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New Mexico vs Tennessee: taxes, cost of living, laws
New Mexico
Moderate tax burden · COL index 91
Wins 8 categories
VS
Tennessee
Low tax burden · COL index 92
Wins 7 categories
Tennessee has no state income tax. New Mexico's top rate is 5.9%. Politically, Tennessee voted Republican in 2024 (R+24.0) while New Mexico went Democratic (D+10.0).
Taxes
5.9%
Income Tax (top rate)
None
0.55%/yr
Property Tax Rate
0.45%/yr
7.82%
Sales Tax (avg)
9.55%
Yes
Social Security Tax
Yes
Yes
Estate Tax
Yes
As income
Capital Gains Tax
None
Housing & Cost of Living
91
COL Index (100=avg)
92
$330K
Median Home Price
$350K
$1,250/mo
Median Rent (2BR/mo)
$1,400/mo
$2K/yr
Home Insurance (avg/yr)
$2K/yr
Crime & Safety
778
Violent Crime / 100K
668
3,286
Property Crime / 100K
2,752
130
Sex Offenders / 100K
389
217
Homeless / 100K
115
Healthcare
#49 of 50
Healthcare Quality Rank
#39 of 50
74.1 yrs
Life Expectancy
74.2 yrs
9.2%
Uninsured Rate
10.4%
Yes
Medicaid Expansion
No
Education
#46 of 50
K-12 Quality Rank
#41 of 50
No
School Choice / Vouchers
Yes
Childcare
$950/mo
Avg Infant Care / mo
$1,000/mo
Utilities & Daily Costs
$115/mo
Avg Energy Bill / mo
$130/mo
$460/mo
Avg Groceries / mo
$420/mo
#29 of 50
Road Quality Rank
#10 of 50
Social Policy
B-
Gun Laws Grade
F
D+10.0
2024 Presidential Margin
R+24.0
Category wins
8
New Mexico
7
Tennessee
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