Utah vs New Mexico Taxes: Income, Property & Sales

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

Utah vs New Mexico Income Tax Comparison

	Utah	New Mexico
Income Tax Rates & Thresholds	4.85%	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	$95,800	$56,420
Income Tax Paid On Median Household Income	$18,547	$7,031
Income After Tax Based on Median Household Income	$77,253	$49,389

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Utah vs New Mexico Property Tax Comparison

	Utah	New Mexico
Average Property Tax Rate	0.44%	0.60%
Average House Price By State	$522,488	$293,766
Average Property Tax Owed Per Year	$2,299	$1,763
Income After Income Taxes & Property Taxes Based On Median State Household Income	$74,954	$47,626

Utah vs New Mexico Sales Tax Comparison

	Utah	New Mexico
Average State Sales Tax	6.10%	5.13%
Average Local Sales Tax Across the State	1.09%	2.71%
Average Combined Sales Tax Rate	7.19%	7.84%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$5,028	$3,462
Maximum Disposable Income Based on Median Household Income	$69,926	$44,164

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

	Utah	New Mexico
Income Tax Owed	$4,982	$4,086
After Tax Income	$35,018	$35,914
Income After Income & Property Tax	$32,719	$34,151
Maximum Disposable Income After Income, Property & Sales Taxes	$30,524	$31,669

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

	Utah	New Mexico
Income Tax Owed	$8,899	$7,994
After Tax Income	$51,101	$52,006
Income After Income & Property Tax	$48,802	$50,243
Maximum Disposable Income After Income, Property & Sales Taxes	$45,529	$46,591

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

	Utah	New Mexico
Income Tax Owed	$14,289	$13,374
After Tax Income	$65,711	$66,626
Income After Income & Property Tax	$63,412	$64,863
Maximum Disposable Income After Income, Property & Sales Taxes	$59,159	$60,148

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

	Utah	New Mexico
Income Tax Owed	$19,679	$18,754
After Tax Income	$80,321	$81,246
Income After Income & Property Tax	$78,022	$79,483
Maximum Disposable Income After Income, Property & Sales Taxes	$72,789	$73,705

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

	Utah	New Mexico
Income Tax Owed	$13,354	$11,704
After Tax Income	$86,646	$88,296
Income After Income & Property Tax	$84,347	$86,533
Maximum Disposable Income After Income, Property & Sales Taxes	$78,689	$80,242

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

	Utah	New Mexico
Income Tax Owed	$25,884	$24,209
After Tax Income	$124,116	$125,791
Income After Income & Property Tax	$121,817	$124,028
Maximum Disposable Income After Income, Property & Sales Taxes	$113,646	$115,012

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

	Utah	New Mexico
Income Tax Owed	$39,359	$37,659
After Tax Income	$160,641	$162,341
Income After Income & Property Tax	$158,342	$160,578
Maximum Disposable Income After Income, Property & Sales Taxes	$147,721	$148,904

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

	Utah	New Mexico
Income Tax Owed	$53,753	$52,028
After Tax Income	$196,247	$197,972
Income After Income & Property Tax	$193,948	$196,209
Maximum Disposable Income After Income, Property & Sales Taxes	$180,939	$181,945

FAQ

Does Utah or New Mexico have lower income taxes?

Utah’s income tax falls into the following range: 4.85%

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 Utah or New Mexico have lower property taxes?

Utah has an average property tax rate of 0.44%

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

Does Utah or New Mexico have lower sales taxes?

Utah has a state sales tax rate of 6.10% and an average local rate of 1.09% for a combined total rate of 7.19%.

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 Utah or New Mexico?

Based on median household income after income, property and sales taxes Utah gives you a maximum amount of disposable income of $69,926

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

More Comparisons:

Utah vs Nebraska
Utah vs Idaho
Utah vs West Virginia
Utah vs Hawaii
Utah 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/