New Mexico Paycheck Calculator
Calculate your net paycheck in New Mexico with progressive state income tax up to 5.9%. See federal tax, state tax, Social Security, Medicare, and take-home pay.
How This Calculator Works
Calculation methodology and assumptions
Calculates your net paycheck in New Mexico. New Mexico has progressive income tax brackets with a top rate of 5.9%. Federal tax uses 2026 brackets. FICA: Social Security 6.2% (up to $168,600) + Medicare 1.45%.
Key State Information
New Mexico paycheck facts: State income tax: progressive state income tax up to 5.9%. Median household income: $54,020. Cost of living index: 94.6 (100 = national average).
Frequently Asked Questions
How much tax is taken from a paycheck in New Mexico?
In New Mexico, your paycheck is reduced by federal income tax (10-37%), New Mexico state income tax (up to 5.9%), Social Security (6.2%), and Medicare (1.45%). Total effective tax rate is typically 25-35% for most workers.
Is New Mexico a good state for take-home pay?
New Mexico has moderate state income taxes. However, consider cost of living (94.6 vs national avg of 100) and sales tax (4.875%) when comparing.
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