Budget Analysts in New Mexico
May 2025 wages · tax year 2026
You keep
$67,338
after federal, FICA and New Mexico tax
Tax takes
$20,022
22.9% of the whole
Worth, in national money
$74,500
New Mexico costs less than average
On that salary you would be around the 25th percentile for this work in New Mexico — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$87,360
Kept after tax
$67,338
Worth in national money
$74,500
State rank
24
of 51 states
What this pays, and what it is worth
- Neither high nor low. New Mexico is 24 of 51 states for budget analysts, with a middle wage of $87,360. What that is worth is the question the rest of this page answers.
- This is one of the better-paid jobs in New Mexico. It ranks 89 out of 485 occupations the state publishes figures for, which puts it in the top quarter locally.
- New Mexico is cheaper than average, and that shows up here. From $87,360 the take-home is $67,338; adjusted for what things actually cost, it goes as far as $74,500 would nationally. The average comes to $91,530, above the middle, thanks to the top of the range.
- New Mexico ranks 24 of 51 for budget analysts at $87,360. The nominal figure is unremarkable; the adjusted figures are where the state's actual position for this occupation is determined.
- Within New Mexico, budget analysts ranks 89 of 485 occupations by median pay, placing it in the top quartile of the local distribution. This is the comparison a resident actually makes — against neighbors rather than against the same job elsewhere.
- Post-tax income for budget analysts in New Mexico, on $87,360, is $67,338 — equivalent to $74,500 once regional price parity is applied. ⚠️ The adjustment uses a statewide index that describes no particular address; within-state price variation, concentrated in housing, routinely exceeds the difference between two states. At $91,530 the mean overshoots the median — the usual right-skewed shape.
Compare this career across states
Choose your filing status and local taxes, compare pay, and keep a shortlist.Compare wage and personal-pay outcomes by state, with selected resident local taxes and saved career choices.
Pay band: Budget Analysts
The state median for this job
| Lowest tenth earn under | $58,360 |
|---|---|
| Half earn under | $87,360 |
| Top tenth earn over | $129,470 |
| This salary | $87,360 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in New Mexico | $67,338 |
|---|---|
| Take-home in Texas | $70,288 |
| Once local prices are leveledBEA price parity | −$2,169 |
The raise and the real gain point in opposite directions here.
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $83,167 |
|---|---|
| Raise you would need | +$2,997 |
| Prices in Texas | 97 vs 90 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Treat $87,360 as a midpoint for New Mexico, not a promise. The tenth percentile is $58,360 and the ninetieth is $129,470 — a wide band, and where you land in it depends on far more than the state.
- One filer, no dependants, no pension contributions — that is the household behind New Mexico's $67,338, worked from $87,360. That is on purpose. It lets states be compared with each other, not with each other's family circumstances. Local city taxes are left out. Locally this work ranks 89 of 485.
- Two cautions on $74,500, the adjusted value of that $87,360 median. It levels out prices with a single number for all of New Mexico. No actual address matches that. The wage figures and price figures are also from different years. Each is published on its own timetable. This work sits at 89 of 485 locally.
- The New Mexico median of $87,360 describes the midpoint of a distribution spanning $58,360 to $129,470. Because that spread is typically larger than the interstate spread, a state median is a weak predictor for any individual worker in this occupation.
- The New Mexico take-home of $67,338, on $87,360 for work ranking 89 of 485 locally, models the simplest household deliberately: holding it constant is what makes the interstate comparison meaningful. It also means the absolute figure overstates liability for most real filers, and municipal income taxes are outside the model entirely. The occupation ranks 89 of 485 in the state.
- This $74,500 adjusted figure, worked from $87,360, rests on a state-level price parity averaging over within-state dispersion larger than much of the between-state dispersion. Wage and price vintages differ by publication schedule. The result is directionally sound and not address-specific, for work at 89 of 485 in the state. The occupation ranks 89 of 485 locally.
Questions people ask
Is this the average pay for the job?
Half earn more than this and half earn less. The average sits at $91,530 because a long tail of high pay lifts it, so the two answer different questions.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $58,360 and the top tenth $129,470 — experience, employer and specialism separate them, and a single figure hides all three.
What does this pay actually buy where I live?
Further than the number implies. New Mexico is cheaper than the national average, so this take-home behaves like $74,500 in national terms.
Where does the difference between the wage and my paycheck go?
Into four separate taxes, not one. Federal income tax, Social Security and Medicare apply everywhere, and New Mexico adds its own income tax on top — which is why $67,338 of this wage survives to your account.
Can I compare this job across every state?
This occupation is published everywhere — all 51 of them — so comparing states measures real differences rather than gaps in the data.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in New Mexico is $91,530. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($58,360) and the ninetieth ($129,470) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
New Mexico's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $74,500 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $67,338 reflects federal income tax, OASDI, Medicare and New Mexico income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.