Lowest Cost of Living Neighborhoods in New Mexico (2026 Rankings)
Utility costs are a key part of your monthly budget. We ranked 25 neighborhoods in New Mexico by electricity rate as a proxy for overall cost of living. Lower rates mean more money in your pocket.
Electricity Rate: 12.31¢/kWh
Median Rent: $3,425/mo
Home Value: $440,000
Median Income: $57,862
Electricity Rate: 12.31¢/kWh
Median Rent: $845/mo
Home Value: $240,000
Property Tax: $3,421/yr
Median Income: $52,911
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $188,100
Property Tax: $687/yr
Median Income: $44,427
4
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $148,400
Property Tax: $687/yr
Median Income: $52,983
5
Electricity Rate: 14.48¢/kWh
Median Rent: $668/mo
Home Value: $130,200
Property Tax: $687/yr
Median Income: $48,298
6
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $213,000
Median Income: $57,905
7
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $165,000
Property Tax: $687/yr
Median Income: $63,804
8
Electricity Rate: 14.48¢/kWh
Median Rent: $408/mo
Home Value: $109,500
Median Income: $41,250
9
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $137,100
Median Income: $55,631
10
Electricity Rate: 14.48¢/kWh
Median Rent: $787/mo
Median Income: $23,375
11
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $150,100
Median Income: $36,853
12
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $219,300
Property Tax: $687/yr
Median Income: $61,388
13
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $175,200
Property Tax: $687/yr
Median Income: $45,545
14
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $197,200
Property Tax: $687/yr
Median Income: $51,013
15
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $184,400
Property Tax: $687/yr
Median Income: $44,670
16
Electricity Rate: 14.48¢/kWh
Median Rent: $714/mo
Home Value: $246,700
Property Tax: $687/yr
Median Income: $78,978
17
Electricity Rate: 14.50¢/kWh
Median Rent: $934/mo
Home Value: $212,700
Median Income: $58,320
18
Electricity Rate: 14.50¢/kWh
Median Rent: $550/mo
Home Value: $72,500
Median Income: $43,594
19
Electricity Rate: 14.50¢/kWh
Median Rent: $714/mo
Home Value: $212,900
Property Tax: $687/yr
Median Income: $75,389
20
Electricity Rate: 14.50¢/kWh
Median Rent: $714/mo
Home Value: $90,200
Property Tax: $687/yr
Median Income: $44,219
21
Electricity Rate: 14.50¢/kWh
Median Rent: $642/mo
Home Value: $86,100
Median Income: $38,393
22
Electricity Rate: 14.50¢/kWh
Median Rent: $850/mo
Home Value: $224,800
Median Income: $36,033
23
Electricity Rate: 14.50¢/kWh
Median Rent: $714/mo
Home Value: $410,100
Property Tax: $687/yr
Median Income: $130,342
24
Electricity Rate: 14.50¢/kWh
Median Rent: $714/mo
Home Value: $143,500
Property Tax: $687/yr
Median Income: $58,358
25
Electricity Rate: 14.50¢/kWh
Median Rent: $714/mo
Home Value: $151,000
Property Tax: $687/yr
Median Income: $70,029
More New Mexico Guides
Safest Neighborhoods in New Mexico
ranked by lowest violent crime rates
Most Walkable Neighborhoods in New Mexico
ranked by Walk Score
Most Affordable Neighborhoods in New Mexico
ranked by affordability index
Best Neighborhoods for Families in New Mexico
ranked by safety, walkability, and homeownership
Best Neighborhoods for Retirees in New Mexico
ranked by safety and affordability
Neighborhoods with the Cleanest Air in New Mexico
ranked by Air Quality Index
Best Neighborhoods for Commuters in New Mexico
ranked by transit score
Best Neighborhoods for Biking in New Mexico
ranked by bike score
Quietest Neighborhoods in New Mexico
ranked by lowest road noise levels
Lowest Crime Neighborhoods in New Mexico
ranked by lowest property crime rates
Highest Homeownership Neighborhoods in New Mexico
ranked by homeownership rate
Most Affordable Rent Neighborhoods in New Mexico
ranked by lowest median rent
Highest Income Neighborhoods in New Mexico
ranked by median household income
Lowest Unemployment Neighborhoods in New Mexico
ranked by lowest unemployment rate
Best Climate-Resilient Neighborhoods in New Mexico
ranked by lowest climate risk score
Lowest Property Tax Neighborhoods in New Mexico
ranked by median annual property tax
Best Neighborhoods for First-Time Buyers in New Mexico
ranked by affordability index
Best Neighborhoods with Public Transit in New Mexico
ranked by transit score
Best Neighborhoods for Young Professionals in New Mexico
ranked by walkability score
Greenest Neighborhoods in New Mexico
ranked by best air quality
Most Populated Neighborhoods in New Mexico
ranked by population
Lowest Poverty Rate Neighborhoods in New Mexico
ranked by lowest poverty rate
Highest Home Value Neighborhoods in New Mexico
ranked by median home value
Most Affordable Housing Neighborhoods in New Mexico
ranked by lowest median home value
Safest Neighborhoods (Low Property Crime) in New Mexico
ranked by lowest property crime rates