Albuquerque, NM variant. This is a Albuquerque, NM-specific version of the Income Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Income Tax Calculator.
Income tax in Albuquerque combines federal, NM state, and no city income tax.
Layers of income tax in Albuquerque
Albuquerque levies no local income tax, so your bill is federal + NM state only.
Combine all layers to find your true marginal rate on the next dollar earned.
About Albuquerque, NM
Albuquerque applies New Mexico's gross receipts tax, which functions much like a sales tax on goods and services.
Albuquerque's home prices remain moderate relative to the national market.
Albuquerque's economy includes government, national laboratories, and healthcare, with a cost of living below the national average.
Worked example: local tax on $64,254
No city income tax applies in Albuquerque; only NM state and federal tax do.
Quick reference
- Median home value: $320,000
- Median rent: $1,300/mo
- Median household income: $64,254
- Local sales tax: 7.875%
- Effective property tax rate: 0.85%
- Cost of living index: 92 (US avg = 100)
Frequently Asked Questions
Does Albuquerque have a local income tax?
No local income tax in Albuquerque.
What taxes apply to Albuquerque residents?
Federal, NM state.