New Mexico
Cost of Living in New Mexico
Last updated on Feb 17, 2023
Summary: The cost of living in New Mexico is generally considered to be lower than the national average. A nice 1 bedroom apartment in New Mexico can cost anywhere from $600 to $1,000 per month, while a nice 2 bedroom apartment can cost anywhere from $800 to $1,500 per month. The cost of dinner at a moderately priced restaurant in New Mexico can range from $15 to $30 per person.
What are typical rental prices for expats in New Mexico?
"The rental price for a nice 1 bedroom apartment in New Mexico can range from around $500 to $700 a month, depending on the size and location. For a nice 2 bedroom apartment, the rental price in New Mexico can range from around $800 to $1200 a month, again depending on the size and location," commented one expat who moved to New Mexico.
What appliances are typically included in a rental?
We asked foreigners in New Mexico what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in New Mexico, tenants may find a refrigerator, stove, and washer/dryer. Additionally, there may be a dishwasher and air conditioning unit installed. Lighting fixtures, window coverings such as curtains, and ceiling fans are also common features of rental homes in New Mexico," said one expat living in New Mexico.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
