New Mexico (NM)
Local rates for accurate calculations
1.7-5.9%
State Income Tax
4.875%
Sales Tax
$0.145
Electricity $/kWh
$3.25
Avg Gas $/gal
$1,050
Avg 1BR Rent
$53,992
Median Income
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Living in New Mexico: By the Numbers
New Mexico's average one-bedroom rent of $1,050 per month is 20% below the national average of $1,311. New Mexico levies a state income tax of 1.7-5.9% on top of federal taxes.
Electricity in New Mexico costs $0.145/kWh — near the national average of $0.16/kWh. Gas averages $3.25/gallon. The median household income is $53,992, below the national median of roughly $67,000.