New Mexico vs Hawaii Taxes: Income, Property & Sales

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

New Mexico vs Hawaii Income Tax Comparison

	New Mexico	Hawaii
Income Tax Rates & Thresholds	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+	1.40%: $0-$2,400 3.20%: $2,401-$4,800 5.50%: $4,801-$9,600 6.40%: $9,601-$14,400 6.80%: $14401-$19,200 7.20%: $19201-$24,000 7.60%: $24,001-$36,000 7.90%: $36,001-$48,000 8.25%: $48,001-$150,000 9.00%: $15,0001-$175,000 10.00%: $175,001-$200,000 11.00%: $200,001+
Median Income	$56,420	$91,010
Income Tax Paid On Median Household Income	$7,031	$19,276
Income After Tax Based on Median Household Income	$49,389	$71,734

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New Mexico vs Hawaii Property Tax Comparison

	New Mexico	Hawaii
Average Property Tax Rate	0.60%	0.30%
Average House Price By State	$293,766	$966,572
Average Property Tax Owed Per Year	$1,763	$2,900
Income After Income Taxes & Property Taxes Based On Median State Household Income	$47,626	$68,834

New Mexico vs Hawaii Sales Tax Comparison

	New Mexico	Hawaii
Average State Sales Tax	5.13%	4.00%
Average Local Sales Tax Across the State	2.71%	0.44%
Average Combined Sales Tax Rate	7.84%	4.44%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,462	$2,926
Maximum Disposable Income Based on Median Household Income	$44,164	$65,908

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

	New Mexico	Hawaii
Income Tax Owed	$4,086	$5,358
After Tax Income	$35,914	$34,642
Income After Income & Property Tax	$34,151	$31,742
Maximum Disposable Income After Income, Property & Sales Taxes	$31,669	$30,393

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

	New Mexico	Hawaii
Income Tax Owed	$7,994	$9,896
After Tax Income	$52,006	$50,104
Income After Income & Property Tax	$50,243	$47,204
Maximum Disposable Income After Income, Property & Sales Taxes	$46,591	$45,198

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

	New Mexico	Hawaii
Income Tax Owed	$13,374	$15,946
After Tax Income	$66,626	$64,054
Income After Income & Property Tax	$64,863	$61,154
Maximum Disposable Income After Income, Property & Sales Taxes	$60,148	$58,554

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

	New Mexico	Hawaii
Income Tax Owed	$18,754	$21,996
After Tax Income	$81,246	$78,004
Income After Income & Property Tax	$79,483	$75,104
Maximum Disposable Income After Income, Property & Sales Taxes	$73,705	$71,911

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

	New Mexico	Hawaii
Income Tax Owed	$11,704	$14,696
After Tax Income	$88,296	$85,304
Income After Income & Property Tax	$86,533	$82,404
Maximum Disposable Income After Income, Property & Sales Taxes	$80,242	$78,901

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

	New Mexico	Hawaii
Income Tax Owed	$24,209	$28,866
After Tax Income	$125,791	$121,134
Income After Income & Property Tax	$124,028	$118,234
Maximum Disposable Income After Income, Property & Sales Taxes	$115,012	$113,208

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

	New Mexico	Hawaii
Income Tax Owed	$37,659	$43,991
After Tax Income	$162,341	$156,009
Income After Income & Property Tax	$160,578	$153,109
Maximum Disposable Income After Income, Property & Sales Taxes	$148,904	$146,600

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

	New Mexico	Hawaii
Income Tax Owed	$52,028	$60,035
After Tax Income	$197,972	$189,965
Income After Income & Property Tax	$196,209	$187,065
Maximum Disposable Income After Income, Property & Sales Taxes	$181,945	$179,113

FAQ

Does New Mexico or Hawaii have lower income taxes?

New Mexico’s income tax falls into the following range:

• 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+

Whereas Hawaii’s income tax is the following

• 1.40%: $0-$2,400
• 3.20%: $2,401-$4,800
• 5.50%: $4,801-$9,600
• 6.40%: $9,601-$14,400
• 6.80%: $14401-$19,200
• 7.20%: $19201-$24,000
• 7.60%: $24,001-$36,000
• 7.90%: $36,001-$48,000
• 8.25%: $48,001-$150,000
• 9.00%: $15,0001-$175,000
• 10.00%: $175,001-$200,000
• 11.00%: $200,001+

Does New Mexico or Hawaii have lower property taxes?

New Mexico has an average property tax rate of 0.60%

In comparison, Hawaii has an average property tax rate of 0.30%

Does New Mexico or Hawaii have lower sales taxes?

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%.

In contrast, Hawaii has a state sales tax rate of 4.00% and an average local rate of 0.44% for a combined total rate of 4.44%.

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

Based on median household income after income, property and sales taxes New Mexico gives you a maximum amount of disposable income of $44,164

In comparison, Hawaii gives you $65,908.

More Comparisons:

New Mexico vs New Hampshire
New Mexico vs Maine
New Mexico vs Montana
New Mexico vs Rhode Island
New Mexico vs Delaware

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/