Summary of The Cost of Living in New Mexico, United States
• The average monthly cost of living for a single person in New Mexico is $3,369.00 including rent, or $2,019.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in New Mexico is $4,752.00 including rent, or $3,402.00 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in New Mexico is $6,652.00 including rent, or $4,897.00 excluding rent.
• The average yearly cost of living in New Mexico ranges from $40,428.00 for a single person to $57,024.00 for a couple, and $79,824.00 for a family of four, including rent. Excluding rent, the yearly range is $24,228.00 for a single person to $40,824.00 for a couple, and $58,764.00 for a family of four.
• For budget-conscious living in New Mexico, baseline monthly expenses range from $2,011.00 for a single person to $2,822.00 for a couple, and $3,963.00 for a family of four, including rent. Excluding rent, the range is $1,111.00 for a single person to $1,922.00 for a couple, and $2,793.00 for a family of four.
• For comfortable/luxury living in New Mexico, estimated monthly expenses range from $5,645.00 for a single person to $8,093.50 for a couple, and $11,298.00 for a family of four, including rent. Excluding rent, the range is $3,745.00 for a single person to $6,193.50 for a couple, and $8,828.00 for a family of four.
• The average monthly salary for a person in New Mexico is $4,670.00, which is 131.3% more than the average monthly cost of living and 320.3% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |