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New Mexico vs California

A comprehensive side-by-side comparison of cost of living, wages, taxes, and housing between New Mexico and California. Updated for 2026.

Quick Summary

New Mexico is 47.7% cheaper to live in than California. However, California has a higher median household income ($87,200 vs $54,020). Average rent for a 1-bedroom is $900/mo in New Mexico vs $1,850/mo in California.

Cost of Living Index

94.5

New Mexico

142.2

California

33.5% lower in New Mexico

Minimum Wage ($/hr)

$12

New Mexico

$16.9

California

29.0% lower in New Mexico

Median Household Income

$54,020

New Mexico

$87,200

California

38.1% lower in New Mexico

Average 1BR Rent ($/mo)

$900

New Mexico

$1,850

California

51.4% lower in New Mexico

State Sales Tax Rate

5.13%

New Mexico

7.25%

California

29.3% lower in New Mexico

Frequently Asked Questions

Is New Mexico or California cheaper to live in?expand_more

New Mexico has a lower cost of living index (94.5 vs 142.2), making it approximately 33.5% cheaper than California overall.

What is the minimum wage difference between New Mexico and California?expand_more

New Mexico has a minimum wage of $12/hr while California has $16.9/hr. The difference is $4.90/hr.

Which state has higher median income: New Mexico or California?expand_more

California has a higher median household income at $87,200, compared to $54,020 in New Mexico.

Explore Individual States

New Mexico

Minimum Wage Salary Calculator Unemployment Data

California

Minimum Wage Salary Calculator Unemployment Data

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