New Mexico

Cost of living, salaries, housing prices, taxes and population data for New Mexico. Official U.S. government data.

Population
2,114,768
Latest data · 39.2 median age
Median Household Income
$62,125
Rank #45 of 50 · 2026
Median Home Value
$232,200
$1,669/yr property tax

Living in New Mexico: labs, art and desert affordability

New Mexico revolves around federal labs at Los Alamos and Sandia, military bases, tourism and a growing film industry, with Albuquerque as the commercial center. Santa Fe adds art and second-home wealth. Federal dollars stabilize the economy.

Housing outside Santa Fe and Taos stays affordable, and everyday costs run low. Incomes trail the average and poverty remains a real challenge. New Mexico appeals to lab professionals, artists and remote workers drawn to culture and landscape over high pay.

Quick answers: New Mexico

How does New Mexico rank for household income?
The median household income in New Mexico is $62,125, ranking #45 of 50 states in 2026.
What is the median home value in New Mexico?
The median home value in New Mexico is $232,200, with a median annual property tax bill of $1,669.

New Mexico vs the national average

  • Income 18% below the national median ($75,561).
  • Median home value 15% below the national median ($272,900).

County Explorer — New Mexico

2026 · 33 areas
County / Area ↕Studio ↕1 BR ↕2 BR ↓3 BR ↕4 BR ↕
Click any row to view details ↓

2BR Rent Trend 2020–2026

County vs County

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Latest data for 2026 · Historical trends from past years to 2026. Disclaimer · Click any county for deep dive.

Frequently asked questions

What data does this page show?

Cost of living, median income, rent, home prices and taxes in New Mexico for 2026, with county explorer and historical trends from past years to 2026.

What is the cost of living in New Mexico?

Housing, rent, income and taxes for New Mexico with county explorer and trends — all on this page.

How to explore New Mexico counties?

Open the county table to sort fair rents and compare counties side by side.

How current are the figures?

All figures reflect 2026 and update automatically from official sources.

Where do the numbers come from?

All figures are compiled from official U.S. government public data and refreshed automatically. LifeIndexData is 100% free to use and fully independent: we are not affiliated with, sponsored by, or compensated by any bank, lender or financial institution, and advertising never influences our data or rankings.

How do I cite this page?

LifeIndexData. "New Mexico Cost of Living, Salary & Housing Data 2026" (2026). https://lifeindexdata.com/usa/states/new-mexico/

Is this financial advice?

No. All data is informational only — see our Disclaimer before making decisions.