New Mexico Data

5.90%
Income Tax Rates
5.0%
National Avg
January 2026
Updated
cost rank
34
has income tax
true

New Mexico Income Tax Rates (2026) — How It Compares to Other States

State income tax top marginal rate

Rates by StateIncome Tax RatesNew Mexico
StateIncome Tax Rates (tax rate)vs National
→ New MexicoRank #34 / 50-NaN%
→ New Mexico$800-$2,000-NaN%
→ New Mexico$150-$250/hr-NaN%
→ New Mexico5.90%+18.0%
→ New Mexico4.88%-2.4%
→ New Mexico1.15% APY-4.2%
→ New Mexico$150–$350-NaN%

Frequently Asked Questions

What are New Mexico income tax rates in 2026?
New Mexico income tax rates are currently 5.90% as of January 2026. The national average is 5.0%. New Mexico is above the national average.
How do New Mexico income tax rates compare to other states?
New Mexico income tax rates of 5.90% compare to a national average of 5.0%. Rates vary by state based on local market conditions, legislation, and economic factors.
Where can I find the best income tax rates in New Mexico?
Compare multiple providers and verify credentials before committing to any financial service in New Mexico.
Does New Mexico have a state income tax?
Yes — New Mexico has a state income tax with a top marginal rate of 5.90%.

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