Compare My CityCost of Living in New Mexico
We track 4 metro areas in New Mexico. The average of the 4 metros we track in New Mexico is 93.0 on the BEA's overall price index — 7.0% below the US average of 100. Farmington, NM is the least expensive at 87.7, while Santa Fe, NM is the most expensive at 98.8. Figures reflect 2024 data from the US Bureau of Economic Analysis.
See all states or the full A–Z list of metros.
Metro areas in New Mexico
| Metro | Overall RPP | vs US avg |
|---|---|---|
| Albuquerque, NM | 95.5 | −4.5% |
| Farmington, NM | 87.7 | −12.3% |
| Las Cruces, NM | 90.2 | −9.8% |
| Santa Fe, NM | 98.8 | −1.2% |