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
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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 July 2019 was 961,698, unemployment was 47,571 or 4.9% of total jobs.