Massachusetts vs New Mexico Taxes: Income, Property & Sales

Does Massachusetts or New Mexico have lower taxes? We answer that in a variety of ways below:

Massachusetts vs New Mexico Income Tax Comparison

	Massachusetts	New Mexico
Income Tax Rates & Thresholds	5.00%	1.70%: $0-$5,500 3.20%: $5,501-$11,000 4.70%: $11,001-$16,000 4.90%: $16,001-$210,000 5.90%: $210,001+
Median Income	$93,550	$56,420
Income Tax Paid On Median Household Income	$17,806	$7,031
Income After Tax Based on Median Household Income	$75,744	$49,389

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Massachusetts vs New Mexico Property Tax Comparison

	Massachusetts	New Mexico
Average Property Tax Rate	0.94%	0.60%
Average House Price By State	$608,542	$293,766
Average Property Tax Owed Per Year	$5,720	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$70,024	$47,626

Massachusetts vs New Mexico Sales Tax Comparison

	Massachusetts	New Mexico
Average State Sales Tax	6.25%	5.13%
Average Local Sales Tax Across the State	0.00%	2.71%
Average Combined Sales Tax Rate	6.25%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,119	$3,462
Maximum Disposable Income Based on Median Household Income	$65,905	$44,164

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Massachusetts	New Mexico
Income Tax Owed	$4,820	$4,086
After Tax Income	$35,180	$35,914
Income After Income & Property Tax	$29,460	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$27,727	$31,669

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Massachusetts	New Mexico
Income Tax Owed	$8,748	$7,994
After Tax Income	$51,252	$52,006
Income After Income & Property Tax	$45,532	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$42,853	$46,591

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Massachusetts	New Mexico
Income Tax Owed	$14,148	$13,374
After Tax Income	$65,852	$66,626
Income After Income & Property Tax	$60,132	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$56,595	$60,148

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Massachusetts	New Mexico
Income Tax Owed	$19,548	$18,754
After Tax Income	$80,452	$81,246
Income After Income & Property Tax	$74,732	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$70,336	$73,705

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Massachusetts	New Mexico
Income Tax Owed	$13,041	$11,704
After Tax Income	$86,959	$88,296
Income After Income & Property Tax	$81,239	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$76,460	$80,242

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Massachusetts	New Mexico
Income Tax Owed	$25,596	$24,209
After Tax Income	$124,404	$125,791
Income After Income & Property Tax	$118,684	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$111,702	$115,012

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Massachusetts	New Mexico
Income Tax Owed	$39,096	$37,659
After Tax Income	$160,904	$162,341
Income After Income & Property Tax	$155,184	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$146,055	$148,904

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Massachusetts	New Mexico
Income Tax Owed	$53,515	$52,028
After Tax Income	$196,485	$197,972
Income After Income & Property Tax	$190,765	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$179,543	$181,945

FAQ

Does Massachusetts or New Mexico have lower income taxes?

Massachusetts’s income tax falls into the following range: 5.00%

Whereas New Mexico’s income tax is the following

• 1.70%: $0-$5,500
• 3.20%: $5,501-$11,000
• 4.70%: $11,001-$16,000
• 4.90%: $16,001-$210,000
• 5.90%: $210,001+

Does Massachusetts or New Mexico have lower property taxes?

Massachusetts has an average property tax rate of 0.94%

In comparison, New Mexico has an average property tax rate of 0.60%

Does Massachusetts or New Mexico have lower sales taxes?

Massachusetts has a state sales tax rate of 6.25% and an average local rate of 0.00% for a combined total rate of 6.25%.

In contrast, New Mexico has a state sales tax rate of 5.13% and an average local rate of 2.71% for a combined total rate of 7.84%.

Do you get to keep more money in Massachusetts or New Mexico?

Based on median household income after income, property and sales taxes Massachusetts gives you a maximum amount of disposable income of $65,905

In comparison, New Mexico gives you $44,164.

More Comparisons:

Massachusetts vs Nebraska
Massachusetts vs Idaho
Massachusetts vs West Virginia
Massachusetts vs Hawaii
Massachusetts vs New Hampshire

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/