New Mexico taxes and pay, 2026
The numbers that decide what you keep in New Mexico, and a calculator for each one. Updated November 15, 2026.
| New Mexico at a glance | 2026 |
|---|---|
| State income tax | 1.5%–5.9% |
| State tax on a $60,000 salary | $1,654 |
| Local income taxes | — |
| Take-home pay on $60,000 | $48,736 |
| Rank for take-home pay | 16th of 51 |
| Minimum wage | $12.00 an hour |
New Mexico calculators
New Mexico paycheck calculatorNew Mexico income tax calculatorNew Mexico minimum wage
How New Mexico taxes wages
| Taxable income (single) | Rate |
|---|---|
| $0 – $5,500 | 1.5% |
| $5,500 – $16,500 | 3.2% |
| $16,500 – $33,500 | 4.3% |
| $33,500 – $66,500 | 4.7% |
| $66,500 – $210,000 | 4.9% |
| Over $210,000 | 5.9% |
- Standard deduction (single): $16,100
Take-home pay in New Mexico by salary
| Salary | Take-home / year | Per month |
|---|---|---|
| $40,000 | $33,567 | $2,797 |
| $60,000 | $48,736 | $4,061 |
| $80,000 | $62,516 | $5,210 |
| $100,000 | $75,611 | $6,301 |
| $150,000 | $107,772 | $8,981 |
New Mexico and its neighbors
| State | Income tax | Take-home on $60,000 | Minimum wage |
|---|---|---|---|
| New Mexico | 1.5%–5.9% | $48,736 | $12.00 |
| Arizona | 2.5% | $49,284 | $15.15 |
| Colorado | 4.4% | $48,194 | $15.16 |
| Oklahoma | 2.5%–4.5% | $48,236 | $7.25 |
| Texas | none | $50,390 | $7.25 |
| Utah | 4.45% | $48,143 | $7.25 |
Convert your pay
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