North Carolina vs New Mexico Taxes: Income, Property & Sales

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

North Carolina vs New Mexico Income Tax Comparison

	North Carolina	New Mexico
Income Tax Rates & Thresholds	4.99%	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	$65,070	$56,420
Income Tax Paid On Median Household Income	$9,694	$7,031
Income After Tax Based on Median Household Income	$55,376	$49,389

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North Carolina vs New Mexico Property Tax Comparison

	North Carolina	New Mexico
Average Property Tax Rate	0.52%	0.60%
Average House Price By State	$321,447	$293,766
Average Property Tax Owed Per Year	$1,672	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$53,704	$47,626

North Carolina vs New Mexico Sales Tax Comparison

	North Carolina	New Mexico
Average State Sales Tax	4.75%	5.13%
Average Local Sales Tax Across the State	2.23%	2.71%
Average Combined Sales Tax Rate	6.98%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,504	$3,462
Maximum Disposable Income Based on Median Household Income	$50,200	$44,164

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

	North Carolina	New Mexico
Income Tax Owed	$4,400	$4,086
After Tax Income	$35,600	$35,914
Income After Income & Property Tax	$33,928	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$31,715	$31,669

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

	North Carolina	New Mexico
Income Tax Owed	$8,326	$7,994
After Tax Income	$51,674	$52,006
Income After Income & Property Tax	$50,002	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$46,740	$46,591

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

	North Carolina	New Mexico
Income Tax Owed	$13,724	$13,374
After Tax Income	$66,276	$66,626
Income After Income & Property Tax	$64,604	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$60,389	$60,148

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

	North Carolina	New Mexico
Income Tax Owed	$19,122	$18,754
After Tax Income	$80,878	$81,246
Income After Income & Property Tax	$79,206	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$74,039	$73,705

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

	North Carolina	New Mexico
Income Tax Owed	$12,198	$11,704
After Tax Income	$87,802	$88,296
Income After Income & Property Tax	$86,130	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$80,511	$80,242

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

	North Carolina	New Mexico
Income Tax Owed	$24,748	$24,209
After Tax Income	$125,252	$125,791
Income After Income & Property Tax	$123,580	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$115,517	$115,012

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

	North Carolina	New Mexico
Income Tax Owed	$38,243	$37,659
After Tax Income	$161,757	$162,341
Income After Income & Property Tax	$160,085	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$149,641	$148,904

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

	North Carolina	New Mexico
Income Tax Owed	$52,657	$52,028
After Tax Income	$197,343	$197,972
Income After Income & Property Tax	$195,671	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$182,905	$181,945

FAQ

Does North Carolina or New Mexico have lower income taxes?

North Carolina’s income tax falls into the following range: 4.99%

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 North Carolina or New Mexico have lower property taxes?

North Carolina has an average property tax rate of 0.52%

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

Does North Carolina or New Mexico have lower sales taxes?

North Carolina has a state sales tax rate of 4.75% and an average local rate of 2.23% for a combined total rate of 6.98%.

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 North Carolina or New Mexico?

Based on median household income after income, property and sales taxes North Carolina gives you a maximum amount of disposable income of $50,200

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

More Comparisons:

North Carolina vs Nebraska
North Carolina vs Idaho
North Carolina vs West Virginia
North Carolina vs Hawaii
North Carolina 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/