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

Maine

High tax burden · COL index 107

Wins 7 categories

New Mexico

Moderate tax burden · COL index 91

Wins 8 categories

Maine's top income tax rate is 7.15% vs New Mexico's 5.9%. Cost of living in Maine (index 107) runs 18% higher than New Mexico (index 91). Property taxes are meaningfully different: Maine averages 1.04% annually vs New Mexico's 0.55%.

Maine

New Mexico

Taxes

7.15%

Income Tax (top rate)

5.9%

1.04%/yr

Property Tax Rate

0.55%/yr

5.5%

Sales Tax (avg)

7.82%

Yes

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

As income

Housing & Cost of Living

107

COL Index (100=avg)

$360K

Median Home Price

$330K

$1,500/mo

Median Rent (2BR/mo)

$1,250/mo

$900/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

109

Violent Crime / 100K

778

1,187

Property Crime / 100K

3,286

213

Sex Offenders / 100K

130

192

Homeless / 100K

217

Healthcare

#7 of 50

Healthcare Quality Rank

#49 of 50

77.8 yrs

Life Expectancy

74.1 yrs

6.9%

Uninsured Rate

9.2%

Yes

Medicaid Expansion

Yes

Education

#14 of 50

K-12 Quality Rank

#46 of 50

Yes

School Choice / Vouchers

Childcare

$1,350/mo

Avg Infant Care / mo

$950/mo

Utilities & Daily Costs

$175/mo

Avg Energy Bill / mo

$115/mo

$560/mo

Avg Groceries / mo

$460/mo

#24 of 50

Road Quality Rank

#29 of 50

Social Policy

B-

Gun Laws Grade

B-

D+6.0

2024 Presidential Margin

D+10.0

Category wins

Maine

New Mexico

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