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: The federal government owns over a third of New Mexico. The city of Santa Fe sits at the highest elevation of any state capital.
According to the Bureau of Labor Statistics, NewMexico employment in April 2022 was 949,768, unemployment was 50,168 or 5.3% of total jobs.