Arizona
Moderate tax burden · COL index 102
Wins 6 categories
New Mexico
Moderate tax burden · COL index 91
Wins 8 categories
New Mexico's top income tax rate is 5.9% vs Arizona's 2.5%. Cost of living in Arizona (index 102) runs 12% higher than New Mexico (index 91). The median home in Arizona costs $420K vs $330K in New Mexico. Politically, Arizona voted Republican in 2024 (R+5.0) while New Mexico went Democratic (D+10.0).
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Category wins
6
Arizona
8
New Mexico
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Overall cost of living in Phoenix, AZ is 8.7% higher than in Albuquerque, NM. The average listing price for a home in Phoenix, AZ is $607,541, which is 32.4% higher than Albuquerque, NM. The average cost of groceries in Phoenix, AZ is 5.0% higher than Albuquerque, NM.