New Mexico Cost of Living 2026

Here is how New Mexico compares to the national average across major spending categories. An index above 100 means the category is more expensive than average, while below 100 means it is more affordable.

Key Takeaways for New Mexico

• Housing (86.4): Housing costs are well below the national average, making New Mexico one of the more affordable states for housing.
• Groceries (96.8): Grocery prices are close to the national average with minimal impact on your budget.
• Transportation (96.2): Transportation costs are near the national average.
• Healthcare (91.5): Healthcare costs are below the national average, which can be a significant advantage for families and retirees.
• Utilities (92.8): Utility costs are below the national average, helping to keep monthly expenses manageable.

Biggest Factor in New Mexico

The most expensive category in New Mexico relative to national averages is Groceries at an index of 96.8, while the most affordable is Housing at 86.4.