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New Mexico vs Virginia: taxes, cost of living, laws
New Mexico
Moderate tax burden · COL index 91
Wins 6 categories
VS
Virginia
Moderate tax burden · COL index 102
Wins 8 categories
Cost of living in Virginia (index 102) runs 12% higher than New Mexico (index 91).
Taxes
5.9%
Income Tax (top rate)
5.75%
0.55%/yr
Property Tax Rate
0.74%/yr
7.82%
Sales Tax (avg)
5.73%
Yes
Social Security Tax
Yes
Yes
Estate Tax
Yes
As income
Capital Gains Tax
As income
Housing & Cost of Living
91
COL Index (100=avg)
102
$330K
Median Home Price
$390K
$1,250/mo
Median Rent (2BR/mo)
$1,700/mo
$2K/yr
Home Insurance (avg/yr)
$1K/yr
Crime & Safety
778
Violent Crime / 100K
197
3,286
Property Crime / 100K
1,617
130
Sex Offenders / 100K
341
217
Homeless / 100K
81
Healthcare
#49 of 50
Healthcare Quality Rank
#16 of 50
74.1 yrs
Life Expectancy
77.9 yrs
9.2%
Uninsured Rate
8.1%
Yes
Medicaid Expansion
Yes
Education
#46 of 50
K-12 Quality Rank
#10 of 50
No
School Choice / Vouchers
No
Childcare
$950/mo
Avg Infant Care / mo
$1,550/mo
Utilities & Daily Costs
$115/mo
Avg Energy Bill / mo
$140/mo
$460/mo
Avg Groceries / mo
$530/mo
#29 of 50
Road Quality Rank
#13 of 50
Social Policy
B-
Gun Laws Grade
A-
D+10.0
2024 Presidential Margin
D+3.0
Category wins
6
New Mexico
8
Virginia
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