New Mexico Minimum Wage 2026 & 2027
The New Mexico minimum wage is $12.00 an hour as of 2026-10-25. Full time, that is about $24,960 a year.
New Mexico minimum wage rates
| Hourly rate | |
|---|---|
| January 1, 2026 | $12.00 |
| January 1, 2027 | $12.00 (no change) |
| Tipped workers (cash wage) | $3.00 |
| Federal minimum | $7.25 |
Earnings at $12.00 an hour
| Amount | |
|---|---|
| Per week (40 hours) | $480 |
| Per month | $2,080 |
| Per year (2,080 hours) | $24,960 |
| Take-home per month after federal tax & FICA | $1,847 |
Details
- $12.00 since 2023; not indexed. Santa Fe and Albuquerque higher local rates.
Frequently asked questions
What is the minimum wage in New Mexico in 2026?
$12.00 an hour as of 2026-10-25.
Will the New Mexico minimum wage go up in 2027?
No increase is scheduled for January 1, 2027.
What is the tipped minimum wage in New Mexico?
$3.00 an hour in cash wages; tips must make up the difference to the full minimum wage.
How much is $12 an hour per year?
$24,960 a year at 40 hours a week, or about $2,080 a month before taxes.