New Mexico
Moderate tax burden · COL index 91
Wins 5 categories
Utah
Moderate tax burden · COL index 101
Wins 8 categories
New Mexico's top income tax rate is 5.9% vs Utah's 4.65%. Cost of living in Utah (index 101) runs 11% higher than New Mexico (index 91). The median home in Utah costs $500K vs $330K in New Mexico. Politically, Utah voted Republican in 2024 (R+13.0) while New Mexico went Democratic (D+10.0).
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Utilities & Daily Costs
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Category wins
5
New Mexico
8
Utah
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Is it cheaper to live in New Mexico or Utah?
Overall cost of living in Salt Lake City, UT is 8.3% higher than in Albuquerque, NM. The average listing price for a home in Salt Lake City, UT is $676,022, which is 47.4% higher than Albuquerque, NM.
Is moving to New Mexico a good idea?
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