New Mexico may not be one of the first to be mentioned in a discussion of the best states to start a business, but its quirky cities, striking desert landscapes, and unique amalgam of Mexican and Southwestern culture make it an excellent, overlooked destination for entrepreneurs.

Albuquerque, located in the foothills of the stunning Sandia Mountains, is home to a budding community of tech startups that has steadily increased in activity over the past five years. The city’s laidback vibe and low cost of living provide a nurturing environment for growing companies. What’s more, the University of New Mexico--a highly regarded research school—provides startups with a steady stream of young talent. With all of these positives, Albuquerque is definitely a city to watch.

To encourage business growth and develop, the state government offers a number of tax incentives under certain conditions. New Mexico will even offer land, resources and infrastructure to businesses in the interest of job creation.

NMRio RanchoSandoval
NMLas CrucesDona Ana
NMSanta FeSanta Fe

Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of livingBest state for businessUnemploymentKauffman index, and Universities.


I'm an entrepreneur myself. When talking to others who want to start their own business, they often get wrapped up in the nitty gritty of paperwork and forming the company. They forget that what really matters is customers, sales, and profit. That's why I created How to Start an a simple resource and guide so you can spend less time on forming your company, and more time on building it.

My lawyers want me to remind you that I'm not a lawyer and that I'm completely unqualified to offer legal advice. This site is meant to serve as a reference for you on your journey. If you have questions or concerns, please contact a qualified lawyer (or accountant) to help you. Also, as a general rule, never take random legal advice on the internet.