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%.

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
  Unemployment Rate4.9%3.9%
  Recent Job Growth2.8%1.6%
  Future Job Growth29.5%33.5%
  Sales Taxes7.5%7.3%
  Income Taxes0.0490.046
  Income per Cap.$25,257$31,177
  Household Income$46,718$57,652
  Family Median Income$57,436$70,850
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting2.0%1.3%
  Mining, quarrying, oil and gas extraction2.5%0.6%
  Construction6.8%6.2%
  Manufacturing4.7%10.4%
  Wholesale trade2.2%2.7%
  Retail trade11.3%11.6%
  Transportation and warehousing3.2%4.1%
  Utilities00
  Information1.6%2.1%
  Finance and insurance2.9%4.7%
  Real estate, rental, leasing1.7%1.9%
  Professional, scientific, technical services7.2%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs3.9%4.3%
  Educational services10.7%9.3%
  Health care and social assistance14.4%13.8%
  Arts, entertainment, recreation2.5%2.2%
  Accommodation, food services8.6%7.4%
  Other services4.8%4.9%
  Public administration7.7%4.8%
ECONOMY MAP
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    Reviews for New Mexico    33 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

    Land of entrapment - 10/27/2016
    The only way to survive your stay in NM is to srT home while you plan to move out I came here as a volunteer 2 years ago and have lived in 5 states Unless you are... Read More


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    New Mexico
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    68516, 68104, 68521, 68107, ... 581 more

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