🏗️ Real Estate Analysis Calculators New Mexico

New Mexico Home Renovation Cost Calculator

Estimate home renovation costs in New Mexico with local labor rates. Kitchen, bathroom, basement, roof, and whole-house remodel estimates.

Free — No Sign-up Verified Data Editorially Reviewed Updated
New Mexico Quick Facts
5.9% Income Tax Rate
0.80% Property Tax Rate
$54,020 Median Income
94.6 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Renovation cost estimates for New Mexico using a labor cost index of 94.6 (100 = national average). Labor costs in New Mexico are near the national average. Cost split: 40% materials, 50% labor, 2% permits, 10% contingency.

Key State Information

New Mexico renovation costs are near the national average. Labor cost index: 94.6/100. A standard kitchen remodel in New Mexico costs approximately $28,380 for 200 sq ft. Median home value: $285,000.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice
Data Source
HomeAdvisor, RSMeans, BLS
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much does a kitchen remodel cost in New Mexico?

A standard 200-sqft kitchen remodel in New Mexico costs approximately $28,380 (including 10% contingency: ~$31,218). Budget options start around $19,866, while luxury remodels can exceed $62,436.

Are contractors expensive in New Mexico?

New Mexico's labor cost index is 94.6 compared to the national average of 100. Contractor rates are near the national average.

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