Tax Preparers in New Mexico
May 2025 wages · tax year 2026
You keep
$32,092
after federal, FICA and New Mexico tax
Tax takes
$5,968
15.7% of the whole
Worth, in national money
$35,505
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
$38,060
Kept after tax
$32,092
Worth in national money
$35,505
State rank
42
of 48 states
What this pays, and what it is worth
- Pay for tax preparers is on the low side in New Mexico. The middle earner gets $38,060. That is 42 of 48 states, and about 30.7% under the national figure. Whether that matters depends on what things cost here.
- Against 485 occupations New Mexico publishes, tax preparers lands at 386. That is the lower quarter. That is the comparison people actually feel, more than any national table.
- New Mexico is cheaper than average, and that shows up here. From $38,060 the take-home is $32,092; adjusted for what things actually cost, it goes as far as $35,505 would nationally. The average comes to $40,770, above the middle, thanks to the top of the range.
- For tax preparers, New Mexico sits in the lower band at $38,060, ranking 42 of 48 and trailing the national median by about 30.7%. Nominal rankings routinely invert once tax and regional price level are applied, so this position should not be read as the conclusion.
- Within New Mexico, this work ranks 386 of 485 occupations by median pay, in the bottom quartile. The within-state position is the more salient one for anyone weighing this job against alternatives available to them locally.
- Post-tax income for tax preparers in New Mexico, on $38,060, is $32,092 — equivalent to $35,505 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 $40,770 the mean overshoots the median — the usual right-skewed shape.
Compare this career across states
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Pay band: Tax Preparers
The state median for this job
| Lowest tenth earn under | $27,250 |
|---|---|
| Half earn under | $38,060 |
| Top tenth earn over | $60,000 |
| This salary | $38,060 |
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 | $32,092 |
|---|---|
| Take-home in Texas | $32,761 |
| Once local prices are leveledBEA price parity | −$1,792 |
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 | $37,227 |
|---|---|
| Raise you would need | +$2,167 |
| Prices in Texas | 97 vs 90 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in New Mexico earn less than $38,060. The published range is $27,250 up to $60,000, so an individual figure can sit a long way from the middle in either direction.
- One filer, no dependants, no pension contributions — that is the household behind New Mexico's $32,092, worked from $38,060. 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 386 of 485.
- One number stands for prices across all of New Mexico, which is a simplification — big cities cost far more than small towns. Read $35,505, the adjusted value of that $38,060 median, as a way to compare states fairly, not as a quote for any particular place. The two datasets are also from different years. This job sits at 386 of 485 in the state.
- Reported values are medians; for tax preparers in New Mexico the tenth-to-ninetieth percentile band is $27,250 to $60,000. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- The New Mexico take-home of $32,092, on $38,060 for work ranking 386 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 386 of 485 in the state.
- Price deflation uses one statewide parity for New Mexico, so $35,505 — the adjusted value of that $38,060 median — establishes comparability between states rather than accuracy within one. The wage and parity series are dated independently, each following its own publication cycle, and neither is projected forward. This occupation sits at 386 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 $40,770 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?
One title, many jobs. The lowest tenth take $27,250, the highest tenth $60,000, and what separates them is experience, employer and what exactly the role does.
What does this pay actually buy where I live?
More than the figure suggests. Prices in New Mexico sit below the national level, so take-home here stretches like $35,505 would elsewhere. The wage is the same; the ground it covers is larger.
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 $32,092 of this wage survives to your account.
Why is this job missing from some states?
The survey withholds small samples rather than publish an unreliable number. Pay appears for 48 states here, and a missing state means too few reports, not no jobs.
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 $40,770. 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 ($27,250) and the ninetieth ($60,000) 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 $35,505 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 $32,092 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.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 48 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.