New Mexico Minimum Wage 2026
DOL rate (updated 2026-07-01) and what a full-time minimum-wage year actually keeps. Tax year 2026.
Quick answer
According to netpaytally.com's computation from DOL rates and 2026 tax law, minimum wage in New Mexico is $12.00/hour. Full-time, minimum wage makes $1,831 a month after taxes in New Mexico — $21,975 a year kept out of $24,960 gross — rank #24 of 51.
$12 an hour is how much a year? — every state, after taxes →
| Hourly | Weekly | Monthly | Annual | |
|---|---|---|---|---|
| Gross | $12.00 | $480.00 | $2,080.00 | $24,960 |
| After taxes | $10.56 | $422.59 | $1,831.21 | $21,975 |
| Withheld | $1.44 | $57.41 | $248.79 | $2,985 |
Breakdown: federal income tax $886 · FICA $1,909 · New Mexico state income tax $190.
How much does minimum wage make a month after taxes in New Mexico?
Working full-time (2,080 hours a year) at $12.00 an hour, minimum wage in New Mexico makes $1,831 a month after federal tax, FICA and state income tax — $21,975 a year out of $24,960 gross (single filer, standard deduction, tax year 2026).
What is minimum wage in New Mexico?
The New Mexico minimum wage is $12.00 per hour.
How much is minimum wage after taxes in New Mexico?
A full-time minimum-wage year in New Mexico (2,080 hours at $12.00) grosses $24,960 and keeps $21,975 after federal tax, FICA and state income tax — $1,831 per month, a 88% keep-rate.
How much is minimum wage per week in New Mexico?
40 hours at $12.00 is $480.00 gross per week, roughly $422.59 after taxes.
How does New Mexico rank?
New Mexico ranks #24 of 51 jurisdictions on the effective minimum wage.
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