New Mexico Salary After Tax Calculator
Calculate Your Take-Home Pay
Your Results
Enter your salary details and click calculate to see your results
Recent Calculations
| Salary | Net Pay | ||
|---|---|---|---|
| No calculations yet | |||
Quick Actions
Wage Comparison in New Mexico
Compare Your New Mexico Salary
New Mexico offers competitive salaries with progressive state income tax rates ranging from 1.7% to 5.9%. The state’s economy is driven by oil and gas, government, technology, aerospace, and tourism, with major employment centers in Albuquerque, Santa Fe, Las Cruces, and Roswell.
- • Compare by Albuquerque, Santa Fe, Las Cruces, and Roswell areas
- • Consider NM’s progressive state income tax (1.7% – 5.9%)
- • Factor in oil & gas, government, tech, and aerospace sectors
New Mexico Salary Factors
Albuquerque: Tech, aerospace, healthcare
Santa Fe: Government, tourism, arts
Las Cruces: Agriculture, education
Progressive state tax
Average Salary in New Mexico
New Mexico Industry Averages
New Mexico’s economy is diverse, with strong oil and gas, government, technology, aerospace, and tourism sectors. The state is home to major employers like Sandia National Laboratories, Los Alamos National Laboratory, Intel, and various energy companies, offering competitive wages with moderate state taxes.
Oil & Gas
$82,000
Average annual salary
Technology
$78,000
Average annual salary
Government
$58,000
Average annual salary
Healthcare
$65,000
Average annual salary
New Mexico Salary Factors
- • Progressive state tax
- • Oil & gas industry
- • National laboratories
- • Government jobs
- • Low cost of living
- • Tourism sector
New Mexico Minimum Wage
New Mexico State Minimum Wage
New Mexico’s minimum wage is $12.00 per hour as of 2025, significantly above the federal minimum wage. The state has been gradually increasing the minimum wage with scheduled annual increases, and tipped workers have a minimum wage of $3.00 per hour plus tips.
New Mexico Minimum Wage
$12.00
per hour (2025)
Annual Full-Time
$24,960
40 hours/week, 52 weeks
New Mexico vs Neighboring States
Note: New Mexico’s tipped minimum wage is $3.00/hour. Employers must make up the difference if tips don’t reach the regular minimum wage.
New Mexico Tax Information
Understanding New Mexico Taxes
New Mexico has a progressive state income tax system with rates ranging from 1.7% to 5.9% based on income levels. The state also has a 5.125% gross receipts tax (similar to sales tax) and moderate property taxes. New Mexico offers various deductions and credits to help offset the tax burden.
Federal Income Tax
Progressive rates from 10% to 37% based on income
NM State Income Tax
Progressive rates from 1.7% to 5.9%
Gross Receipts Tax
5.125% state rate plus local rates
Social Security Tax
6.2% on income up to $168,600 (2025 limit)
Medicare Tax
1.45% on all income, plus 0.9% on income over $200,000
New Mexico Tax Structure
Progressive Income Tax
New Mexico uses a progressive tax system with rates from 1.7% (income under $5,500) to 5.9% (income over $210,000).
Gross Receipts Tax
New Mexico has a 5.125% state gross receipts tax, with additional local rates that can bring the total to 8-9%.
Property Tax
New Mexico has relatively low property tax rates (average 0.80%) with various exemptions available for homeowners.
Tax Credits & Deductions
NM offers various credits including the Working Families Tax Credit, Low Income Comprehensive Tax Rebate, and various business incentives.
Important Note
This calculator provides estimates. Actual taxes may vary based on deductions, credits, and other factors specific to your situation.