New Mexico Minimum Wage 2026
Current minimum wage, scheduled increases, tipped worker rules, and political context for New Mexico’s wage policy in 2026.
$12.00
Current Minimum Wage
$13.00 (est.)
Projected 2026 Rate
$3.00
Tipped Worker Rate
CPI-indexed from 2023
Scheduled Increases
Minimum Wage Overview
New Mexico raised its minimum wage to $12 in 2023 with CPI indexing. Some municipalities have higher rates. New Mexico minimum wage exceeds the federal floor significantly but is lower than neighboring states.
Wage Policy Details
| Policy | Details |
|---|---|
| Current Minimum Wage | $12.00/hour |
| Tipped Worker Minimum | $3.00/hour |
| Scheduled Increases | CPI-indexed from 2023 |
| Projected 2026 Rate | $13.00 (est.)/hour |
| Legislative Source | HB 91 (2019) + CPI |
Political Context
New Mexico Democrats passed minimum wage increases. The state’s significant poverty and Native American population make wage policy especially significant. CPI indexing prevents the legislature from having to revisit the issue regularly.