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New Mexico

Moderate tax burden · COL index 91

Wins 7 categories

VS

Rhode Island

High tax burden · COL index 114

Wins 6 categories

Cost of living in Rhode Island (index 114) runs 25% higher than New Mexico (index 91). Property taxes are meaningfully different: Rhode Island averages 1.3% annually vs New Mexico's 0.55%. The median home in Rhode Island costs $430K vs $330K in New Mexico.

New Mexico
Rhode Island

Taxes

5.9%
Income Tax (top rate)
5.99%
0.55%/yr
Property Tax Rate
1.3%/yr
7.82%
Sales Tax (avg)
7%
Yes
Social Security Tax
No
Yes
Estate Tax
No
As income
Capital Gains Tax
As income

Housing & Cost of Living

91
COL Index (100=avg)
114
$330K
Median Home Price
$430K
$1,250/mo
Median Rent (2BR/mo)
$1,800/mo
$2K/yr
Home Insurance (avg/yr)
$1K/yr

Crime & Safety

778
Violent Crime / 100K
237
3,286
Property Crime / 100K
1,527

Healthcare

#49 of 50
Healthcare Quality Rank
#4 of 50
74.1 yrs
Life Expectancy
78.1 yrs
9.2%
Uninsured Rate
4.7%
Yes
Medicaid Expansion
Yes

Education

#46 of 50
K-12 Quality Rank
#13 of 50
No
School Choice / Vouchers
No

Childcare

$950/mo
Avg Infant Care / mo
$1,750/mo

Utilities & Daily Costs

$115/mo
Avg Energy Bill / mo
$195/mo
$460/mo
Avg Groceries / mo
$610/mo
#29 of 50
Road Quality Rank
#50 of 50

Social Policy

B-
Gun Laws Grade
B
D+10.0
2024 Presidential Margin
D+17.0

Category wins

7

New Mexico

6

Rhode Island

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Annual Income

$150K

Affects effective income tax rate

$0$500K$5M+

Retirement Savings

$0

Affects pension and SS tax burden

None$500K$10M+

Social Security

None

Annual Social Security benefit

None$150K/yr

My Property Is Worth

$400K

Affects property tax burden

Tax burden ↓$1M$50M+

Home Buying Budget

$400K

Compared to state median home price

Hard to find$250K$5M+

Monthly Rent Budget

Don't care

Compared to state median 2BR rent

Don't care$10K/mo

Job Market

Don't care

State unemployment and job growth

Don't careHot market

Airport Access

Don't care

Direct flight destinations from state hubs

Don't careMust have hub

City vs Country

Mid-size city

% urban population

Deep countryBig city

Sunshine

Don't care

Annual sunny days per state

Don't careMax sunshine

Food Scene

Don't care

Restaurants per 100K residents

Don't careWorld-class

Political Preference

Neutral

State's political lean

LiberalConservative

Gun Laws

Neutral

State gun law grade (Giffords)

Gun Control2A Freedom

Abortion Access

Neutral

State abortion access policy

Pro-ChoiceNeutralPro-Life

Community

None

Congregations per 100K residents

AvoidDon't careSeek

Sports & Entertainment

Don't care

Pro sports teams and major venues

Don't careMust have pro teams

Cannabis Laws

Neutral

State cannabis legality

Prefer LegalNeutralPrefer Prohibition

Retiree Community

Neutral

% population 65+ (Census)

Young areaRetirement-heavy

Dating Market

Neutral

% adults never-married (Census)

Singles sceneFamily community

Safety / Low Crime

Don't care

Violent crime rate per 100K (FBI)

Don't careVery safe

School Quality

Don't care

K-12 rank (Education Week)

Don't careTop-ranked

Healthcare Access

Don't care

Healthcare system rank (Commonwealth Fund)

Don't careTop-ranked

Childcare Affordability

Don't care

Cost of living proxy for childcare affordability

Don't careMust be affordable