Arizona vs New Mexico: taxes, cost of living, laws

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).

Arizona

New Mexico

Taxes

2.5%

Income Tax (top rate)

5.9%

0.51%/yr

Property Tax Rate

0.55%/yr

8.37%

Sales Tax (avg)

7.82%

Yes

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

As income

Housing & Cost of Living

102

COL Index (100=avg)

$420K

Median Home Price

$330K

$1,600/mo

Median Rent (2BR/mo)

$1,250/mo

$2K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

474

Violent Crime / 100K

778

2,624

Property Crime / 100K

3,286

144

Sex Offenders / 100K

130

194

Homeless / 100K

217

Healthcare

#34 of 50

Healthcare Quality Rank

#49 of 50

76.3 yrs

Life Expectancy

74.1 yrs

10.8%

Uninsured Rate

9.2%

Yes

Medicaid Expansion

Yes

Education

#45 of 50

K-12 Quality Rank

#46 of 50

Yes

School Choice / Vouchers

Childcare

$1,150/mo

Avg Infant Care / mo

$950/mo

Utilities & Daily Costs

$145/mo

Avg Energy Bill / mo

$115/mo

$490/mo

Avg Groceries / mo

$460/mo

#28 of 50

Road Quality Rank

#29 of 50

Social Policy

Gun Laws Grade

B-

R+5.0

2024 Presidential Margin

D+10.0

Category wins

Arizona

New Mexico

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