The cost of living in New Mexico is lower than the national average. State of New Mexico salaries average $42,599.00, indicating a pay rate that is lower than the U.S. average annual salary by $11,022.00.
The consumer price index (CPI) of 223 in New Mexico is 8.98% lower than the U.S. city average CPI of 245. The sales tax is 5.13%.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average New Mexico annual salary, sales tax rates and the regional consumer price index.
