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New Mexico Paycheck Calculator
Your New Mexico Take-Home Pay
$0.00
per 2 weeks
Annual: $0.00
Where is your money going?
Take Home0%
Federal Tax0%
FICA (SS + Medicare)0%
State & Local Tax0%
Gross Pay$0.00
Pre-Tax Deductions$0.00
Federal Income Tax$0.00
Social Security (6.2%)$0.00
Medicare (1.45%)$0.00
New Mexico State Tax$0.00
SDI / State Insurance$0.00
Local Tax$0.00
Post-Tax Deductions$0.00
💚 Take-Home Pay$0.00
Effective tax rate: 0%
New Mexico State Income Tax Rates (2025)
New Mexico has a relatively moderate income tax compared to neighboring states. New Mexico also has a unique gross receipts tax (instead of a sales tax) that businesses pay but often pass to consumers.
| Taxable Income | Tax Rate |
|---|---|
| $0–$5,500 | 1.7% |
| $5,501–$11,000 | 3.2% |
| $11,001–$16,000 | 4.7% |
| $16,001–$210,000 | 4.9% |
| Over $210,000 | 5.9% |
The minimum wage in New Mexico is $12.00/hr as of 2025. New Mexico's minimum wage exceeds the federal minimum of $7.25/hr.
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How to Calculate Your New Mexico Paycheck
Your New Mexico take-home pay is your gross pay minus the following deductions:
This calculator also serves as a New Mexico payroll calculator, New Mexico salary calculator, New Mexico income calculator, and New Mexico take home pay calculator. Whether you search for "NM paycheck calculator" or "new mexico wage calculator," this tool gives you accurate 2025 results.
- Federal Income Tax — based on 2025 IRS brackets and your filing status (10%–37%)
- Social Security — 6.2% of wages up to $176,100 (2025 wage base)
- Medicare — 1.45% of all wages (plus 0.9% surtax on earnings over $200,000)
- New Mexico State Income Tax — calculated using New Mexico's 2025 tax brackets (top rate 5.9%)
- Pre-tax deductions — 401(k), HSA, health insurance premiums reduce your taxable income
Frequently Asked Questions — New Mexico Paycheck
New Mexico's top income tax rate is 5.9%. The state uses a graduated bracket system.
New Mexico income tax is calculated on your annual taxable income. For paycheck withholding, your employer annualizes your per-period pay, calculates the annual tax, then divides by your pay periods per year.
The minimum wage in New Mexico is $12.00/hr. This exceeds the federal minimum of $7.25/hr.
No — New Mexico does not have local city or county income taxes aside from state tax. Your take-home pay calculation is straightforward.
Contributing to pre-tax accounts like a 401(k), HSA, or FSA reduces your New Mexico taxable income dollar-for-dollar. A $500/month 401(k) contribution can save $30/month in New Mexico state tax alone.