New Mexico
Moderate tax burden · COL index 91
Wins 8 categories
Nevada
Low tax burden · COL index 101
Wins 4 categories
Nevada has no state income tax. New Mexico's top rate is 5.9%. Cost of living in Nevada (index 101) runs 11% higher than New Mexico (index 91). The median home in Nevada costs $415K vs $330K in New Mexico. Politically, Nevada voted Republican in 2024 (R+3.0) while New Mexico went Democratic (D+10.0).
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Utilities & Daily Costs
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Category wins
8
New Mexico
4
Nevada
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Is it cheaper to live in Nevada or New Mexico?
Overall cost of living in Las Vegas, NV is 1.3% lower than in Albuquerque, NM. The average listing price for a home in Las Vegas, NV is $562,215, which is 22.6% higher than Albuquerque, NM. The average cost of groceries in Las Vegas, NV is 5.2% higher than Albuquerque, NM.
Why are so many people moving out of Nevada?
Is moving to New Mexico a good idea?
What is the safest part of New Mexico to live in?