State Rankings

Where New Mexico Ranks

How New Mexico compares with all 50 states and DC on the figures Alto tracks.

Sales tax

7.68%

the 17th highest of 51

State sales tax plus the population-weighted average local rate — what shoppers actually pay at the register.

Tax Foundation (July 2026)

Minimum wage

$12.00/hr

tied for the 24th highest of 51

What a worker covered by federal labor law is actually paid at minimum — the state rate, or the $7.25 federal floor where that is higher.

U.S. Department of Labor, Wage and Hour Division (July 2026)

Median household income

$62,268

the 6th lowest of 50

Median annual income for a household in the state — half of households earn more, half earn less.

U.S. Census Bureau (2023)

Unemployment rate

4.8%

the 11th highest of 51

Share of the labor force that is out of work and actively looking, seasonally adjusted. People who have stopped looking are not counted.

U.S. Bureau of Labor Statistics (June 2026)

New Mexico in context: state gas tax

RankStateGas tax
#2Arizona18¢/gal
#2Mississippi18¢/gal
#4New Mexico19¢/gal
#5Louisiana20¢/gal
#5Oklahoma20¢/gal

New Mexico in context: sales tax

RankStateSales tax
#33South Carolina7.49%
#34Georgia7.56%
#35New Mexico7.68%
#36Colorado7.89%
#37Minnesota8.14%

New Mexico in context: minimum wage

RankStateMinimum wage
#23Virginia$12.77/hr
#24Nevada$12.00/hr
#24New Mexico$12.00/hr
#26South Dakota$11.85/hr
#27Minnesota$11.41/hr

New Mexico in context: median household income

RankStateHousehold income
#43Oklahoma$63,603
#44Kentucky$62,417
#45New Mexico$62,268
#46Alabama$62,212
#47Louisiana$60,414

New Mexico in context: unemployment rate

RankStateUnemployment
#39Florida4.7%
#39Kentucky4.7%
#41New Mexico4.8%
#42Arizona4.9%
#42Delaware4.9%

Compare another state

In New Mexico, the gas tax is the 4th lowest in the country and the household income is the 6th lowest. Here is how New Mexico compares with every other state on the published figures Alto tracks, with a link to the source behind each one.

Rankings are a starting point, not a verdict. None of these figures are adjusted for cost of living, which varies enough between states to change what a given income or wage actually buys.

New Mexico gas tax

Drivers in New Mexico pay 19¢/gal in state gasoline tax, the 4th lowest of the 51, before the 18.4¢ federal tax that applies everywhere.

New Mexico sales tax

New Mexico charges a 4.88% state sales tax, and local rates average a further 2.80%, for about 7.68% at the register. That is the 17th highest of the 51. Rate is not the whole story though — states differ in what they tax, and most exempt groceries.

New Mexico minimum wage

The minimum wage in New Mexico is $12.00/hr, tied for the 24th highest of the 51 states and DC, as of July 2026.

New Mexico household income

A typical New Mexico household earns $62,268 a year, the 6th lowest of the 50. That is a raw Census figure with no adjustment for how far a dollar goes locally.

What these rankings leave out

Cost of living is the big absent variable, and it moves enough between states to reverse some of these comparisons outright. Property and income taxes are not counted here either, so a state can look cheap on sales and fuel tax while taking more overall. Treat these as specific, well-sourced data points rather than a summary of what living in New Mexico costs.

New Mexico Rankings — Frequently Asked Questions

What is the sales tax in New Mexico?
New Mexico charges a 4.88% state sales tax, and local rates average a further 2.80%, for about 7.68% at the register. That is the 17th highest combined rate of the 51 states and DC, as of July 2026.
What is the minimum wage in New Mexico?
The minimum wage in New Mexico is $12.00/hr, tied for the 24th highest of the 51 states and DC, as of July 2026.
What is the gas tax in New Mexico?
New Mexico levies 19¢/gal in state gasoline tax, the 4th lowest of the 51 states and DC. The federal government adds 18.4¢ per gallon on top of that everywhere. Figures are as of 2025.
What is the median household income in New Mexico?
The median household income in New Mexico is $62,268, the 6th lowest among the 50 states, per Census data for 2023. Median means half of households earn more and half earn less, and the figure is not adjusted for cost of living.
Is New Mexico a high tax state?
On the taxes ranked here, its combined sales tax is the 17th highest in the country at 7.68% and its gas tax is the 4th lowest at 19¢/gal. Those are two taxes among many though — income and property taxes vary independently, so a state can rank low on both of these and still take more overall.
New Mexico State Rankings: Taxes, Wages & Income | Alto