Overall, the cost of living is nearly 13 points below the national average. In every area, including average rent, New Mexico is cheaper. One of the most significant differences in the cost of housing, which is nearly 16 points below the national average. The median home cost is also over $100K less than the rest of the country. So if you're looking for a place where you can buy a cheap home, you're in luck. Of course, this depends on where you want to retire, but in most cases, you will be paying a lot less.
|COST OF LIVING||New Mexico||United States|
|Median Home Cost||$171,400||$291,700|