Furnace Replacement Cost in New Mexico
$2,850 – $8,000We estimate furnace replacement in New Mexico at $2,850 to $8,000 for a gas furnace on existing ductwork and gas line. The national estimate is $2,950 to $8,350. New Mexico HVAC technician pay is 18% below the national median, ranking 47 of 51.
| Part of the job | Low | High |
|---|---|---|
| Parts and materials (our assumption) | $2,500 | $6,500 |
| Labor hours (our assumption) | 6 | 14 |
| Billed labor rate per hour | $60 | $109 |
| Estimated total | $2,850 | $8,000 |
Our estimate, not a quote. Billed rate is the New Mexico median wage from BLS (2025, $24.17 an hour) times 2.5 to 4.5 to cover payroll costs, overhead, travel and profit. How we estimate
What our assumptions are based on
| Item | Sourced figure | Basis | Source |
|---|---|---|---|
| Parts | $1,249 – $1,835 | Budget Heating listed prices for 20 gas furnaces, all 80% AFUE, 40,000 to 135,000 BTU. No 90%+ AFUE models were on this list. | Budget Heating |
What other publishers report
| Publisher | Low | High | Scope |
|---|---|---|---|
| This Old House | $3,800 | $10,000 | Gas furnace installed. Page dated June 2026. |
| Today's Homeowner | $3,300 | $7,800 | Gas furnace replacement installed. Page dated September 2025. |
| Bob Vila | $3,800 | $10,000 | Gas furnace installed. Page dated April 2024. |
Compared with neighboring states
| State | Median wage | Low | High |
|---|---|---|---|
| Arizona | $28.56 | $2,950 | $8,300 |
| Colorado | $31.35 | $2,950 | $8,500 |
| Oklahoma | $27.67 | $2,900 | $8,250 |
| Texas | $27.77 | $2,900 | $8,250 |
| Utah | $28.24 | $2,900 | $8,300 |
Other HVAC technician jobs in New Mexico
Furnace Replacement cost in every state · New Mexico home repair guide
General information, not professional advice. Conditions, codes and prices vary. Turn off power, gas or water before any work, and hire a licensed professional when in doubt. Cost figures are our estimates, not quotes.