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

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

South Carolina vs New Mexico Income Tax Comparison

	South Carolina	New Mexico
Income Tax Rates & Thresholds	0.00%: $0-$3,200 3.00%: $3,201-$16,040 6.50%: $16,041+	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	$61,770	$56,420
Income Tax Paid On Median Household Income	$9,230	$7,031
Income After Tax Based on Median Household Income	$52,540	$49,389

Top Accounting Software:

South Carolina vs New Mexico Property Tax Comparison

	South Carolina	New Mexico
Average Property Tax Rate	0.46%	0.60%
Average House Price By State	$289,791	$293,766
Average Property Tax Owed Per Year	$1,333	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$51,207	$47,626

South Carolina vs New Mexico Sales Tax Comparison

	South Carolina	New Mexico
Average State Sales Tax	6.00%	5.13%
Average Local Sales Tax Across the State	1.44%	2.71%
Average Combined Sales Tax Rate	7.44%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,546	$3,462
Maximum Disposable Income Based on Median Household Income	$47,661	$44,164

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

	South Carolina	New Mexico
Income Tax Owed	$4,389	$4,086
After Tax Income	$35,611	$35,914
Income After Income & Property Tax	$34,278	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$31,904	$31,669

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

	South Carolina	New Mexico
Income Tax Owed	$8,716	$7,994
After Tax Income	$51,284	$52,006
Income After Income & Property Tax	$49,951	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$46,492	$46,591

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

	South Carolina	New Mexico
Income Tax Owed	$14,516	$13,374
After Tax Income	$65,484	$66,626
Income After Income & Property Tax	$64,151	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$59,709	$60,148

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

	South Carolina	New Mexico
Income Tax Owed	$20,316	$18,754
After Tax Income	$79,684	$81,246
Income After Income & Property Tax	$78,351	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$72,925	$73,705

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

	South Carolina	New Mexico
Income Tax Owed	$13,123	$11,704
After Tax Income	$86,877	$88,296
Income After Income & Property Tax	$85,544	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$79,620	$80,242

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

	South Carolina	New Mexico
Income Tax Owed	$26,678	$24,209
After Tax Income	$123,322	$125,791
Income After Income & Property Tax	$121,989	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$113,541	$115,012

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

	South Carolina	New Mexico
Income Tax Owed	$41,178	$37,659
After Tax Income	$158,822	$162,341
Income After Income & Property Tax	$157,489	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$146,583	$148,904

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

	South Carolina	New Mexico
Income Tax Owed	$56,597	$52,028
After Tax Income	$193,403	$197,972
Income After Income & Property Tax	$192,070	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$178,770	$181,945

FAQ

Does South Carolina or New Mexico have lower income taxes?

South Carolina’s income tax falls into the following range:

• 0.00%: $0-$3,200
• 3.00%: $3,201-$16,040
• 6.50%: $16,041+

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 South Carolina or New Mexico have lower property taxes?

South Carolina has an average property tax rate of 0.46%

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

Does South Carolina or New Mexico have lower sales taxes?

South Carolina has a state sales tax rate of 6.00% and an average local rate of 1.44% for a combined total rate of 7.44%.

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 South Carolina or New Mexico?

Based on median household income after income, property and sales taxes South Carolina gives you a maximum amount of disposable income of $47,661

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

More Comparisons:

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