New Mexico · Population 112,612 · Updated March 2026
How far your income goes in Las Cruces
State-level tax rates that affect your costs
Las Cruces is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 68 (where 100 equals the national median), Las Cruces residents can expect to pay median rent of $946/month while earning a median household income of $55,176/year.
The median home value in Las Cruces, NM is $217,400, with typical monthly owner costs around $974 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
New Mexico has a moderate income tax rate of 5.9%. Combined with a 5.0% sales tax rate and 0.67% effective property tax rate, the overall tax environment is a factor in the total cost of living in Las Cruces.
Common questions about living costs in Las Cruces
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