If you want a great retirement, why not move to the Land of Enchantment? New Mexico is a state with a lot going for it. First, it has a diverse environment, with rich forests in some areas and vast deserts in others. The same applies to its weather, where you can experience all four seasons. Because of this, it's created a unique culture that you can explore in your retirement. Another reason New Mexico is a great place to retire is that it can be affordable. See below as we break down all the living costs in New Mexico.
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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 indices
100 = US average. Higher means more expensive.
Housing & rent
Statewide medians and averages.
Whether you're comparing options for a parent or planning ahead for yourself, here's where to start by care level.
Assisted living provides personal care, meals, and daily support for seniors who need help with everyday tasks but not full medical supervision.
Memory care is a specialized type of senior living for people with Alzheimer's disease, dementia, or other cognitive decline.
Independent living is community housing for active seniors who want amenities, social life, and freedom from home upkeep without daily personal-care services.
Home care brings personal-care services and companionship into the senior's own home rather than moving them into a community.
A skilled nursing facility (SNF, often called a nursing home) provides 24-hour licensed medical care and rehabilitation for seniors with serious health conditions.
Senior apartments are age-restricted rental homes - typically for residents 55+ or 62+ - designed for older adults who live independently.
Browse by city
Hand-picked from our directory
Albuquerque, NM
4.3 · 46 reviews
Rio Rancho, NM
4.8 · 43 reviews
Albuquerque, NM
4.0 · 41 reviews
Rio Rancho, NM
4.7 · 34 reviews
Albuquerque, NM
4.1 · 34 reviews
Albuquerque, NM
4.1 · 32 reviews
Caregivers who come to you
55+ housing without daily care
Local pricing
Median monthly cost of assisted living, sourced from public data. Actual community pricing varies by apartment size, level of care, and amenities.
| City | Avg. monthly cost |
|---|---|
| Abiquiu | $6,113.00 |
| Alamogordo | $6,010.00 |
| Albuquerque | $6,010.00 |
| Alcalde | $6,010.00 |
| Algodones | $6,010.00 |
| Alto | $5,955.00 |
| Amalia | $5,928.00 |
| Amistad | $5,272.00 |
| Angel Fire | $4,999.00 |
| Animas | $4,917.00 |
| Anthony | $4,917.00 |
| Anton Chico | $4,887.00 |
| Aragon | $4,753.00 |
| Arenas Valley | $4,521.00 |
| Arrey | $4,370.00 |
| Arroyo Hondo | $4,261.00 |
| Arroyo Seco | $4,020.00 |
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