1New Mexico
Lowest21.0%
Overall effective tax rate
- Net
- Federal
- State
- FICA
- Federal income tax
- $7,670
- State income tax
- $2,359
- Payroll tax (FICA)
- $5,738
- Total tax
- $15,767
- Net income (annual)
- $59,233
Tax year 2026 · state vs state
New Mexico vs New York Income Tax Comparison (2026)
On a $75,000 salary (single filer, 2026), you pay $1,094 less state income tax a year in New Mexico than in New York, which is about $91 a month. At $150,000 the gap is $1,791 in favor of New Mexico.
New Mexico: up to 5.9%New York: up to 10.9%Updated October 10, 2026
Compare New Mexico and New York for your income
Estimate for education only, not tax advice. 2026 federal and state rules, standard deductions, no local taxes. How we calculate.
State comparison
Comparing 2 states, sorted by lowest overall tax rate.
2New York
22.5%
Overall effective tax rate
- Net
- Federal
- State
- FICA
- Federal income tax
- $7,670
- State income tax
- $3,453
- Payroll tax (FICA)
- $5,738
- Total tax
- $16,861
- Net income (annual)
- $58,140
Advanced analysis (optional)
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💰 Monthly breakdown
Your take-home pay, spread across the year
New Mexico
Monthly gross$6,250
Monthly tax$1,314
Monthly take-home$4,936
New York
Monthly gross$6,250
Monthly tax$1,405
Monthly take-home$4,845
Estimates use 2026 federal and state rates, the standard deduction for your filing status and no local taxes. Rankings use state income tax only.
New Mexico vs New York: how the two systems differ
| New Mexico | New York | |
|---|---|---|
| Wage income tax | Progressive, 6 brackets | Progressive, 9 brackets |
| Top rate | 5.9% | 10.9% |
| Lowest rate | 1.5% | 3.9% |
| Deductions and credits (single) | $16,100 standard deduction | $8,000 standard deduction |
State income tax and take-home pay at every salary
The same salary can leave you with different take-home pay depending on the state. This table applies each state’s 2026 rules to a single filer with no pre-tax contributions.
| Income | NM state tax | NY state tax | Difference | NM take-home | NY take-home |
|---|---|---|---|---|---|
| $30,000 | $351 | $1,023 | $672 less in New Mexico | $25,934 | $25,262 |
| $40,000 | $753 | $1,563 | $810 less in New Mexico | $33,567 | $32,757 |
| $50,000 | $1,184 | $2,103 | $919 less in New Mexico | $41,171 | $40,252 |
| $60,000 | $1,654 | $2,643 | $989 less in New Mexico | $48,736 | $47,747 |
| $75,000 | $2,359 | $3,453 | $1,094 less in New Mexico | $59,233 | $58,140 |
| $100,000 | $3,569 | $4,860 | $1,291 less in New Mexico | $75,611 | $74,320 |
| $150,000 | $6,019 | $7,810 | $1,791 less in New Mexico | $107,772 | $105,981 |
| $250,000 | $11,158 | $13,962 | $2,804 less in New Mexico | $172,024 | $169,220 |
Single filer, 2026, federal standard deduction. Take-home is after federal, state and payroll tax. No local taxes.
Married filing jointly
| Income | NM state tax | NY state tax | Difference | NM take-home | NY take-home |
|---|---|---|---|---|---|
| $75,000 | $1,429 | $2,851 | $1,421 less in New Mexico | $63,193 | $61,772 |
| $100,000 | $2,576 | $4,201 | $1,625 less in New Mexico | $82,134 | $80,509 |
| $150,000 | $4,961 | $6,901 | $1,940 less in New Mexico | $118,224 | $116,284 |
| $250,000 | $9,861 | $12,663 | $2,802 less in New Mexico | $187,607 | $184,805 |
Married filing jointly, 2026, federal standard deduction. Uses each state's joint brackets where they differ.
Does the lower-tax state change as income rises?
Across every income from $10,000 to $1,000,000 that we tested, New Mexico charges the same or less state income tax than New York for a single filer, so there is no income level where the ranking flips.
Rates side by side
New Mexico (single filers)
| 1.5% | Up to $5,500 |
| 3.2% | $5,501 to $16,500 |
| 4.3% | $16,501 to $33,500 |
| 4.7% | $33,501 to $66,500 |
| 4.9% | $66,501 to $210,000 |
| 5.9% | Over $210,000 |
New York (single filers)
| 3.9% | Up to $8,500 |
| 4.4% | $8,501 to $11,700 |
| 5.15% | $11,701 to $13,900 |
| 5.4% | $13,901 to $80,650 |
| 5.9% | $80,651 to $215,400 |
| 6.85% | $215,401 to $1,077,550 |
| 9.65% | $1,077,551 to $5,000,000 |
| 10.3% | $5,000,001 to $25,000,000 |
| 10.9% | Over $25,000,000 |
- New York: New York City and Yonkers residents also pay a local income tax (New York City is roughly 3.1% to 3.9%), which is not included here.
Full details for each state: New Mexico income tax calculator and New York income tax calculator. Federal rates are on the 2026 federal tax brackets page.
New Mexico vs New York FAQ
Which has lower income tax, New Mexico or New York?+
New Mexico is lower at $75,000: $2,359 of state income tax versus $3,453 in New York. At $150,000 it is $6,019 in New Mexico and $7,810 in New York. Across every income from $10,000 to $1,000,000 that we tested, New Mexico charges the same or less state income tax than New York for a single filer, so there is no income level where the ranking flips.
How much more do I keep on $100,000 in New Mexico versus New York?+
A single filer keeping $75,611 a year in New Mexico would keep $74,320 in New York after federal, state and payroll tax. The difference is $1,291 a year, or $108 a month.
How do the New Mexico and New York income tax systems differ?+
New Mexico uses progressive rates up to 5.9%; New York uses progressive rates up to 10.9%. State deductions and exemptions also differ, which changes how much income is taxed.
Are local taxes included in this New Mexico vs New York comparison?+
No. It covers federal income tax, Social Security, Medicare and state income tax only. City, county, sales and property taxes are not included, and they can change the real cost of living in each state.
Should I move from New Mexico to New York to save on taxes?+
State income tax is one cost among many. Property and sales taxes, housing, insurance and wages also differ, and you may owe tax to both states in the year you move. Use this comparison as one input and confirm details with a tax professional.
Sources
- Tax Foundation: 2026 state individual income tax rates and brackets
- IRS: Tax inflation adjustments for tax year 2026
Last checked October 10, 2026. Confirm with your state tax agency before filing.
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Estimates for education only, not tax, legal or financial advice. Not a substitute for a tax professional or your state revenue department.