New Mexico Minimum Wage Calculator 2026
New Mexico minimum wage: $12/hr (tipped: $3/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.
How This Calculator Works
Calculation methodology and assumptions
This calculator computes annual, monthly, and weekly earnings at New Mexico's minimum wage of $12/hr. For tipped employees, the base rate is $3/hr. The federal minimum wage is $7.25/hr — New Mexico's rate is higher, so the state rate applies. Calculations assume no overtime and consistent hours.
Key State Information
New Mexico minimum wage: $12/hr. Tipped rate: $3/hr. New Mexico allows a tip credit, meaning employers can pay tipped employees $3/hr as long as tips bring total compensation to at least $12/hr.
Frequently Asked Questions
What is the minimum wage in New Mexico in 2026?
New Mexico's minimum wage is $12/hr as of 2026. For tipped employees, the minimum is $3/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $24,960 gross annual income.
Is New Mexico's minimum wage going up?
Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check New Mexico's Department of Labor for upcoming rate changes. Several states are gradually increasing toward $15/hr.
Can you live on minimum wage in New Mexico?
New Mexico's cost of living index is 94.6 (100 = national average). At $12/hr full time, you'd earn about $24,960/year before taxes. This would be challenging but slightly more manageable than in high-cost states.