Published: Monday, 21th October 2024
The cost of living in New Mexico is 1.51 times less expensive as compared to New Jersey.
In this page, you will find side-by-side cost comparison between New Mexico and New Jersey covering various aspects. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between New Mexico and New Jersey.
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Indicators | New Mexico | New Jersey |
---|---|---|
1 BHK Apartment in City Center | 1,050 USD | 2,000 USD |
2 BHK Apartment in City Center | 1,400 USD | 2,700 USD |
3 BHK Apartment in City Center | 1,900 USD | 3,500 USD |
1 BHK Apartment outside City Center | 800 USD | 1,600 USD |
2 BHK Apartment outside City Center | 1,100 USD | 2,200 USD |
3 BHK Apartment outside City Center | 1,500 USD | 3,000 USD |
Mortgage Rates Per Month | 6.3 % | 6.5 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | 0.67 % | 2.23 % |
The average housing cost in New Mexico is 1.94 times less expensive than New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Basic Home Furnishing | 2,000 USD | 3,500 USD |
Electricity Cost Per Month | 120 USD | 120 USD |
Heating Cost Per Month | 90 USD | 140 USD |
Cooling Cost Per Month | 110 USD | 110 USD |
Water Supply Cost Per Month | 45 USD | 70 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 39.97% less for Utilities.
The basic home furnishing in New Mexico costs 1.75 times less compared to New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Standard Wifi Cost Per Month | 60 USD | 60 USD |
Mobile Phone Basic Plan Cost Per Month | 60 USD | 50 USD |
Landline Basic Plan Cost Per Month | 30 USD | 30 USD |
Cable TV Basic Plan Cost Per Month | 65 USD | 75 USD |
The internet and communication costs 0.00% less in New Mexico compared to New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Long Grain Rice (1 KG) | 3.10 USD | 4 USD |
Milk (1 Liter) | 1.20 USD | 1.20 USD |
Water (1 Liter) | 1 USD | 1 USD |
Bread (500 gm) | 2.40 USD | 2.50 USD |
Eggs (1 Dozen) | 3.50 USD | 3 USD |
Cheese (1 KG) | 10.50 USD | 10 USD |
Chicken Breast (1 KG) | 8.50 USD | 8.50 USD |
In New Mexico, the cost of 1 Liter Water and 1 Liter Milk is 1.00 times less expensive than the cost in New Jersey.
If you lived in New Mexico, instead of New Jersey, you would have to pay 0.00% less for Groceries.
Indicators | New Mexico | New Jersey |
---|---|---|
Apples (1 KG) | 4.20 USD | 4.50 USD |
Bananas (1 KG) | 1.40 USD | 1.70 USD |
Oranges (1 KG) | 3.80 USD | 3.50 USD |
Tomatoes (1 KG) | 4.50 USD | 4.20 USD |
Potatoes (1 KG) | 2 USD | 2 USD |
Lemons (1 KG) | 3 USD | 3.50 USD |
Onions (1 KG) | 2 USD | 1.40 USD |
Lentils (1 KG) | 3 USD | 4 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.04 times less for Fruits and Vegetables.
Indicators | New Mexico | New Jersey |
---|---|---|
Meal at a Resonable Restaurant | 15 USD | 15 USD |
Three-Course Meal for Two | 55 USD | 60 USD |
Fast Food Combo Meal | 8 USD | 8 USD |
Normal Coffee | 3.50 USD | 3 USD |
Soft Drink | 1.80 USD | 1.80 USD |
Pizza for One | 13 USD | 15 USD |
Take-Out Delivery Meal | 10 USD | 18 USD |
Cigarette Pack of 20 | 7 USD | 9.50 USD |
Dining-Out costs 13.05% less in New Mexico compared to New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Wine Mid-Range Bottle | 12 USD | 12 USD |
Glass of Wine | 8 USD | 7 USD |
Domestic Beer Half Liter | 2.80 USD | 2.50 USD |
Imported Beer Half Liter | 3.50 USD | 3.50 USD |
Domestic Alcohol 1 Liter | 21 USD | 20 USD |
Branded Alcohol 1 Liter | 28 USD | 30 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.00 times more for usual hard drinks.
Indicators | New Mexico | New Jersey |
---|---|---|
Monthly Public Transportation Pass | 50 USD | 85 USD |
Single Public Transportation Ticket | 2 USD | 2.50 USD |
Single Train Ticket | 30 USD | 15 USD |
Domestic Airplane Ticket | 230 USD | 250 USD |
Taxi Start Fare | 3.50 USD | 3 USD |
Taxi Rate Per Kilometer | 1.60 USD | 1.20 USD |
Car Rental Per Day | 45 USD | 45 USD |
Parking Fees in City Center Per Hour | 3 USD | 2.50 USD |
Parking Fees outside City Center Per Hour | 1 USD | 1.20 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.11 times less for transportation.
Indicators | New Mexico | New Jersey |
---|---|---|
Reasonable Vehicle Purchase Cost | 27,000 USD | 30,000 USD |
Vehicle Registration Cost | 90 USD | 200 USD |
Driving License Fees | 35 USD | 24 USD |
Car Insurance Cost | 100 USD | 135 USD |
Car Maintainence Cost | 500 USD | 350 USD |
Car Loan Interest Rates | 3.9 % | 4 % |
Fuel Per Liter | 1 USD | 1.20 USD |
Fuel Per Gallon | 4 USD | 4.50 USD |
Average Toll Fees | 3.50 USD | 1.50 USD |
You would have to pay 1.11 times less for Vehicle purchase, daily operation and maintainence in New Mexico compared to that of New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Doctor Visit | 110 USD | 120 USD |
Specialist Visit | 150 USD | 220 USD |
Dentist Visit | 130 USD | 150 USD |
Eye Exam | 80 USD | 75 USD |
Mental Health Counseling | 130 USD | 100 USD |
Preventive Health Screening | 100 USD | 200 USD |
Physical Therapy | 110 USD | 90 USD |
Emergency Room Visit | 520 USD | 1,000 USD |
Hospital Stay Per Night | 1,600 USD | 2,500 USD |
Vaccinations | 75 USD | 60 USD |
Prescription Medication | 20 USD | 60 USD |
Over the Counter Medication | 10 USD | 12 USD |
Health Insurance Premiums | 420 USD | 420 USD |
Health Insurance Deductibles | 580 USD | 1,000 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.49 times less for Health and Medical Treatment.
Indicators | New Mexico | New Jersey |
---|---|---|
Cosmetic Procedures | 1,000 USD | 1,500 USD |
Spa Treatment | 80 USD | 70 USD |
Manicure Pedicure Cost | 40 USD | 35 USD |
Optical Glasses Cost | 220 USD | 180 USD |
Contact Lenses Cost | 60 USD | 80 USD |
Haircuts | 25 USD | 25 USD |
Hair Coloring | 55 USD | 70 USD |
Shampoo Price | 5.20 USD | 7 USD |
Toothpaste Price | 2.30 USD | 3.50 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.32 times less for Personal Care Items and Treatment.
Indicators | New Mexico | New Jersey |
---|---|---|
Pair of Nike Running Shoes | 75 USD | 90 USD |
Men's Shirt | 48 USD | 40 USD |
Women's Dress | 53 USD | 50 USD |
Summer Dress | 43 USD | 35 USD |
Men's Suit | 320 USD | 250 USD |
Men's Jeans | 58 USD | 55 USD |
Women's Jeans | 58 USD | 60 USD |
Men's Formal Shoes | 105 USD | 110 USD |
Women's Formal Shoes | 105 USD | 90 USD |
Men's Casual Shoes | 68 USD | 65 USD |
Women's Casual Shoes | 68 USD | 50 USD |
Underwear For Men | 15 USD | 12 USD |
Underwear For Women | 21 USD | 12 USD |
Socks For Men | 6 USD | 7 USD |
Socks For Women | 6 USD | 7 USD |
Wintercoat for Adults | 105 USD | 100 USD |
Sportswear | 52 USD | 50 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.11 times more for Clothing and Footwear for Adults.
Indicators | New Mexico | New Jersey |
---|---|---|
Children's Jeans | 30 USD | 30 USD |
Children's Normal Sneakers | 40 USD | 35 USD |
Children's Winter Coat | 53 USD | 45 USD |
Daycare for Infant | 850 USD | 1,200 USD |
Daycare for Toddler | 750 USD | 1,000 USD |
Childcare for Sick Days | 80 USD | 80 USD |
Early Childhood Education Programs | 850 USD | 600 USD |
Extra Curricular Activities | 160 USD | 130 USD |
Summer Camp for Kids | 550 USD | 1,200 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.28 times less for Childcare and kids clothing.
Indicators | New Mexico | New Jersey |
---|---|---|
PreSchool Fees | 650 USD | 800 USD |
Primary School Fees | 550 USD | 12,500 USD |
Secondary School Fees | 680 USD | 16,000 USD |
Private School Fees | 13,000 USD | 20,000 USD |
University Tuition Fees | 10,000 USD | 10,000 USD |
University Private Tuition Fees | 32,000 USD | 35,000 USD |
After School Activities | 250 USD | 220 USD |
Special Education Services | 1,050 USD | 700 USD |
Tutoring | 40 USD | 35 USD |
Textbooks Cost | 120 USD | 80 USD |
School Supplies | 110 USD | 70 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.63 times less for school and education.
Indicators | New Mexico | New Jersey |
---|---|---|
Movie Ticket (Single) | 10 USD | 12 USD |
Theater Ticket (Single) | 38 USD | 60 USD |
Concert Ticket (Single) | 60 USD | 70 USD |
Sports Event Ticket (Single) | 50 USD | 80 USD |
Gym Membership | 40 USD | 45 USD |
Swimming Pool Access | 20 USD | 8 USD |
Museum Entry Ticket | 15 USD | 12 USD |
Zoo Entry Ticket | 12 USD | 8 USD |
Amusement Park Entry Ticket | 50 USD | 50 USD |
Bowling | 25 USD | 18 USD |
Mini Golf | 12 USD | 10 USD |
Video Games | 60 USD | 50 USD |
Streaming Services | 15 USD | 12 USD |
Outdoor Equipment Rental | 30 USD | 35 USD |
Theme Park Annual Pass | 100 USD | 210 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.27 times less for entertainment, recreation and fun activities.
Indicators | New Mexico | New Jersey |
---|---|---|
Language Classes | 220 USD | 120 USD |
Parenting Classes | 50 USD | 60 USD |
Art Classes | 20 USD | 35 USD |
Fitness Classes | 20 USD | 20 USD |
Music Lessons | 30 USD | 35 USD |
Dance Lessons | 28 USD | 35 USD |
Reading Materials for Classes | 15 USD | 12 USD |
Educational Software | 110 USD | 40 USD |
If you lived in New Mexico, instead of New Jersey, you would have to pay 1.38 times more for Private Classes.
Indicators | New Mexico | New Jersey |
---|---|---|
Average Gross Monthly Salary | 5,100 USD | 7,500 USD |
Average Net Monthly Salary | 4,200 USD | 6,000 USD |
Minimum Wages | 10.50 USD per hour | 17 USD per hour |
Average Bonus | 3,600 USD | 3,000 USD |
Income Tax Rate | 1.70 to 5.90 % | 1.40 to 10.75 % |
Social Security Contributions | 6.2 % | 6.2 % |
Pension Contributions | 4 % | 5 % |
Cost of Living Index | 90 | 120 |
Median Household Income | 59,726 USD | 96,346 USD |
If you lived in New Mexico, you would earn 1.55 times less salary as compared to New Jersey.
Indicators | New Mexico | New Jersey |
---|---|---|
Legal Consultation Per Hour Rate | 220 USD | 300 USD |
Accounting Services Per Hour Rate | 150 USD | 175 USD |
IT Support Services Per Hour Rate | 130 USD | 90 USD |
Technician Services Per Hour Rate | 85 USD | 50 USD |
Professional Services cost 1.05 times less in New Mexico, as compared to New Jersey.
We hope you enjoyed the detailed guide on the cost of living comparsion between New Mexico and New Jersey.
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