New Mexico’s state minimum wage rate is $11.50 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
What is the starting pay in New Mexico?
$11.50 per hour
Most New Mexico businesses will see the state minimum wage increase and will be required to pay a minimum wage of: $11.50 per hour effective January 1, 2022 (previously $10.50 per hour effective January 1, 2021)
What is the average hourly wage in New Mexico?
Hourly Rate Salary in New Mexico
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $55,257 | $27 |
| 75th Percentile | $42,879 | $21 |
| Average | $35,505 | $17 |
| 25th Percentile | $25,639 | $12 |
What is a livable salary in New Mexico?
Living Wage Calculation for Bernalillo County, New Mexico
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.03 | $22.58 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $11.50 | $11.50 |
How much does the average New Mexican make?
The average annual salary in the city was $51,590. The estimates reveal that New Mexico’s average hourly wage across all industries was lower than in 35 other states. The pay estimates are made from survey data collected each year from businesses across the nation.
What is minimum wage in NM?
$11.50 per hour
New Mexico Minimum Wage for 2021, 2022. New Mexico’s state minimum wage rate is $11.50 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
What does Walmart pay in New Mexico?
Working at Walmart:
Associates in New Mexico: 15,222. Average wage2: $16.25.
What is the poorest town in New Mexico?
Deming, New Mexico
In Deming, the poorest town in New Mexico, the median income is just $26,044 a year.
What jobs are in demand in New Mexico?
In-Demand Industries
- Healthcare. Healthcare is a critical, growing industry, both in New Mexico and across the country.
- Information Technology (IT)
- Science, Technology, Engineering, & Mathematics (STEM)
- Construction.
- Education.
Whats the average salary in Texas?
Texas’ average annual wages were $57,382 as of the fourth quarter of 2018, slightly higher than the U.S. average of $56,945 and 12th among the states.
Is New Mexico expensive to live in?
Low Cost of Living
New Mexico is renowned for its low cost of living, about 3.1% lower than the national average. The average home in New Mexico costs roughly $151,000.
What is the cheapest place to live in New Mexico?
The 5 Most Affordable Cities in New Mexico
- Santa Fe. Founded by the Spanish in 1610, Santa Fe, which is also the state capital, has a lot of history.
- Alamogordo.
- Rio Rancho.
- Carlsbad.
- Hobbs.
Is it cheaper to live in Texas or New Mexico?
Texas is 1.4% more expensive than New Mexico.
What is considered high income in New Mexico?
Average Household Income: $70,241. Per Capita Income: $27,945. 4.1% of Households in New Mexico are High Income Households that make over $200,000 a year.
What is New Mexico state income tax?
While New Mexico does not have a state sales tax it does have a statewide “gross receipts tax”, which is commonly passed on to the consumer by businesses just like a normal sales tax. Its state income tax ranges from 1.7% to a maximum of 4.9%.
What is the coldest month in Albuquerque?
The cold season lasts for 2.9 months, from November 21 to February 18, with an average daily high temperature below 56°F. The coldest month of the year in Albuquerque is December, with an average low of 29°F and high of 49°F.
What is full time hours in New Mexico?
18 hours in a school week; 8 hours on a non-school day; 40 hours on a non-school week; and. Hours between 7 a.m. and 7 p.m. (except from June 1 through Labor Day, when evening hours are extended to 9 p.m.)
What is the minimum wage in Albuquerque 2021?
$10.50
2022 Minimum Wage Rates
| Minimum Wage of | January 2021 | *Effective Wage as of January 2022 |
|---|---|---|
| Minimum Wage | $10.50 | $11.50 |
| With Health Care | $9.50 | $11.50 |
| Tipped Employee (60% of minimum in 2022) | $6.30 | $6.90 |
Is New Mexico a good place to live?
A WalletHub study has compared the states on 52 indicators of livability and has determined that New Mexico ranks 50th as 2021’s best states to live in. The states were compared across five factors including affordability, economy, education and health, quality of life, and safety.
What is the richest city in New Mexico?
According to the report, the wealthiest city in New Mexico is Corrales Village. Here are some Corrales Village statistics: Median household income: $85,580 (24.6% more than U.S. median income) Households earning over $200,000: 612 (16.5% of households)
What is the poorest state in USA?
Mississippi
Mississippi is the poorest U.S. state. Mississippi’s median household income is $45,792, the lowest in the country, with a livable wage of $46,000. Additionally, the state has a poverty rate of 19.6%, the highest of any state.
