New Mexico · individual fact

New Mexico income and taxes

Household income, income per person, purchasing power, and New Mexico’s tax structure.

Median household income$64.06K2020–2024 · #44 of 50 · highest first
Per-capita money income$36.22K2020–2024 · #43 of 50 · highest first
Real personal income per person$51.12K2024 · #48 of 50 · highest first

New Mexico over time

Explore New Mexico readings, major events and reviewed actions on the same date scale. New Mexico officeholders appear in separate lanes. National event evidence describes national context; it does not measure a New Mexico effect.

Major events & context · A curated selection, including uncertain effects. Milestone dates do not establish that an event caused a New Mexico change.

Enacted / issuedDid not proceedPending / in progressStatus unclear

Colors show the latest recorded status. Passing one chamber is not enactment. A number groups actions with the same date, body and status.

Real personal income per person New Mexico · source units
New MexicoPublished U.S. benchmark

Move across the chart to inspect the nearest observation. Click or tap to keep a reading selected, or focus the chart and use the arrow keys. Hover over or focus a marker to explore; click or tap to pin. Press Escape to clear.

Real personal income per person2024: $51,121$37.48K$49.6K$61.71KNew Mexico, 2014: $39,825New Mexico, 2015: $40,741New Mexico, 2016: $41,530New Mexico, 2017: $41,044New Mexico, 2018: $43,899New Mexico, 2019: $45,000New Mexico, 2020: $48,584New Mexico, 2021: $52,110New Mexico, 2022: $50,375New Mexico, 2023: $50,620New Mexico, 2024: $51,121201420192024
✦ Major events & context · 35National context · Katrina emergency tax relief enacted · 2005-09-23Katrina tax reliefNational context · Investment tax rates extended and AMT relief enacted · 2006-05-172006 tax extensionsNational context · First step of the federal minimum-wage increase · 2007-07-24Wage floor risesNational context · Economic Stimulus Act authorizes tax rebates · 2008-02-132008 rebatesNational context · Financial crisis intensifies during the Great Recession · 2008-09-15Financial crisisNational context · Recovery Act expands tax credits and income support · 2009-02-17Recovery ActNational context · Federal minimum wage reaches $7.25 · 2009-07-24Wage floor: $7.25National context · Affordable Care Act establishes health tax credits · 2010-03-23Affordable Care ActNational context · Tax extensions and a temporary payroll-tax cut enacted · 2010-12-17Payroll-tax reliefNational context · New investment-income and Medicare taxes take effect · 2013-01-01New health taxesNational context · Employee Social Security tax returns to 6.2% · 2013-01-01Payroll relief endsNational context · American Taxpayer Relief Act resolves tax expirations · 2013-01-02Fiscal-cliff tax dealNational context · IRS recognizes lawful same-sex marriages for federal taxes · 2013-08-29Marriage tax rulesNational context · Marketplace premium tax credits begin · 2014-01-01Health credits beginNational context · PATH Act makes key tax-credit expansions permanent · 2015-12-18PATH tax creditsNational context · 2017 tax law changes individual and business taxes · 2017-12-222017 tax lawNational context · SECURE Act changes retirement saving and withdrawals · 2019-12-20SECURE retirement lawNational context · Families First Act authorizes emergency leave and food aid · 2020-03-18Emergency leave aidNational context · CARES Act expands pandemic income support · 2020-03-27CARES reliefNational context · First pandemic employment report shows job losses · 2020-04-03Pandemic job lossesNational context · Second-round rebates and unemployment relief enacted · 2020-12-27More pandemic reliefNational context · American Rescue Plan expands credits and benefits · 2021-03-11American Rescue PlanNational context · Advance child tax credit payments begin · 2021-07-15Monthly child creditNational context · Federal pandemic unemployment programs reach their cutoff · 2021-09-06Pandemic UI endsNational context · Temporary family-credit expansions end for tax year 2022 · 2022-01-01Credit expansions endNational context · Inflation outpaces average hourly pay growth · 2022-07-13Real earnings fallNational context · Inflation Reduction Act changes corporate and energy taxes · 2022-08-16IRA tax changesNational context · Social Security announces an 8.7% cost-of-living increase · 2022-10-13Social Security COLANational context · SECURE 2.0 revises retirement tax rules · 2022-12-29SECURE 2.0National context · SNAP emergency allotments end nationwide · 2023-03-01Emergency food aid endsNational context · Social Security Fairness Act repeals WEP and GPO · 2025-01-05Social Security fairnessNational context · 2025 reconciliation law extends and changes tax provisions · 2025-07-042025 tax lawNational context · Marketplace credit enhancements expire and repayment rules change · 2026-01-01Health credit changesNational context · First filing season under the 2025 tax changes opens · 2026-01-26New deductions filingNational context · New child savings accounts become eligible for funding · 2026-07-04Child savings funding● New Mexico Legislature · 5● U.S. Congress · New Mexico delegation · 1◆ Governor · 2■ New Mexico agencies · 0No reviewed actions match these filters.2005-09-012026-07-31

8 of 8 reviewed New Mexico actions match · 8 date markers shown. 35 major events shown separately.

New Mexico · 2024: $51,121 · Rank #48 of 50, highest first · U.S. benchmark: $59,195

BEA personal income per person adjusted for regional price parities and the national PCE price index. Constant 2017 dollars. A BEA measure, distinct from ACS per-capita money income. Annual observations use December 31; monthly observations use the first of the month. Lines connect consecutive readings and do not supply values between them. Missing observations break the lines.

View observations and export data
New Mexico Real personal income per person · source units
PeriodNew MexicoRankU.S. benchmark
2024$51,121#48 of 50$59,195
2023$50,620#48 of 50$58,088
2022$50,375#47 of 50$57,104
2021$52,110#47 of 50$59,365
2020$48,584#48 of 50$56,514
2019$45,000#49 of 50$53,683
2018$43,899#49 of 50$52,242
2017$41,044#50 of 50$51,006
2016$41,530#49 of 50$49,828
2015$40,741#50 of 50$49,396
2014$39,825#49 of 50$47,661
How major events are selected

The timeline combines the corresponding national fact’s reviewed event catalog, labeled National context, with individually reviewed state milestones. State events use primary sources and distinguish signing, effective and filing dates. Each milestone keeps its source-check date, geographical limits and evidence limits. This curated selection is not a complete history.

Date ranges affect events and actions. Action type, status and official-name search affect government records only. Events remain separate from action counts. An event after the latest observation extends context without creating a new reading.

New Mexico · state comparison

Household resources

Compare the ACS five-year estimates using the same population and dollar period.

New Mexico · 2020–2024$64,059
New Mexico rank#44among all 50 states
U.S. benchmark$80,734Same measure and period when published

#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.

Median household income

Median before-tax income received by households; half are above and half below.

2024 dollars. ACS sampling error means nearby ranks may not be statistically distinguishable.

Compare states on the graph

Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.

Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.

Lower value · $56.45KHigher value · $103.96KStriped: unavailable

Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.

New Mexico · $64,0592020–2024 · Rank #44 of 50, highest first90% confidence interval: $63,251 – $64,867Selected state

50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.

Compare New Mexico with every state · 50 ranked
Median household income · 2020–2024 · highest value ranked #1
RankStateValueComparison notes
#1Massachusetts$103,96090% CI: 103433–104487
#2Maryland$103,67890% CI: 103081–104275
#3New Jersey$103,55690% CI: 103043–104069
#4Hawaii$100,38990% CI: 99268–101510
#5California$99,12290% CI: 98812–99432
#6New Hampshire$99,03190% CI: 97908–100154
#7Washington$98,14190% CI: 97727–98555
#8Connecticut$95,78190% CI: 95049–96513
#9Colorado$95,47090% CI: 94892–96048
#10Utah$95,16690% CI: 94392–95940
#11Virginia$93,17090% CI: 92712–93628
#12Alaska$92,78890% CI: 91556–94020
#13Minnesota$89,06290% CI: 88653–89471
#14Rhode Island$87,79690% CI: 86587–89005
#15New York$85,97490% CI: 85572–86376
#16Delaware$84,95490% CI: 83703–86205
#17Illinois$83,39090% CI: 83028–83752
#18Oregon$83,01190% CI: 82438–83584
#19Vermont$81,20390% CI: 79864–82542
#20Arizona$79,96490% CI: 79557–80371
#21Texas$78,47690% CI: 78213–78739
#22Nevada$78,26090% CI: 77664–78856
#23Pennsylvania$77,97190% CI: 77629–78313
#24Idaho$77,80090% CI: 77057–78543
#25Wisconsin$77,48590% CI: 77030–77940
#26Georgia$77,35390% CI: 76946–77760
#27North Dakota$76,65790% CI: 75494–77820
#28Nebraska$76,47590% CI: 75842–77108
#29Wyoming$76,17690% CI: 75008–77344
#30South Dakota$75,08190% CI: 74193–75969
#31Iowa$75,05990% CI: 74641–75477
#32Maine$74,73390% CI: 73938–75528
#33Florida$74,56890% CI: 74284–74852
#34Kansas$74,27590% CI: 73800–74750
#35Michigan$72,87590% CI: 72582–73168
#36Montana$72,50990% CI: 71748–73270
#37North Carolina$72,38890% CI: 72064–72712
#38Indiana$71,95790% CI: 71605–72309
#39Ohio$71,38990% CI: 71068–71710
#40Missouri$70,70290% CI: 70377–71027
#41Tennessee$69,59590% CI: 69166–70024
#42South Carolina$69,32490% CI: 68754–69894
#43Oklahoma$65,03990% CI: 64600–65478
#44New Mexico · your comparison$64,05990% CI: 63251–64867
#45Alabama$63,99990% CI: 63600–64398
#46Kentucky$63,72690% CI: 63297–64155
#47Arkansas$60,77390% CI: 60306–61240
#48Louisiana$60,75690% CI: 60348–61164
#49West Virginia$59,60890% CI: 58917–60299
#50Mississippi$56,44790% CI: 55908–56986

All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.

Median household income

$64,0592020–2024 estimate

Median money income received by New Mexico households, expressed in 2024 inflation-adjusted dollars.

This source snapshot keeps its own definition and period. A rank shown elsewhere applies only to that comparison’s measure and period.

Method and limitations

U.S. Census Bureau QuickFacts, sourced from the American Community Survey 2020–2024 five-year estimate.

  • Income is not take-home pay and does not directly measure taxes, wealth, prices, or purchasing power.
  • A statewide median obscures regional and household differences.
New Mexico · state comparison

Is income keeping up with prices?

Real income adjusts for price levels and inflation. Disposable income subtracts personal current taxes but does not subtract household living expenses.

New Mexico · 2024$51,121
New Mexico rank#48among all 50 states
U.S. benchmark$59,195Same measure and period when published

#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.

Real personal income per person

BEA personal income per person adjusted for regional price parities and the national PCE price index.

Constant 2017 dollars. A BEA measure, distinct from ACS per-capita money income.

Hover to inspect. Click or tap to compare that period with every state. Focus the graph and use arrow keys, Home or End to select a period. Press Escape to return to the latest period.

New Mexico
Real personal income per person history in New Mexico$36.89K$49.6K$62.3K20142024
2024 · New Mexico: $51,121 · Rank #48 of 50, highest first · U.S. benchmark: $59,195 · Selected for state comparison
View history and select a period
New Mexico Real personal income per person history
PeriodNew MexicoCompare
2014$39,825
2015$40,741
2016$41,530
2017$41,044
2018$43,899
2019$45,000
2020$48,584
2021$52,110
2022$50,375
2023$50,620
2024$51,121

Compare states on the graph

Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.

Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.

Lower value · $48.47KHigher value · $75.5KStriped: unavailable

Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.

New Mexico · $51,1212024 · Rank #48 of 50, highest firstSelected state

50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.

Compare New Mexico with every state · 50 ranked
Real personal income per person · 2024 · highest value ranked #1
RankStateValueComparison notes
#1Wyoming$75,501—
#2Connecticut$74,254—
#3Massachusetts$71,629—
#4South Dakota$69,153—
#5Nebraska$65,297—
#6North Dakota$65,271—
#7Colorado$65,223—
#8New Hampshire$64,632—
#9Washington$64,421—
#10New York$64,153—
#11New Jersey$63,142—
#12California$63,028—
#13Minnesota$62,039—
#14Virginia$61,914—
#15Maryland$61,111—
#16Illinois$60,333—
#17Alaska$60,272—
#18Iowa$60,144—
#19Montana$59,203—
#20Kansas$59,172—
#21Vermont$58,893—
#22Oklahoma$58,692—
#23Pennsylvania$58,620—
#24Tennessee$58,582—
#25Wisconsin$58,273—
#26Texas$58,219—
#27Missouri$57,850—
#28Maine$57,480—
#29Florida$57,131—
#30Louisiana$56,789—
#31Nevada$56,503—
#32North Carolina$56,310—
#33Ohio$56,232—
#34Rhode Island$55,878—
#35Indiana$55,562—
#36Oregon$55,451—
#37Arkansas$55,219—
#38Delaware$55,185—
#39Utah$55,116—
#40Michigan$53,569—
#41Georgia$52,952—
#42Arizona$52,890—
#43Idaho$52,816—
#44South Carolina$52,463—
#45Kentucky$52,290—
#46Hawaii$52,272—
#47Alabama$52,216—
#48New Mexico · your comparison$51,121—
#49West Virginia$50,051—
#50Mississippi$48,465—

All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.

New Mexico · state comparison

How New Mexico raises taxes

For taxable years beginning on or after January 1, 2025, New Mexico applies six graduated individual-income-tax rates from 1.5% through 5.9%; income thresholds vary by filing status. Revenue comparisons rank dollars collected, not statutory tax rates or a particular household’s tax burden.

New Mexico · FY2024$2.17B
New Mexico rank#38among all 50 states
U.S. benchmark$479.63BSame measure and period when published

#1 is the highest value. Ties share a rank and leave gaps. D.C. and territories are excluded. Rank describes the measured value; it is not an overall score of the state.

Personal income-tax collections

Revenue collected under the Census tax classification. Missing item codes in the complete state-level file mean no reported amount.

State governments only, Census level 2; amounts converted from thousands to dollars. Fiscal-year ending dates differ among states. Larger collections reflect population, income, tax bases, and rates; they are not inherently better.

Compare states on the graph

Hover or focus a bar to inspect its value and rank. Use the up and down arrows, Home or End to explore states. Click, tap or press Enter to keep a state selected. New Mexico stays highlighted. Values use the same measure and period.

Explore the map: hover or focus a state to inspect it, then click or tap to select it. Arrow keys move between states alphabetically. New Mexico has a dark outline.

Lower value · $0Higher value · $123.1BStriped: unavailable

Color shows this measure’s value, not an overall state score. Select a state on the map, graph or dropdown to read its value, rank and comparison limits below.

New Mexico · $2.17BFY2024 · Rank #38 of 50, highest firstSelected state

50 states shown · scroll to explore every state. Missing values have no bar and are excluded from ranks. Bars start at zero; #1 means the highest value.

Compare New Mexico with every state · 50 ranked
Personal income-tax collections · FY2024 · highest value ranked #1
RankStateValueComparison notes
#1California$123.1B—
#2New York$53.84B—
#3Illinois$22.63B—
#4Massachusetts$22.13B—
#5New Jersey$18.88B—
#6Virginia$17.64B—
#7Pennsylvania$17.08B—
#8North Carolina$16.66B—
#9Georgia$16.02B—
#10Minnesota$13.27B—
#11Michigan$11.56B—
#12Maryland$10.65B—
#13Connecticut$10.03B—
#14Ohio$10.02B—
#15Oregon$9.54B—
#16Wisconsin$9.49B—
#17Indiana$8.1B—
#18Missouri$7.75B—
#19Colorado$7.52B—
#20South Carolina$6.15B—
#21Utah$5.72B—
#22Alabama$5.28B—
#23Kentucky$5.02B—
#24Louisiana$4.88B—
#25Arizona$4.81B—
#26Oklahoma$4.51B—
#27Kansas$4.5B—
#28Iowa$3.76B—
#29Hawaii$3.28B—
#30Idaho$2.89B—
#31Arkansas$2.76B—
#32Delaware$2.53B—
#33Nebraska$2.48B—
#34Maine$2.4B—
#35Mississippi$2.33B—
#36West Virginia$2.27B—
#37Montana$2.25B—
#38New Mexico · your comparison$2.17B—
#39Rhode Island$1.59B—
#40Vermont$1.24B—
#41North Dakota$356.48M—
#42Washington$350.45M—
#43New Hampshire$183.36M—
#44Tennessee$2.12M—
#45Alaska$0—
#45Florida$0—
#45Nevada$0—
#45South Dakota$0—
#45Texas$0—
#45Wyoming$0—

All 50 states are listed, including states without a comparable observation. Ranks use stored source precision; displayed values may round to the same number.

How federal income taxes work

A marginal rate applies only to taxable income within its band. Moving into a higher bracket does not apply that rate to all your income.

Base standard deduction

$16,100

Tax year 2026 · Single

Marginal versus effective rate

The bracket table applies to ordinary taxable income after deductions, not to gross wages or Census household income.

2026 ordinary taxable-income bands · Single
Marginal rateTaxable income in this band
10%Up to $12,400
12%Over $12,400 through $50,400
22%Over $50,400 through $105,700
24%Over $105,700 through $201,775
32%Over $201,775 through $256,225
35%Over $256,225 through $640,600
37%Over $640,600

Selected filing statuses only. Rates exclude preferential capital-gain rules, credits, alternative minimum tax, payroll taxes and state/local taxes. The base deduction does not include extra amounts for age, blindness or other eligibility. Tax year 2026 returns are generally filed in 2027.

IRS · Tax schedules and deductions ↗

Who pays what share of income taxes?

Compare income groups’ shares of federal individual income tax. These groups divide tax returns by adjusted gross income (AGI), with no overlap.

Tax year 2023 · IRS estimates · Returns excluding dependents. Latest available in this IRS release: 2023. The 2026 tax schedules above describe a different year.

$2.14 trillion total individual income tax153.1 million tax returns
Income groups ranked from lowest to highest AGI · 2023 dollars
Income group Approximate AGI range Share of income Share of income tax Average tax rate
Bottom 50%50.0% of returnsBelow $53,80112.3%3.3%3.7%
50th–75th percentile25.0% of returns$53,801 to under $105,60419.2%10.4%7.7%
75th–90th percentile15.0% of returns$105,604 to under $187,60820.9%15.8%10.6%
90th–95th percentile5.0% of returns$187,608 to under $272,20911.2%11.2%14.2%
95th–99th percentile4.0% of returns$272,209 to under $675,60215.8%20.9%18.7%
Top 1%1.0% of returns$675,602 and above20.6%38.4%26.3%

Blue bars show tax shares; gray bars show income shares. Both use a 0–100% scale. Each share column totals approximately 100% after rounding. The bottom group includes zero and negative AGI.

What is included, and how are the groups calculated?

IRS total income tax includes income tax after specified credits, limited to zero, plus net investment income tax and tax on accumulation distributions of trusts. Refundable portions of credits are excluded. This is tax liability, not withholding, refunds received or all government revenue. Payroll, corporate, estate, excise, and state/local taxes are outside this measure. Paying little federal income tax does not mean paying no taxes.

FactVote subtracts adjacent IRS cumulative totals to form the separate groups. For example, the 95th–99th percentile equals the top 5% minus the top 1%. Average rates are then calculated from each group’s tax and AGI, rather than subtracting the published average rates. Historical groups contain different returns over time. Figures are sample estimates and rounded source amounts can introduce small differences.

IRS Statistics of Income, Table 4.1 · Published March 2026 · Checked 2026-09-14. Download IRS source table ↗ · IRS methods and releases ↗

Who pays corporate income taxes?

Compare federal corporate income tax after credits across company-size groups. IRS groups these returns by annual business receipts, not by household income or profit.

Tax year 2022 · Active corporation returns excluding S corporations, real estate investment trusts (REITs), and regulated investment companies (RICs). Latest available in this IRS table: 2022.

$448.50B corporate income tax after credits in this table1.56 million estimated returns
Corporate tax by annual business receipts · 2022 dollars
Company-size group Share of returns Share of business receipts Income tax after credits Share of corporate income tax
Under $100,00044.6%0.1%$5.93B1.3%
$100,000–under $1 million32.9%0.6%$2.31B0.5%
$1 million–under $10 million17.6%2.9%$8.78B2.0%
$10 million–under $100 million3.9%5.6%$21.87B4.9%
$100 million–under $1 billion0.8%10.9%$40.78B9.1%
$1 billion and above0.2%80.0%$368.84B82.2%

All six groups are separate. Blue bars show tax shares; gray bars show receipts shares, both on a 0–100% scale. Shares sum to approximately 100% after rounding. The smallest group includes zero receipts and receipts not reported.

How this differs from the individual income-tax breakdown

The individual section groups returns by adjusted gross income. This section groups corporate returns by business receipts; neither the income concepts nor the tax totals are interchangeable. No effective tax rate is calculated by dividing corporate tax by sales.

S corporations generally pass income through to owners and are excluded here, as are REITs and RICs. Their exclusion does not mean their owners pay no tax. This section therefore describes the IRS table’s covered corporations rather than every business or every dollar of corporate-tax revenue. It does not estimate how the economic burden is shared among shareholders, workers and customers.

FactVote combines adjacent IRS size bands and sums published amounts; no suppressed values are used. Figures are sample estimates. Returns may use different accounting periods, and company size and nominal dollar values change over time. Small differences from totals reflect source rounding.

IRS Statistics of Income, Publication 16, Table 3.3 · Latest release September 2025 · Checked 2026-09-14. Download 2022 IRS table ↗ · IRS coverage and methods ↗

The broader federal tax burden

Individual income tax is one part of a household’s federal taxes. Compare income, payroll, corporate and excise taxes as a percentage of each group’s income.

Calendar year 2022 · CBO estimates · Latest available in this release: 2022. These household groups use a different income definition from the IRS tax-return groups above.

Average federal tax rates · Percent of income before means-tested transfers and taxes
Income group Individual income Payroll Corporate Excise Combined rate
Lowest fifth−10.1%9.5%0.8%1.3%1.4%
Second fifth−0.9%8.8%0.8%0.8%9.5%
Middle fifth3.1%8.8%0.9%0.6%13.4%
Fourth fifth6.8%9.3%1.0%0.5%17.6%
Highest fifth16.6%6.1%2.9%0.3%25.9%
All households10.6%7.5%2.1%0.4%20.6%

Combined-rate bars share a fixed −30% to +30% scale, centered at zero. Blue = net tax; teal = net payment to households. Negative individual income tax reflects refundable credits. Components may differ from the combined rate by 0.1–0.2 points because CBO rounds each figure separately.

How this comparison is measured

CBO combines tax records and household survey data. Each rate divides the group’s total tax by its total income; it is not a simple average of individual rates. Income includes earnings, investment income and social insurance benefits, including some noncash benefits. The employer share of payroll taxes is attributed to workers. Corporate-tax allocation reflects modeling assumptions, not directly observed household payments.

The four tax types covered 90% of federal revenue in fiscal 2022. Estate and gift taxes, customs duties and other federal sources are outside this comparison, as are state/local taxes. Households with negative income are excluded from the five individual groups but included in “All households.” Do not average the five group rates to calculate the national rate.

CBO · Published 2026-01-21 · Checked 2026-09-14. Report and data ↗ · Methods and tax allocation ↗

Is after-tax income keeping up with prices?

Real disposable income per person tracks average income available for spending or saving after personal taxes, adjusted for inflation. A rise means average purchasing power increased; it does not mean every household is better off.

Real income per person

$52,849

Jul 2026 · Chained 2017 dollars · Annual rate

Change from prior month

+0.3%

Jun 2026 to Jul 2026 · Not an annualized change

Change from a year earlier

+0.2%

Jul 2025 to Jul 2026

Per personchained 2017 dollars

Hover to inspect; click or tap to keep a reading selected. Use the arrow keys to explore, or Escape to clear.

Purchasing power. chained 2017 dollars. Use left and right arrows to explore observations.023,069.446,138.869,208.2Jan 2020Apr 2023Jul 2026

Scroll the chart sideways to see the full timeline.

Jul 2026Per person: 52,849 chained 2017 dollars
View data: Purchasing power
Purchasing power · chained 2017 dollars
PeriodPer person
Jul 202652,849 chained 2017 dollars
Jun 202652,666 chained 2017 dollars
May 202652,517 chained 2017 dollars
Apr 202652,402 chained 2017 dollars
Mar 202652,624 chained 2017 dollars
Feb 202652,694 chained 2017 dollars
Jan 202652,941 chained 2017 dollars
Dec 202552,610 chained 2017 dollars
Nov 202552,667 chained 2017 dollars
Oct 202552,684 chained 2017 dollars
Sep 202552,865 chained 2017 dollars
Aug 202552,829 chained 2017 dollars
Jul 202552,740 chained 2017 dollars
Jun 202552,529 chained 2017 dollars
May 202552,609 chained 2017 dollars
Apr 202553,077 chained 2017 dollars
Mar 202552,794 chained 2017 dollars
Feb 202552,465 chained 2017 dollars
Jan 202552,422 chained 2017 dollars
Dec 202452,376 chained 2017 dollars
Nov 202452,348 chained 2017 dollars
Oct 202452,252 chained 2017 dollars
Sep 202452,159 chained 2017 dollars
Aug 202452,136 chained 2017 dollars
Jul 202452,135 chained 2017 dollars
Jun 202452,192 chained 2017 dollars
May 202452,124 chained 2017 dollars
Apr 202451,946 chained 2017 dollars
Mar 202451,924 chained 2017 dollars
Feb 202451,902 chained 2017 dollars
Jan 202451,878 chained 2017 dollars
Dec 202351,637 chained 2017 dollars
Nov 202351,515 chained 2017 dollars
Oct 202351,302 chained 2017 dollars
Sep 202351,171 chained 2017 dollars
Aug 202351,195 chained 2017 dollars
Jul 202351,166 chained 2017 dollars
Jun 202351,106 chained 2017 dollars
May 202351,085 chained 2017 dollars
Apr 202350,936 chained 2017 dollars
Mar 202350,861 chained 2017 dollars
Feb 202350,594 chained 2017 dollars
Jan 202350,353 chained 2017 dollars
Dec 202249,403 chained 2017 dollars
Nov 202249,210 chained 2017 dollars
Oct 202249,165 chained 2017 dollars
Sep 202249,043 chained 2017 dollars
Aug 202248,912 chained 2017 dollars
Jul 202248,660 chained 2017 dollars
Jun 202248,071 chained 2017 dollars
May 202248,219 chained 2017 dollars
Apr 202248,312 chained 2017 dollars
Mar 202248,344 chained 2017 dollars
Feb 202248,607 chained 2017 dollars
Jan 202248,616 chained 2017 dollars
Dec 202149,845 chained 2017 dollars
Nov 202150,093 chained 2017 dollars
Oct 202150,258 chained 2017 dollars
Sep 202150,266 chained 2017 dollars
Aug 202150,857 chained 2017 dollars
Jul 202150,982 chained 2017 dollars
Jun 202150,671 chained 2017 dollars
May 202150,939 chained 2017 dollars
Apr 202152,450 chained 2017 dollars
Mar 202161,793 chained 2017 dollars
Feb 202150,288 chained 2017 dollars
Jan 202154,791 chained 2017 dollars
Dec 202049,374 chained 2017 dollars
Nov 202049,323 chained 2017 dollars
Oct 202049,907 chained 2017 dollars
Sep 202050,099 chained 2017 dollars
Aug 202049,835 chained 2017 dollars
Jul 202051,838 chained 2017 dollars
Jun 202051,388 chained 2017 dollars
May 202051,575 chained 2017 dollars
Apr 202054,304 chained 2017 dollars
Mar 202047,344 chained 2017 dollars
Feb 202047,961 chained 2017 dollars
Jan 202047,800 chained 2017 dollars

Monthly observations are seasonally adjusted and expressed at an annual rate; $52,849 is not one month’s income. BEA’s measure is broader than cash take-home pay and differs from Census money income and CBO household resources elsewhere on this page. Personal taxes include federal, state and local personal taxes; this is not calculated by subtracting the CBO table from Census income.

BEA via FRED · Updated 2026-08-26 · Checked 2026-09-14. Historical estimates may be revised. Series and data ↗ · Inflation adjustment ↗

Income before and after taxes and benefits

Compare average household resources within each income group: starting income, plus means-tested benefits, minus federal taxes. These are accounting comparisons, not predictions of what incomes would be without those programs.

Calendar year 2022 · Average per household · All amounts in 2022 dollars. Gray = before; blue = after. Both bar columns use the same zero-to-$450,000 scale.

Before + means-tested benefits − federal taxes = after · Rounded CBO estimates
Income group Before + Benefits − Taxes After
Lowest fifth$26,200$19,000$400$44,800
Second fifth$59,100$9,600$5,600$63,100
Middle fifth$94,000$5,600$12,600$87,000
Fourth fifth$143,100$3,000$25,100$121,100
Highest fifth$412,600$1,700$106,700$307,600
All households$143,000$7,900$29,400$121,500

“Before” already includes social insurance, including Social Security and Medicare. “Benefits” adds means-tested programs only, including cash and noncash assistance from federal, state and local governments. The tax column covers federal taxes only. CBO uses PCE inflation adjustment; amounts are rounded to the nearest $100, so the displayed equation can differ by $100–$200. Negative-income households appear in the national total, not the five separate groups.

CBO · Latest year in this release: 2022 · Published 2026-01-21. Report and household income data ↗

Tax credits and measured poverty

A deduction reduces taxable income. A credit reduces tax directly; a refundable credit can also result in a payment when the credit exceeds the tax owed. Census estimates how counting these payments changes the number of people below its Supplemental Poverty Measure threshold.

Original-release estimates: These figures use the thresholds in Census’s September 2025 report. Thresholds were corrected in July 2026; these are not revised credit-effect estimates. Read the revision notice ↗

Refundable tax credits · 2024 · Original September 2025 release
Age group Fewer people below the threshold 90% margin of error
All ages6,768,000±462,000
Under 183,704,000±263,000
Ages 18–642,985,000±224,000
Ages 65+79,000±25,000

Bars start at zero and share a fixed 0–7 million people scale. “All ages” includes the three age groups below it. Refundable credits combine EITC and the refundable Child Tax Credit; the CTC-only estimate overlaps and must not be added to the combined estimate or subtracted to infer an EITC-only effect.

The SPM counts taxes, selected noncash assistance and necessary expenses, with thresholds that vary with housing and location. This differs from the official poverty measure based on pretax money income. The 2023 and 2024 counts also use different population controls, so a difference combines demographic changes and methodological updates. No year-to-year effect is calculated here.

Census CPS ASEC · Table B-7 · Checked 2026-09-14. Source table and uncertainty ↗ · Report and data-vintage notice ↗

Understanding New Mexico income

Median, average and per person

The median describes the middle household. Per-capita income is a population average, including children. BEA personal income also includes sources outside Census money income. These measures answer different questions.

Income, taxes and living costs

Before-tax money income is not take-home pay. Disposable personal income subtracts personal current taxes. Real personal income adjusts for prices. A state income-tax rate does not describe sales taxes, local property taxes, federal taxes or a household’s complete tax burden.

Annual and five-year estimates

The New Mexico ACS comparison pools 2020–2024 and expresses income in 2024 dollars. BEA annual history describes individual calendar years. A difference between the two series is not an income change.

Rankings and uncertainty

#1 means the highest measured value, not the best state. Survey ranks use point estimates; nearby values may not be distinguishable after sampling uncertainty. Larger tax collections can simply reflect a larger population or tax base.

What candidates are saying

Explore statements about income, wages and tax policy from FactVote’s New Mexico candidate profiles. Compare candidates within each recorded race, with each person’s matching statements kept together. These are candidate and campaign statements, not verified outcomes.

19 statements from 10 candidates

2026 New Mexico Governor and Lieutenant Governor — General Election

2 candidates with matching statements · 4 statements

Deb Haaland

2 statements

Democratic · Governor · NM

Taxes & tax policy

Give New Mexicans a raise by increasing the minimum wage and increasing the child tax credit.

Read exact statement & source

Source topic or question: Economy, jobs, taxes, and affordability

Candidate campaign source

Give New Mexicans a raise by increasing the minimum wage and increasing the child tax credit.

Statement date not recorded · Profile reviewed Sep 15, 2026

Deb Haaland — candidate-owned primary source 2 ↗
View 1 more statement from Deb Haaland
Income & wages

“I understand what it’s like to not be able to make ends meet despite working multiple jobs – it shouldn’t be this way. We need to make groceries, housing, and health care more affordable.” New Mexicans are struggling to make ends meet – they are doing everything right and still can’t get by. Deb kn…

Read exact statement & source

Source topic or question: Health care

Candidate campaign source

“I understand what it’s like to not be able to make ends meet despite working multiple jobs – it shouldn’t be this way. We need to make groceries, housing, and health care more affordable.” New Mexicans are struggling to make ends meet – they are doing everything right and still can’t get by. Deb knows this firsthand – she relied on benefits like SNAP, WIC, and Medicaid and moved forward after starting her own business selling salsa. New Mexicans need higher wages and lower bills, cheaper rent, and a stronger economy. We have the potential to lead in tech, energy, film, and our outdoor economy. Deb will create jobs and deliver on making New Mexico more affordable.

Statement date not recorded · Profile reviewed Sep 15, 2026

Deb Haaland — candidate-owned primary source 2 ↗

Gregg Hull

2 statements

Republican · Governor · NM

Taxes & tax policy

Support tax credits for the purchase of gun safes. Give people a simple incentive to do the right thing without forcing mandates on families.

Read exact statement & source

Source topic or question: Gun policy and firearms

Candidate campaign source

Support tax credits for the purchase of gun safes. Give people a simple incentive to do the right thing without forcing mandates on families.

Statement date not recorded · Profile reviewed Sep 15, 2026

Gregg Hull — candidate-owned primary source 10 ↗
View 1 more statement from Gregg Hull
Income & wages

Advanced manufacturing is another key driver. New Mexico has already seen growth in manufacturing jobs and wages, showing what is possible when the right conditions are in place. I will build on that progress by supporting targeted incentives for aerospace, defense, bioscience, energy technology, an…

Read exact statement & source

Source topic or question: Agriculture and rural policy

Candidate campaign source

Advanced manufacturing is another key driver. New Mexico has already seen growth in manufacturing jobs and wages, showing what is possible when the right conditions are in place. I will build on that progress by supporting targeted incentives for aerospace, defense, bioscience, energy technology, and precision manufacturing – industries that offer stable, high-skill careers in both urban and rural communities.

Statement date not recorded · Profile reviewed Sep 15, 2026

Gregg Hull — candidate-owned primary source 4 ↗

2026 New Mexico State Auditor — General Election

1 candidate with matching statements · 1 statement

Joseph Maestas

1 statement

Democratic · State Auditor · NM

Taxes & tax policy

✓ Invest in the Talent That Protects Your Tax DollarsAuditing is a people-first profession. We’ll fight for competitive salaries and career development for public auditors and forensic accountants—because great oversight starts with great public servants.

Read exact statement & source

Source topic or question: Elections, ethics, and government accountability

Candidate campaign source

✓ Invest in the Talent That Protects Your Tax DollarsAuditing is a people-first profession. We’ll fight for competitive salaries and career development for public auditors and forensic accountants—because great oversight starts with great public servants.

Statement date not recorded · Profile reviewed Sep 15, 2026

Joseph Maestas — candidate-owned primary source 2 ↗

2026 New Mexico State Treasurer — General Election

1 candidate with matching statements · 2 statements

James Ellison

2 statements

Republican · State Treasurer · NM

Taxes & tax policy

James will advocate for transferring the state's unclaimed property program — currently housed in the Taxation and Revenue Department — to the State Treasurer's Office, where it belongs. Taxation and Revenue is currently holding $390 million in unclaimed assets that belong to New Mexicans. Less than…

Read exact statement & source

Source topic or question: Public finance, audits, and accountability

Candidate campaign source

James will advocate for transferring the state's unclaimed property program — currently housed in the Taxation and Revenue Department — to the State Treasurer's Office, where it belongs. Taxation and Revenue is currently holding $390 million in unclaimed assets that belong to New Mexicans. Less than 5% of the assets held were returned to their rightful owners last year. Once transferred to the State Treasurer's Office, James will make returning these funds to their rightful owners a priority.

Statement date not recorded · Profile reviewed Sep 17, 2026

James Ellison — candidate-owned primary source ↗
View 1 more statement from James Ellison
Taxes & tax policy

Third, I will advocate for transferring the state’s unclaimed property program — currently housed in the Taxation and Revenue Department — to the State Treasurer’s Office, where it belongs. Taxation and Revenue is currently holding $390 million in unclaimed assets that belong to New Mexicans. Less t…

Read exact statement & source

Source topic or question: Candidate statement

Candidate campaign source

Third, I will advocate for transferring the state’s unclaimed property program — currently housed in the Taxation and Revenue Department — to the State Treasurer’s Office, where it belongs. Taxation and Revenue is currently holding $390 million in unclaimed assets that belong to New Mexicans. Less than 5% of the assets held were returned to their rightful owners last year. In 31 out of 50 states, this function sits with the state treasury. Whereas the mission of the State Treasurer’s Office is stewardship of the funds entrusted to it, Taxation and Revenue is set up to collect money — not distribute it. Once transferred to the State Treasurer’s Office, I will make returning these funds to their rightful owners a priority.

Statement date not recorded · Profile reviewed Sep 17, 2026

James Ellison — candidate-owned primary source ↗
Race groups · Page 1 of 3
How statements are selected

This section matches specific income, wages and tax policy terms in retained, attributed source text from published New Mexico candidate profiles. A profile heading or biography alone does not qualify. The Florida geography is fixed; saved state preferences cannot change these results. A mention can concern a community or group rather than Florida’s statewide measure.

Matching is automatic and does not establish a candidate’s stance, the accuracy of a claim, or an effect on the measured result. Results are grouped by recorded race, then by candidate name. Within each candidate, the matching issue mentions appear first. Only candidates with matching retained statements are shown; this is not a complete race roster. Repeated identical text for the same candidate is shown once. Coverage follows the existing state profiles and is not a complete record of all candidates or everything they have said. Review dates are not statement dates.

New Mexico incumbents

What incumbents are proposing

Explore reviewed bills sponsored by current New Mexico legislators and New Mexico’s congressional delegation, plus retained proposals from New Mexico’s governor and agencies. Each record keeps its latest recorded status and official evidence.

6 matching sponsorships or proposals · 6 New Mexico incumbents. These filters apply only to this section.

Eleanor Chávez

New Mexico House of Representatives, District 26 · D–NM

1 proposal
View proposals from Eleanor Chávez
New Mexico Legislature · HB 9

IMMIGRANT SAFETY ACT

Feb 5, 2026 · Enacted · Chapter 5

Eleanor Chávez · Sponsored

FactVote reviewed summary

The reviewed Immigrant Safety Act provisions of HB 9 prohibit public bodies from entering or renewing specified civil-immigration detention and deputization agreements and require existing covered agreements, upon the act’s effective date, to end at the earliest date allowed by their terms. For the covered section 1357(g)/287.7 agreements, public bodies must invoke a public-safety exigency termination clause where the agreement permits it. They restrict disposition of public property for that detention purpose while preserving lawful state-law detention and brief investigative stops. The signing does not establish that a particular agreement was terminated or a facility closed, and does not determine any resident’s immigration status.

Signed by Governor on 2026-02-05, Chapter 5 of the 2026 Regular Session. Enactment, effective dates, implementation and present enforceability are distinct.

Why this record is included

Foreign-born residents include naturalized citizens and both lawfully and unlawfully present noncitizens. The reviewed immigration provisions address subsets of this population and do not change birthplace or determine any particular resident’s status. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Residents who are foreign-born. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 2. DEFINITION.--As used in the Immigrant Safety Act, "public body" means a state or local government, a sheriff's department, an advisory board, a commission, an agency or an entity created by the constitution of New Mexico or any branch of government that receives public funding, including political subdivisions, special tax districts, school districts and institutions of higher education. "Public body" includes an entity or individual acting on behalf of or within the scope of the authority of the public body. SECTION 3. PROHIBITING PUBLIC BODIES FROM ENTERING INTO AGREEMENTS USED TO DETAIN INDIVIDUALS FOR FEDERAL CIVIL IMMIGRATION VIOLATIONS AND REQUIRING PUBLIC BODIES TO TERMINATE ANY SUCH EXISTING AGREEMENTS.-- A. A public body shall not enter into, extend, renew or otherwise agree to be a party to an agreement to detain individuals for federal civil immigration violations, including an intergovernmental services agreement to detain individuals for civil immigration violations. A public body shall not enter into, extend, renew or otherwise agree to a rider, amendment, supplement or other modification to an agreement where the rider, amendment, supplement or other modification is to detain individuals for federal civil immigration violations. B. A public body that is a party to an existing agreement that is used to detain individuals for federal civil immigration violations shall, upon the effective date of the Immigrant Safety Act, terminate the agreement upon the earliest date permissible under the terms of the agreement, with respect to all provisions that relate to the detention of individuals for federal civil immigration violations. C. A public body shall not sell, trade, lease or otherwise dispose of any real property to be used for the detention of individuals for federal civil immigration violations. D. A public body shall not impose or continue in effect any law, ordinance, policy or regulation that violates or conflicts with the provisions of the Immigrant Safety Act. E. Nothing in this section shall be construed to limit the ability of law enforcement personnel to detain individuals or to perform brief investigative stops as permitted by state law. SECTION 4. PROHIBITING PUBLIC BODIES FROM ENTERING INTO AGREEMENTS TO DEPUTIZE OFFICERS, EMPLOYEES OR AGENTS TO PERFORM FUNCTIONS OF IMMIGRATION OFFICERS.-- A. A public body shall not enter into, extend, renew or otherwise agree to be a party to an agreement to investigate, apprehend, detain or transport individuals pursuant to 8 U.S.C. Section 1357(g) or 8 C.F.R. Section 287.7. B. A public body shall not agree to be a party to an agreement that deputizes officers, employees or agents of the public body to perform a function of an immigration officer in relation to the investigation, apprehension, detention or transportation of noncitizens in the United States or the removal of noncitizens from the United States. C. A public body that is a party to an existing agreement to investigate, apprehend, detain or transport individuals pursuant to 8 U.S.C. Section 1357(g) or 8 C.F.R. Section 287.7 shall, upon the effective date of the Immigrant Safety Act, terminate the agreement upon the earliest date permissible under the terms of the agreement. Where the termination clause of the agreement permits the public body to invoke exigent circumstances involving public safety, the public body shall do so.
Review official supporting evidence ↗

Kristina Ortez

New Mexico House of Representatives, District 42 · D–NM

1 proposal
View proposals from Kristina Ortez
New Mexico Legislature · HB 41

CLEAN TRANSPORTATION FUEL STANDARDS

Mar 5, 2024 · Enacted · Chapter 54

Kristina Ortez · Sponsored

FactVote reviewed summary

The reviewed section 4 of HB 41 directs a clean transportation fuel program with rules due by July 1, 2026. It sets lifecycle carbon-intensity targets of at least 20% below 2018 levels by 2030 and 30% by 2040, with tradable credits, cost-containment mechanisms, stakeholder review and possible emergency or forecast-based deferral. These are statutory program requirements, not proof that rules were adopted, targets achieved or gasoline prices changed. The connection is to the gasoline component of transportation fuels.

Signed by Governor on 2024-03-05, Chapter 54 of the 2024 Regular Session. Enactment, effective dates, implementation and present enforceability are distinct.

Why this record is included

The price is EIA’s six-state Gulf Coast regular-gasoline series, including New Mexico, rather than a New Mexico statewide measurement. Gasoline taxes and the gasoline component of transportation-fuel standards concern parts of fuel costs and supply. Special fuels, aviation fuel and electricity generation are distinct. A policy connection does not establish a regional pump-price effect. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Gulf Coast regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 4. A new section of the Environmental Improvement Act is enacted to read: "CLEAN TRANSPORTATION FUEL STANDARD PROGRAM--RULES.-- A. The board shall promulgate rules to implement a clean transportation fuel standard program no later than July 1, 2026. B. Prior to the board promulgating rules pursuant to this section, the secretary shall convene an advisory committee composed of stakeholders from in-state and out-of- state producers of transportation fuels, transportation fuel distributors, local governments, utilities, tribal governments, environmental protection groups, environmental justice groups and other individuals or entities with relevant expertise to provide input and periodically review program rules. C. The clean transportation fuel standard program rules shall: (1) establish a statewide technology-neutral clean transportation fuel standard based on a schedule for annually decreasing the carbon intensity of transportation fuels used in the state; (2) apply the clean transportation fuel standard to account for the fuel lifecycle in order to reduce the carbon intensity of transportation fuels used in the state by at least twenty percent below 2018 carbon intensity levels by 2030 and at least thirty percent below 2018 carbon intensity levels by 2040; (3) establish technology-neutral mechanisms for generating, obtaining, trading, selling and retiring credits among transportation fuel producers, fuel distributors and other individuals or entities in the transportation fuel market, including additional credit opportunities from activities and projects that support the reduction or removal of greenhouse gas emissions associated with transportation in the state; (4) establish mechanisms, including cost- containment measures and credit holding limits, to allow credits to be banked for future compliance periods to stabilize and incentivize investment in the transportation fuel credit market, verify the validity of compliance obligations, maximize savings and limit consumer costs, ensure program compliance, trade credits and allow for market participation by persons who register in the market to facilitate credit generation; (5) require a utility that elects to participate in the program to invest all revenues from the sale of credits, not including administrative program costs, into distribution, grid modernization, infrastructure and other projects that support transportation decarbonization, with at least fifty percent of such revenues supporting low- income and underserved communities and with investor-owned utilities receiving regulatory treatment consistent with Section 62-8-12 NMSA 1978; (6) consider similar programs in other jurisdictions, allow for coordination with other jurisdictions to promote regional reductions or removal of greenhouse gas emissions and allow market participants to generate credits under any overlapping current and future federal transportation fuel regulations; (7) not discriminate against fuels solely on the basis of having originated in another state or jurisdiction; (8) establish a periodic review process that includes input from the advisory committee convened pursuant to Subsection B of this section to provide input on program rules and performance and determine potential adjustments if deemed necessary after review, including the superseding of the state program by federal legislation; (9) allow for a deferral of the program based on emergency or forecasted conditions; and (10) establish fees for the cost of the department's administration and enforcement of the program; provided that any fees are deposited in the state air quality permit fund. D. As used in this section: (1) "low-income" means annual household adjusted gross income, as defined in the Income Tax Act, of equal to or less than two hundred percent of the federal poverty level; and (2) "underserved community" means an area in this state, including a county, municipality or neighborhood, or subset of such area where the median income of the area is low-income."
Review official supporting evidence ↗

Patricia Roybal Caballero

New Mexico House of Representatives, District 13 · D–NM

1 proposal
View proposals from Patricia Roybal Caballero
New Mexico Legislature · HB 246

INCREASE MINIMUM WAGE

Feb 14, 2025 · Action postponed indefinitely

Patricia Roybal Caballero · Sponsored

FactVote reviewed summary

The reviewed introduced section 2 of HB 246 proposed a $17 hourly minimum wage beginning January 1, 2026, followed by annual adjustments from 2027 using the January 2026 wage multiplied by the ratio of the prior September’s CPI to September 2025 CPI, with no downward adjustment. It would replace the prior wage and tipped-wage schedules in that section, as well as the stated agricultural food, utilities, supplies and housing deduction. Employer notice of the next year’s rate would be due each November 1 beginning in 2026. The bill was action-postponed indefinitely; the proposed $17 rate is not presented as enacted or as measured household-income growth.

The official history records Action Postponed Indefinitely (API). The displayed date is the latest dated legislative action, not an independently dated postponement. This relationship reviews the introduced version; later substitutes and amendments are outside its selected excerpt. This bill did not enact the reviewed proposal.

Why this record is included

Census household money income is measured before taxes and includes wages and specified cash benefits. Minimum-wage provisions concern earnings; tax credits and in-kind benefits are not themselves increases in this statistic. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Median household income. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 2. Section 50-4-22 NMSA 1978 (being Laws 1955, Chapter 200, Section 3, as amended) is amended to read: "50-4-22. MINIMUM WAGES.-- A. On and after January 1, 2026, an employer shall pay to an employee a minimum wage rate of seventeen dollars ($17.00) an hour adjusted annually pursuant to the provisions of Subsection C of this section. B. An employee shall not be required to work more than forty hours in any week of seven days, unless the employee is paid one and one-half times the employee's regular hourly rate of pay for all hours worked in excess of forty hours. For an employee who is paid a fixed salary for fluctuating hours and who is employed by an employer a majority of whose business in New Mexico consists of providing investigative services to the federal government, the hourly rate may be calculated in accordance with the provisions of the federal Fair Labor Standards Act of 1938 and the regulations pursuant to that act; provided that in no case shall the hourly rate be less than the federal minimum wage. C. On January 1, 2027 and on January 1 of each successive year, the minimum wage rate shall be adjusted by multiplying the minimum wage as of January 1, 2026 by a fraction, the numerator of which is the consumer price index ending in September of the previous year and the denominator of which is the consumer price index ending September 2025; provided that the minimum wage rate shall not be adjusted downward as a result of a decrease in the consumer price index. By November 1, 2026 and by November 1 of each successive year, the workforce solutions department shall post on its website and otherwise notify employers of the minimum wage for the next year."
Review official supporting evidence ↗

Reena Szczepanski

New Mexico House of Representatives, District 47 · D–NM

1 proposal
View proposals from Reena Szczepanski
New Mexico Legislature · HB 2

HEALTH CARE COVERAGE CHANGES

Oct 3, 2025 · Enacted · Chapter 1

Reena Szczepanski · Sponsored

FactVote reviewed summary

The reviewed section 2 of the 2025 first-special-session HB 2 authorizes health-coverage rule and plan changes. If specified federal ACA changes would cause significant coverage loss, the Health Care Authority may expand eligibility to protect people at risk, subject to available funds. The separate plan concerns uninsured residents who do not qualify for federal premium assistance or exchange qualified health plans, with the stated exception for ineligibility by reason of incarceration, and prioritizes incomes below 200% of the federal poverty level. Reporting to the two specified legislative committees is due each October 31. This establishes authority and reporting requirements, not proof that the trigger occurred, rules were issued or additional people enrolled.

Signed by Governor on 2025-10-03, Chapter 1 of the 2025 1st Special Session. Enactment, effective dates, implementation and present enforceability are distinct.

Why this record is included

The fact measures people under age 65 without health insurance. Eligibility for coverage directly concerns this population; payment for a particular service for people already insured does not itself establish expanded insurance enrollment. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: People under 65 without health insurance. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 2. Section 59A-23F-12 NMSA 1978 (being Laws 2021, Chapter 136, Section 5, as amended) is amended to read: "59A-23F-12. HEALTH CARE AFFORDABILITY PLAN-- RULEMAKING--REPORTING REQUIREMENTS.-- A. Rules covering the following provisions may be amended as the health care authority determines: (1) providing enhanced premium and cost- sharing assistance to individuals and families for the purchase of qualified health plans on the New Mexico health insurance exchange. In providing this assistance, the health care authority shall develop health care affordability criteria designed to reduce the amount that individuals pay in premiums and out-of-pocket medical expenses for qualified health plans offered on the New Mexico health insurance exchange; and (2) establishing income eligibility parameters for the health care affordability criteria for plan year 2023 and each subsequent calendar year based on available funds. New Mexico residents who qualify shall: (a) have a household income below four hundred percent of the federal poverty level and qualify for the advanced premium tax credit under the federal Patient Protection and Affordable Care Act; or (b) meet all eligibility criteria for the advanced premium tax credit under the federal Patient Protection and Affordable Care Act except for household income requirements. B. If the federal Patient Protection and Affordable Care Act is repealed in full or in part by an act of congress, invalidated by the United States supreme court or administered by the United States department of health and human services in a way that alters eligibility criteria for the advanced premium tax credit in a manner that would cause significant coverage loss for New Mexico residents, the health care authority may promulgate rules to minimize loss of coverage by expanding eligibility to cover individuals at risk of losing coverage due to such changes, subject to available funds. C. The health care authority, in consultation with the superintendent, the New Mexico medical insurance pool, the department of health and stakeholder groups, including health care providers that serve uninsured residents, health insurance carriers and consumer advocacy groups, may update the plan for extending health care coverage access to uninsured New Mexico residents who do not qualify for federal premium assistance or, except by reason of incarceration, qualified health plans, through the New Mexico health insurance exchange. The plan shall include: (1) details about health care benefits; (2) health care affordability criteria designed to reduce the amount that individuals pay in premiums and out-of-pocket medical expenses under the plan and that result in, to the greatest extent possible, health care costs comparable to costs for New Mexico residents for whom assistance is provided under Subsection A of this section; and (3) income eligibility parameters that prioritize eligibility for New Mexico residents with incomes under two hundred percent of the federal poverty level. D. On or before October 31, 2024 and each October 31 thereafter, the health care authority shall submit a report to the legislative finance committee and the legislative health and human services committee that includes: (1) a summary of the affordability criteria implemented pursuant to Subsections A, B and C of this section; (2) the estimated number of uninsured New Mexico residents who enrolled in coverage following implementation of the affordability criteria pursuant to Subsections A, B and C of this section; and (3) the amount in reduced costs and coverage assistance the initiatives provided in the current and previous calendar years by income level, county and coverage source."
Review official supporting evidence ↗

Rep. Melanie A. Stansbury

U.S. House of Representatives, New Mexico District 1 · D–NM

1 proposal
View proposals from Rep. Melanie A. Stansbury
U.S. Congress · New Mexico delegation · HR 4734

Hands Off Our Social Security Act

Jul 23, 2025 · In Congress

Rep. Melanie A. Stansbury · Sponsored

FactVote reviewed summary

The reviewed section 3 of HR 4734 would prohibit federal officers, special government employees and contractors from altering, withholding or delaying Social Security benefits without legal authorization, and would require an Act of Congress to modify benefits. Melanie Stansbury is the verified primary sponsor. The proposal concerns benefit administration, including OASDI, without establishing an increase in beneficiary counts or any completed benefit change.

Referred to the House Committee on Ways and Means. No enactment of this bill is recorded at the review cutoff.

Why this record is included

The fact counts OASDI retirement, survivor and disability beneficiaries in current-payment status. Rules governing benefit delivery concern that program without proving changes in the number of recipients. SSI, Medicare, taxation of benefits and Social Security number issuance are separate matters. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Social Security beneficiaries. This record’s connection to the topic does not establish an effect on the measured result.

3.Prohibition on tampering with social security benefits (a) No Federal officer, special government employee, or contractor shall alter, withhold, or delay Social Security benefits in any manner that is not authorized by law. (b)Any action to modify Social Security benefits shall require an Act of Congress.
Review official supporting evidence ↗

Roberto "Bobby" J. Gonzales

New Mexico Senate, District 6 · D–NM

1 proposal
View proposals from Roberto "Bobby" J. Gonzales
New Mexico Legislature · SB 76

EXPAND GAS & SPECIAL FUELS TAXES

Feb 17, 2026 · Action postponed indefinitely

Roberto "Bobby" J. Gonzales · Sponsored

FactVote reviewed summary

As introduced, SB 76 proposed a gasoline excise tax of 23 cents per gallon received in New Mexico, replacing 17 cents. The special-fuel provisions are outside this fact-specific excerpt. The bill was action-postponed indefinitely; the proposed rate is not presented as the current tax or as a measured change in the regional pump price.

The official history records Action Postponed Indefinitely (API). The displayed date is the latest dated legislative action, not an independently dated postponement. This relationship reviews the introduced version; later substitutes and amendments are outside its selected excerpt. This bill did not enact the reviewed proposal.

Why this record is included

The price is EIA’s six-state Gulf Coast regular-gasoline series, including New Mexico, rather than a New Mexico statewide measurement. Gasoline taxes and the gasoline component of transportation-fuel standards concern parts of fuel costs and supply. Special fuels, aviation fuel and electricity generation are distinct. A policy connection does not establish a regional pump-price effect. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Gulf Coast regular gasoline price. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 1. Section 7-13-3 NMSA 1978 (being Laws 1971, Chapter 207, Section 3, as amended) is amended to read: "7-13-3. IMPOSITION AND RATE OF TAX--DENOMINATION AS "GASOLINE TAX".-- A. For the privilege of receiving gasoline in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of gasoline received in New Mexico. B. The tax imposed by Subsection A of this section shall be twenty-three cents ($.23) per gallon received in New Mexico. C. The tax imposed by this section may be called the "gasoline tax"."
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What sponsorship and proposal counts tell us

Only current New Mexico officeholders retained in the reviewed collection qualify. Bills require a recorded primary sponsorship; cosponsors and signing officials are excluded from sponsorship counts. An official introducer recorded as acting by request is labeled “Introduced by request”; that procedural role does not establish personal policy endorsement. Governor and agency records qualify when recorded as proposed. A separately verified governor transmittal can also establish an original proposal whose latest status reflects its later outcome. Signing an enacted law alone does not establish a proposal. A record appearing under several facts is counted once per officeholder. A bill with multiple primary sponsors appears under each recorded sponsor.

Enacted bills, adopted resolutions and unsuccessful measures remain visible as proposal history. Passing one chamber is not enactment. These counts do not measure effectiveness or prove that an action changed a New Mexico statistic. Collection reviewed Sep 16, 2026.