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New Mexico Yearly Expenses by Quarter
Category:
State:
Multi-State
Control #:
US-174-AZ
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Word;
PDF;
Rich Text
Instant download
Description
How to fill out Yearly Expenses By Quarter?
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FAQ
Texas is 1.4% more expensive than New Mexico.
The income needed to live comfortably in New Mexico is $42,445. 50% of this is for necessities, 30% is for discretionary spending, and 20% is for savings. According to Living Wage, a single person with no children can live off of $13.97 per hour in Mexico, or $26,880 a year.
Income needed to live comfortably: $42,445 (down $1,450 from 2016)
The income needed to live comfortably in New Mexico is $42,445. 50% of this is for necessities, 30% is for discretionary spending, and 20% is for savings. According to Living Wage, a single person with no children can live off of $13.97 per hour in Mexico, or $26,880 a year.
The majority of New Mexico enjoys a lower cost of living than the national average. Albuquerque is more expensive than other areas in New Mexico. The cost of living in Albuquerque is $50,000 to $60,000 per year. Housing costs in Albuquerque, New Mexico average nearly $20,000 every year.
Low Cost of Living New Mexico is renowned for its low cost of living, about 3.1% lower than the national average. The average home in New Mexico costs roughly $151,000.
The cost of living in New Mexico is 9% lower than the national average. Housing is 16% lower than the national average, while utilities are 10% lower. When it comes to basic necessities such as food and clothing, groceries are around 8% lower than in the rest of the country, while clothing costs 8% lower.
