2,114,768
(2023)
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2010
2023
New Mexico
Financial data for local governments across New Mexico
37
Cities
33
Counties
20
Towns
48
Villages
404
CDPs
Tax Snapshot (Beta)
Beta: source-backed tax context only. This is not a personalized tax-burden estimate.
Current source-backed tax context for New Mexico.
| Component | Summary | Effective | Coverage | Sources |
|---|---|---|---|---|
| NM state individual income tax | New Mexico personal income tax uses a graduated rate table that varies by filing status, income, and taxable year. | Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026). | Rate missing | New Mexico personal income tax overview; New Mexico personal income tax rates |
| NM gross receipts tax policy (state base equivalent) | New Mexico does not use a traditional sales tax; it imposes gross receipts tax, with a statewide base rate of 5.125% and additional local option rates by location. | Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026). | Rate missing | New Mexico gross receipts tax overview |
| NM property tax policy (county assessment and collection with state oversight) | New Mexico property taxes are assessed by county assessors and collected by county treasurers, with oversight from the state Property Tax Division. | Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026). | Needs review | New Mexico property tax division; New Mexico individual property tax information |
Demographics
Census Bureau ACS 5-year estimates (2023)
2,114,768
Population
$62,125
Median Household Income
$232,200
Median Home Value
39.2
Median Age
18.1%
Poverty Rate
6.0%
Unemployment Rate
69.3%
Homeownership Rate
30.2%
Bachelor's+ Rate
$62,125
(2023)
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2010
2023
$34,823
(2023)
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2010
2023
$232,200
(2023)
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2010
2023
$1,021
(2023)
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2010
2023
39.2
(2023)
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2010
2023
0 = perfect equality · 1 = perfect inequality
0.5
(2023)
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2010
2023