New Mexico 

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Economy in New Mexico

New Mexico has an unemployment rate of 4.9%. The US average is 3.9%.

New Mexico has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for New Mexico
- The Sales Tax Rate for New Mexico is 7.5%. The US average is 7.3%.
- The Income Tax Rate for New Mexico is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New Mexico
- The average income of a New Mexico resident is $23,948 a year. The US average is $28,555 a year.
- The Median household income of a New Mexico resident is $44,968 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNew Mexico, New MexicoUnited States
  5.6%3.7%
  2.8%1.6%
  29.5%33.5%
  5.1%6.2%
  4.9%4.6%
  $25,257$31,177
  $46,718$57,652
  $57,436$70,850
  POPULATION BY OCCUPATION
  2.0%1.3%
  2.5%0.6%
  6.8%6.2%
  4.7%10.4%
  2.2%2.7%
  11.3%11.6%
  3.2%4.1%
  1.2%0.9%
  1.6%2.1%
  2.9%4.7%
  1.7%1.9%
  7.2%6.7%
  0.0%0.1%
  3.9%4.3%
  10.7%9.3%
  14.4%13.8%
  2.5%2.2%
  8.6%7.4%
  4.8%4.9%
  7.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for New Mexico    32 Reviews
    back in time. - 10/21/2017
    I m a native of northern california. I came to New Mexico with my companion of many years, due to illness he was forced into an early retirement. He was born and raised... Read More

    Start Your Review of New Mexico


    back in time. - 10/21/2017
    I m a native of northern california. I came to New Mexico with my companion of many years, due to illness he was forced into an early retirement. He was born and raised... Read More

    Living in NM - 8/1/2016
    I have lived in New Mexico for 6 months and I cant wait to leave, I have 4 months to move. This is the biggest armpit in all 50 states. The entire state is broken in... Read More


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    COMPARE COST OF LIVING
    Compare New Mexico to any other place in the USA.

    MAPS OF NEW MEXICO
    New Mexico
    ZIP CODES IN NEW MEXICO
    87121, 87114, 87120, 87105, 87111, 87124, 87507, 88101, 87401, 87031, ... 368 more

    NEW LISTINGS IN NEW MEXICO
    $479,900
    5022 Heno Mine Rd
    Bed 4 | Bath 4

    $319,152
    6953 Cleary Loop NE
    Bed 3 | Bath 3

    $234,900
    3917 North Pole Loop NE
    Bed 3 | Bath 2

    $274,500
    5628 Cibola Dr NE
    Bed 3 | Bath 2

    $424,000
    2184 Sedona Hills Pkwy
    Bed 3 | Bath 3

    $449,000
    15 Cabezon Rd
    Bed 4 | Bath 3

    $142,000
    400 LA Salle Dr
    Bed 3 | Bath 2


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