Financial Profile: New Mexico
Financial landscape, tax rates, cost of living, and median income scoring for New Mexico residents.
New Mexico at a Glance
Avg Salary
$50,000
Cost of Living
93
Top Tax Rate
5.9%
Adjusted Income
$53,763
Monthly Take-Home
$3,267
Max Rent (30%)
$1,250
Financial Genome at Median Income
Scores calculated for someone earning $50,000/yr in New Mexico with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in New Mexico: Financial Overview
New Mexico has graduated income tax rates from 1.7% to 5.9%.
- Moderate tax rates
- Low cost of living
- Government jobs in Santa Fe
Major Cities
Albuquerque, Las Cruces, Rio Rancho, Santa Fe
With a cost of living index of 93 (below the national average of 100), your dollar goes further in New Mexico. A $60,000 salary here has the purchasing power equivalent of $64,516 in an average-cost area.
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