Cost of Living: Richardson, TX vs Las Cruces, NM (2026)

Richardson

Texas
128
VS

Las Cruces

New Mexico
68

Richardson is 88% more expensive than Las Cruces.

$1,825/mo ↑ 93%
Median Rent
$946/mo ↓ 48%
$96,257/yr ↑ 74%
Median Income
$55,176/yr ↓ 43%
$405,600 ↑ 87%
Home Value
$217,400 ↓ 46%
$1,796/mo ↑ 84%
Owner Costs
$974/mo ↓ 46%
118,269
Population
112,612

Tax Comparison

0%
Income Tax
5.9%
6.25%
State Sales Tax
5.0%
1.6%
Property Tax
0.67%

Affordability

22.8%
rent-to-income
Affordability
20.6%
rent-to-income

Detailed Comparison

When comparing Richardson, TX and Las Cruces, NM, the overall cost of living indices are 128 and 68 respectively (national median = 100). Rent is $879/month cheaper in Las Cruces, saving renters about $10,548/year.

Median household income is $41,081/year higher in Richardson. Home values also differ significantly — the median in Richardson is $405,600 compared to $217,400 in Las Cruces.

Texas has no state income tax, giving Richardson residents a significant tax advantage over New Mexico's 5.9% rate.

Frequently Asked Questions

Richardson vs Las Cruces — common questions

Is Richardson or Las Cruces cheaper to live in?
Based on our cost index, Las Cruces is cheaper to live in with an index of 68 compared to 128 (US average = 100).
What is the rent difference between Richardson and Las Cruces?
Median rent in Richardson is $1,825/month and in Las Cruces it's $946/month — a difference of $879/month.
Which city has higher income, Richardson or Las Cruces?
Median household income is $96,257 in Richardson and $55,176 in Las Cruces. Median household income is $41,081/year higher in Richardson.
How do taxes compare between Texas and New Mexico?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax.
Should I move to Richardson or Las Cruces?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/mo, while Las Cruces has a cost index of 68 with rent of $946/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richardson details → View Las Cruces details →

More Comparisons

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