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Interstate Relocation: Illinois → New Mexico

Moving from Illinois to New Mexico: Cost & Tax Comparison

Compare state income tax savings, HUD rent differentials, and household purchasing power adjustments when relocating from Illinois to New Mexico.

Data updated · Sources: HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Effective Tax Rate Change -1.2 pts NM vs IL, $100k single
Annual Tax Savings +$1,236 Federal + FICA + state, $100k
1BR Rent Change +3.4% Avg 1BR $1,089 vs $1,053/mo
Net Annual Difference +$808 Tax savings + 1BR rent savings

What changes when you move from Illinois to New Mexico

Illinois has a flat 4.95% income tax and New Mexico has graduated income tax rates up to 5.9%. On a $100,000 salary a single filer pays $4,805 in state income tax in Illinois and $3,569 in state income tax in New Mexico. With federal income tax and FICA unchanged, total tax falls by $1,236 a year after the move. HUD's one-bedroom Fair Market Rent averages $1,053 a month across Illinois's metro areas and $1,089 across New Mexico's (+3.4%). Pay differs too: the BLS median wage across all occupations, weighted by employment in each state's metros, is $54,104 in Illinois and $47,141 in New Mexico. City and county income taxes, which some localities add, are not included in these state-level figures; the metro routes below include them.

Origin State: Illinois

Illinois Paycheck & Living Costs

Paycheck Living Cost Salaries
Destination State: New Mexico

New Mexico Paycheck & Living Costs

Paycheck Living Cost Salaries
Reverse Corridor Analysis:
Moving from New Mexico to IllinoisNational Relocation Hub

Metropolitan Corridors Between Illinois & New Mexico

Chicago-Naperville-Elgin, IL-IN → Albuquerque, NM On $100k: $1,236 less tax and $8,016 less 1BR rent a year
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Chicago-Naperville-Elgin, IL-IN → Las Cruces, NM On $100k: $1,236 less tax and $9,660 less 1BR rent a year
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Peoria, IL → Albuquerque, NM On $100k: $1,236 less tax and $1,812 more 1BR rent a year
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Peoria, IL → Las Cruces, NM On $100k: $1,236 less tax and $168 more 1BR rent a year
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Moving from Illinois to New Mexico: Cost & Tax Comparison Overview

Moving from Illinois to New Mexico on a $100,000 salary: pay $1,236 less in total taxes per year; average one-bedroom rent is $1,089 vs $1,053 a month (HUD.

Quick answers
How much money will I save moving from Illinois to New Mexico?

For a single filer earning $100,000 with no local income tax, total federal, FICA and state taxes are $1,236 lower in New Mexico than in Illinois (1.2 percentage points of gross pay). The average HUD one-bedroom Fair Market Rent across New Mexico's metros is $1,089 a month, versus $1,053 in Illinois (+3.4%). Taxes and one-bedroom rent combined change by +$808 a year.

What are the key tax differences between Illinois and New Mexico?

Illinois: Flat Tax, top rate 4.95%. New Mexico: Graduated Brackets, top rate 5.9%. Federal income tax and FICA are the same in both states.