The average New Mexican is taxed at a rate of 0.55% for property, a maximum of 4.90% for income and up to 5.13% for sales. Compared to the national averages New Mexico earns a score of good 👍 for property taxes, average for income taxes and average for combined local and state sales tax. Quick links to regions of New Mexico with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of New Mexico
New Mexico has approximately 2,085,432 residents. A common term for people in New Mexico is "New Mexican". Within this population there are around 25,209 births and 17,861 deaths per year. Approximately 59.1% of this population speaks English exclusively. Conversely, 4.8% of this population has no verbal English skill. On average, real estate listings in New Mexico are on the market for 76 days. The Market Health Index for New Mexico is 2.55. New Mexico has one of the top ten largest income disparities between the wealthiest and poorest counties. Los Alamos is the wealthiest of all counties in New Mexico. The least wealthy of all counties in New Mexico is Luna.
Daily state facts: New Mexico was carved out of Texas for the price of 10 million dollars. It is shaped almost, but not quite, like a square.
According to the Bureau of Labor Statistics, NewMexico employment in August 2020 was 895,468, unemployment was 101,434 or 11.3% of total jobs.