New Mexico vs Arizona

Household income

Currently in

Moving to

Your $100,000 in New Mexico is worth

$108,460

at national prices · RPP 92.2BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

The same income in Arizona is worth

$99,305

at national prices · RPP 100.7BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API

Your income goes −$9,155 less far in Arizona (−8.4% purchasing power).

Show the math

adjusted = income ÷ (RPP ÷ 100)

New Mexico: $100,000 ÷ (92.2 ÷ 100) = $108,460

Arizona: $100,000 ÷ (100.7 ÷ 100) = $99,305

difference: $99,305 − $108,460 = −$9,155

Where the difference comes from

Price level by component, 100 = US average. Higher means more expensive.

Regional price parity by component for the two states, with the percentage difference.
Component	New Mexico	Arizona	Difference
All items	92.2	100.7	+9.2%
Housing rents	73.6	106.8	+45.1%
Goods	96.1	95.4	−0.7%
Utilities	77.9	92.3	+18.5%
Other services	98.5	102.8	+4.4%

BEA Regional Price Parities · SARPP · 2024 · rel. February 2026 · Official API

Housing reality check

Typical rent and home price in each state — tangible context beyond the index.

New MexicoMedian rent$1,067/moMedian home$248,100

ArizonaMedian rent$1,543/moMedian home$394,500

US Census ACS 5-Year Estimates · ACS5 · 2024 · rel. December 2025 · Official API

Tax at a glance

Hand-curated, tax year 2026 · verified 2026-07-20

Income and sales tax for the two states.
Tax	New Mexico	Arizona
Income tax (top rate)	5.90%	2.50%
Sales tax (combined avg)	7.67%	8.52%

Tax Foundation (income & sales) · Tax · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20

Official API Manually maintained2 of 3 metrics sourced from official APIs, 1 manually maintained. How every number is calculated →

New Mexico vs Arizona: the read

The bottom line

Move a $100,000 income from New Mexico to Arizona and its purchasing power changes from $108,460 to $99,305 in national-average terms — a loss of $9,155. New Mexico is the cheaper of the two, running at 92.2 on the price index versus 100.7.

Where the difference comes from

The widest gap is housing rents: New Mexico sits at 73.6 and Arizona at 106.8 (100 = national). New Mexico has the edge there, and it's the main reason the two states diverge.

Housing

Median rent runs $1,067 in New Mexico against $1,543 in Arizona, and the typical home $248,100 versus $394,500. New Mexico is the more affordable place to buy.

Taxes

On tax, New Mexico has 5.90% top income tax and a combined sales tax of 7.67%; Arizona has 2.50% top income tax and 8.52%. Weigh both against the purchasing-power figure above.

Full profiles: New Mexico ·Arizona. Every figure here is sourced on the pages linked above.

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