New Mexico Minimum Wage 2026
The New Mexico minimum wage is $12.00 an hour in 2026. Not adjusted for inflation. Santa Fe and Las Cruces set higher local minimums.
| Hourly | $12.00 |
| Daily (8 hours) | $96.00 |
| Weekly (40 hours) | $480.00 |
| Every 2 weeks | $960.00 |
| Monthly | $2,080.00 |
| Yearly | $24,960 |
| Overtime hour (1.5×) | $18.00 |
| Federal income tax | -$886 |
| Social Security + Medicare | -$1,909 |
| New Mexico taxes | -$190 |
| Take-home pay | $21,975 |
New Mexico vs neighboring states
| State | 2026 minimum wage | Full-time yearly |
|---|---|---|
| New Mexico | $12.00 | $24,960 |
| Arizona | $15.15 | $31,512 |
| Colorado | $15.16 | $31,533 |
| Oklahoma | $7.25 | $15,080 |
| Texas | $7.25 | $15,080 |
Common questions
What is the New Mexico minimum wage in 2026?
The New Mexico minimum wage is $12.00 an hour in 2026. Not adjusted for inflation. Santa Fe and Las Cruces set higher local minimums.
When did the New Mexico minimum wage last change?
The current $12.00 rate has applied since January 1, 2023.
How much is minimum wage full time in New Mexico after taxes?
Working 40 hours a week, $12.00 an hour is $24,960 a year before taxes. A single filer keeps about $21,975 a year, or $845.17 every two weeks, after federal and New Mexico taxes.
Is the New Mexico minimum wage higher than the federal minimum wage?
Yes. At $12.00 an hour, New Mexico's minimum is $4.75 (66%) above the federal $7.25. When state and federal rates differ, employers must pay the higher one.
What is overtime pay at the New Mexico minimum wage?
Overtime is at least 1.5 times the regular rate, so each overtime hour at the New Mexico minimum wage pays at least $18.00.
Some workers, such as tipped employees, minors and employees of very small businesses, may have different minimums. Check the New Mexico labor department for your situation.