Money Up in Smoke

How much does smoking cost in New Mexico? (2026)

$10.90
average pack in New Mexico (Jan 2026), #20 most expensive of 51. State excise $2.00 + federal $1.01.
$3,978a year for a pack a day
5.3%average yearly price rise, 2016–2026
$51,449roughly, the next 10 years at that pace

A pack a day since…

StartedSpent (real New Mexico prices)Same money in the S&P 500
2016$28,981$60,771
2006$48,791$188,345
1996$59,507$293,509

Monthly, through December 2025. S&P 500 total returns with dividends (A. Damodaran, NYU Stern). Historical illustration, not a prediction.

50+ years of pack prices in New Mexico

$0$3$6$9$121970199020102026
1970$0.42
1980$0.63
1990$1.47
2000$2.92
2010$5.92
2020$7.07
2026$10.90

Sources: CDC, The Tax Burden on Tobacco (1970–2019); Campaign for Tobacco-Free Kids (2020–2026).

Join the trend

In New Mexico, 10.5% of adults smoke, down from 21.5% in 2011. 25.1% are former smokers: more people in New Mexico have quit than still smoke.

CDC Behavioral Risk Factor Surveillance System (BRFSS), 2011–2025.

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