New Mexico Cost Of Living Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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New Mexico Cost Of Living Statistics 2023: Facts about Cost Of Living in New Mexico reflect the current socio-economic condition of the state.

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LLCBuddy editorial team did hours of research, collected all important statistics on New Mexico Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a New Mexico LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will New Mexico Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top New Mexico Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 7 New Mexico Cost Of Living Statistics on this page 🙂

New Mexico Cost Of Living “Latest” Statistics

  • Gas prices and bus tickets are 8% less than the national average for both types of transportation costs.[1]
  • The cost of housing in New Mexico is 16% less than the national average.[2]

New Mexico Cost Of Living “Price” Statistics

  • Sunland Park has a 7.6% unemployment rate, yet those who are working struggle with low family incomes and plummeting property prices.[3]
  • In Santa Fe, the average selling price of a single-family house climbed by 10.7% in 2020 compared to 2019.[2]
  • Given that their median house price is 5% less than the national average and is only at $187,00, New Mexico can brag about having some of the lowest home prices in the country.[3]

New Mexico Cost Of Living “Living” Statistics

  • Living expenses are somewhat higher in Albuquerque than the national average since the average there is 7.5% lower.[2]

New Mexico Cost Of Living “Other” Statistics

  • More than half of New Mexico’s population aged 60 and older is a person of color, the fourth highest proportion in the nation and much higher than the 27.6% average for the whole us.[4]

Also Read

Reference

  1. payscale – https://www.payscale.com/cost-of-living-calculator/New-Mexico-Albuquerque
  2. upnest – https://www.upnest.com/1/post/cost-of-living-new-mexico/
  3. californiamoversusa – https://californiamoversusa.com/resources/moving-to-new-mexico/
  4. seniorliving – https://www.seniorliving.org/new-mexico/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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