Cost of Living in New Mexico 2023: Affordable Family Life for Working Parents.

New Mexico: A Unique and Affordable State for Families

The Cost of Living

New Mexico is a state with a unique culture and history. It’s no surprise that it’s an attractive place for families to live here. From the beautiful landscapes to the rich cultural heritage and delicious food, there is so much to love about living in New Mexico. However, before making the move, it’s important to consider the cost of living in the state.

For a family of four with both parents working, the cost of living in New Mexico can be manageable. However, it’s essential to budget effectively to ensure that bills are covered and there is money for family activities and savings. The average cost of a four-bedroom house rental is around $1,300 per month, and the average home price is around $220,000. Fortunately, utilities are quite affordable in New Mexico, with an average cost of around $120 per month. However, it’s worth noting that heating bills in the winter can be higher than average due to the colder temperature.

When it comes to grocery expenses, a family can expect to spend around $800 per month. Meanwhile, the average cost of childcare is about $750 per month, while school fees for two children can be around $600 annually. For transportation, families can budget about $150 per month for fuel costs.

Overall, the cost of living in New Mexico for a family of four can be affordable, especially compared to other states. However, it is important to budget effectively and plan for unexpected expenses.

Attractions and Opportunities

Aside from the cost of living, families are attracted to living in New Mexico for various reasons. The state’s natural beauty is a significant draw for families who enjoy outdoor activities such as hiking, camping, and biking. The state has a rich cultural history too, with vibrant communities and festivals that celebrate the diverse heritage of the region. Education is essential well-thought-of in New Mexico, with plenty of reputable schools to choose from.

Overall, living in New Mexico as a family can be a fulfilling and financially feasible option for parents who wish to raise their kids in an environment that values culture, history, and outdoor activities. With proper budgeting and the ability to manage expenses, families can make the most out of what the state has to offer without breaking the bank.

High-Paying Jobs in New Mexico

New Mexico is a unique state, with its beautiful desert landscapes and rich cultural heritage. Though the state is sometimes overshadowed by its larger and more famous neighbors, New Mexico offers plenty of opportunities for those who want to live and work here. If you’re looking for a high-paying job that is in demand in New Mexico, then you should take a look at the data provided by the Bureau of Labor Statistics (BLS) for 2022 annual income. Here are some of the top paying jobs in the state:

  • Management Occupations: With an average 2022 annual income of $113,214.40, management occupations are at the top of the list. This includes positions such as chief executives, general managers, and operations managers. These positions require a high level of education and experience, but they offer excellent pay and opportunities for advancement.
  • Computer and Information Systems Managers: If you’re interested in technology and have the skills to manage complex systems, then computer and information systems managers may be the perfect fit for you. These professionals earn an average income of $133,785.60, making them one of the highest-paid occupations in the state.
  • Marketing Managers: Marketing managers have a vital role in any business, as they are responsible for creating and implementing marketing campaigns that drive sales. In New Mexico, marketing managers earn an average income of $126,235.20, which is one of the highest-paying jobs in the state.
  • Industrial Production Managers: Industrial production managers oversee the manufacturing process, ensuring that it is efficient, safe, and profitable. These professionals earn an average income of $116,355.20 in New Mexico, making it an excellent option for those interested in industrial work.

While these jobs offer excellent salaries, it’s essential to keep in mind the cost of living in New Mexico. The state has a lower cost of living than many other states in the country, but it is still essential to do your research and make sure that you can afford to live comfortably. However, with an average income of over $100,000 for many of these top-paying jobs, you can have a high standard of living while enjoying all that New Mexico has to offer.

If you’re looking for work in other fields, there are still plenty of options available. New Mexico’s diverse economy means that there are jobs available in healthcare, education, renewable energy, tourism, and many other industries. Whatever field you’re interested in, you’re sure to find opportunities in this unique and beautiful state.


In conclusion, New Mexico offers plenty of opportunities for those looking for high-paying jobs. With management occupations, computer and information systems managers, marketing managers, industrial production managers, and many other fields offering attractive salaries, anyone can find a career path that fits their interests and skills. Just be sure to research your options and consider the cost of living before making any decisions.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.