
Nara Visa	153	97	$25,341	—	—
Jamestown	152	82	$51,779	—	$117,300
Organ	151	81	$240,903	—	$121,500
Elida	151	76	$51,818	—	$46,300
Torreon CDP (Torrance County)	150	98	$41,573	—	—
Chical	148	98	$83,304	—	—
Nadine	146	92	$108,164	—	$239,800
Crestview	144	90	$123,644	—	$220,400
Encantado	140	142	$196,058	—	$846,900
San Jon	136	80	$53,750	—	$101,000
Sombrillo	136	96	$184,643	—	$287,500
Casas Adobes	133	86	$31,875	—	$164,100
Cliff	132	93	$41,964	—	$252,300
Floyd	131	97	$55,956	—	—
Oasis	123	97	$11,490	—	—
Catalpa Canyon	119	97	$151,250	—	—
Los Cerrillos	115	98	$39,542	—	—
Grady	106	60	$68,605	$625/mo	$104,200
Hope	99	97	$103,393	—	—
Mountain View CDP (Cibola County)	98	97	$23,333	—	—
Des Moines	92	97	$60,938	—	—
Cañones	91	115	$98,750	—	$525,000
Anzac Village	89	97	$107,321	—	—
Lake Valley	87	89	$80,739	—	$225,000
La Cueva CDP (Sandoval County)	82	95	$250,001	—	$268,200
Luis Lopez	82	90	$76,595	—	$216,400
Capulin	79	97	$34,808	—	—
Windmill	65	97	$76,250	—	—
Rio en Medio	64	98	$195,750	—	—
Folsom	56	97	$93,750	—	—
Dora	54	97	$59,886	—	—
Grenville	40	81	$114,167	—	$107,500
Pueblo	39	97	$99,250	—	—
Mosquero	38	79	$19,375	—	$85,000
Seton Village	29	152	$131,528	—	$968,800