New Mexico vs Texas
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 Texas is worth
$102,987
at national prices · RPP 97.1BEA RPP SARPPSource: BEA Regional Price Parities · SARPP · 2024 vintage · released February 2026 · Official API
Your income goes −$5,473 less far in Texas (−5.0% purchasing power).
Show the math
Where the difference comes from
Price level by component, 100 = US average. Higher means more expensive.
| Component | New Mexico | Texas | Difference |
|---|---|---|---|
| All items | 92.2 | 97.1 | +5.3% |
| Housing rents | 73.6 | 96.5 | +31.1% |
| Goods | 96.1 | 98.1 | +2.1% |
| Utilities | 77.9 | 87.5 | +12.3% |
| Other services | 98.5 | 97.1 | −1.4% |
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.
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
| Tax | New Mexico | Texas |
|---|---|---|
| Income tax (top rate) | 5.90% | None |
| Sales tax (combined avg) | 7.67% | 8.20% |
Tax Foundation (income & sales) · Tax · 2026 · rel. tax year 2026 · Manually maintained · verified 2026-07-20
New Mexico vs Texas: the read
The bottom line
Move a $100,000 income from New Mexico to Texas and its purchasing power changes from $108,460 to $102,987 in national-average terms — a loss of $5,473. New Mexico is the cheaper of the two, running at 92.2 on the price index versus 97.1.
Where the difference comes from
The widest gap is housing rents: New Mexico sits at 73.6 and Texas at 96.5 (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 $1,403 in Texas, and the typical home $248,100 versus $283,800. 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%; Texas has no wage income tax and 8.20%. That income-tax difference can outweigh a chunk of the cost-of-living gap for higher earners.
Full profiles: New Mexico ·Texas. Every figure here is sourced on the pages linked above.
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