Cost of Living in Las Cruces, NM

How far does a $70,000 salary go in Las Cruces? Estimated income taxes on that gross salary total approximately $9,676 per year — combining federal taxes with New Mexico's state income tax. Subtract rent for a 2-bedroom apartment ($1,042/month based on HUD Fair Market Rents for the Las Cruces metro area) and the estimated annual take-home is $47,820, or roughly $3,985 per month for everything else: food, transportation, savings, and discretionary spending.

The Las Cruces metro has a cost of living index of 71.3 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 29% below the national average, Las Cruces is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Las Cruces represents approximately 18% of gross income. That is well within the 30% rule of thumb that financial advisors typically recommend, leaving significant room for savings and discretionary spending.