It is very important for business owners and employees to familiarize themselves with the minimum wage in the United States. Unlike many other countries, there are different minimum wage laws and rates across the 50 states of the U.S. in different areas of the country. Let’s take a look at the minimum wage in New Mexico for 2021 and in previous years.
Each state has its own unique minimum wage rate, whether it is an independently calculated wage due to the Consumer Price Index and what each state legislature feels is reasonable for their state and its employees, or a state defaults to the federal minimum wage of $7.25 per hour.
The minimum wage in New Mexico has been above the federal minimum wage since 2009 when the wage rate increased from $6.50 per hour to $7.50 per hour. The Federal minimum wage, on the other hand, has not increased from $7.25 per hour since July 2009!
If you would like to see the history of the New Mexico minimum wage over the years, we have created a bar graph showing you the minimum wage each year and also a convenient PDF you can download. It is located at the bottom of this page.
Did the New Mexico Minimum Wage Go Up?
The graphic below highlights the New Mexico minimum wage over the past several years. The minimum wage did go up in 2021 from $9.50 per hour (in 2020) to $10.50 in 2021.
New Mexico Minimum Wage 2021
The New Mexico minimum wage in 2021 increased from $9.00 per hour to $10.50 per hour on January 1, 2021. This is the second time it had been increased since 2009 when the rate was stuck for many years at $7.50 per hour.
Although the New Mexico minimum wage 2021 is $10.50 per hour, some cities and counties may have a local or regional minimum wage ordinance that requires companies to pay their employees a minimum wage that is higher due to the location of the business.
Are you interested in starting a company in New Mexico?
If you would like to register a new business in New Mexico, check out our ultimate guide on How to Register a Business in New Mexico.
Here are some examples of counties with a different New Mexico minimum wage to that of the state:
- Albuquerque – $10.50 per hour.
- Bernalillo County- $9.35 per hour.
- Santa Fe County – $12.10 per hour.
- Las Cruces – $10.50 per hour.
- The city of Santa Fe – $12.10 per hour.
Not only are there differences in the minimum wage for New Mexico due to location, but there are also different variations of the minimum wage depending on which industry you are in – here are some examples:
- The minimum wage in New Mexico in 2021 for tipped employees is $2.55 per hour. However, the employee must earn $7.95 per hour in tips so that the hourly rate is still the same as the New Mexico minimum wage in 2021.
- Employees with disabilities are permitted to obtain special certificates that allow them to receive subminimum wage rates of no less than 50% of the standard minimum wage ($10.50).
- Apprentices are not permitted to receive the minimum wage in New Mexico and are exempt from overtime wage laws.
- Students are also exempt from the minimum wage and the laws that apply.
The minimum wage rates noted here are the lowest hourly, daily, or monthly wage that businesses may legally pay to employees or workers. The New Mexico Department of Workforce Solutions enforces the state and federal minimum wage in New Mexico while certain cities and counties enforce their own New Mexico minimum wage. The Labor Relations office is designed to support employees and employers, so feel free to contact them should you have any questions or concerns about pay in New Mexico.
Are you interested in finding out more information regarding the US minimum wage by state? Check out our page that has a table in alphabetical order of all 50 states, and also covers the minimum wage increase over the past several years.
NM Min Wage History
This table takes you through the New Mexico minimum wage history since 2009, including any increases in the hourly wage amount and the respective percentage increase.
|State||Wage||Year||$ Wage Increase||% Increase|
|New Mexico Minimum Wage 2021||$10.50||2021||$1.50||16.6%|
|New Mexico Minimum Wage 2020||$9.00||2020||$1.50||20%|
|New Mexico Minimum Wage 2019||$7.50||2019||$0||0%|
|New Mexico Minimum Wage 2018||$7.50||2018||$0||0%|
|New Mexico Minimum Wage 2017||$7.50||2017||$0||0%|
|New Mexico Minimum Wage 2016||$7.50||2016||$0||0%|
|New Mexico Minimum Wage 2015||$7.50||2015||$0||0%|
|New Mexico Minimum Wage 2014||$7.50||2014||$0||0%|
|New Mexico Minimum Wage 2013||$7.50||2013||$0||0%|
|New Mexico Minimum Wage 2012||$7.50||2012||$0||0%|
|New Mexico Minimum Wage 2011||$7.50||2011||$0||0%|
|New Mexico Minimum Wage 2010||$7.50||2010||$0||0%|
|New Mexico Minimum Wage 2009||$7.50||2009||$1.00||15.4%|
|New Mexico Minimum Wage 2008||$6.50||2008||$0||0%|
New Mexico minimum wage history for the past 10+ years – downloadable PDF below
New Mexico Minimum Wage History – Downloadable PDF
EIN Number New Mexico
As a New Mexico business owner and employer, or someone that is looking to register an LLC or an incorporated company in New Mexico with the goal of hiring employees, now, or in the future, you will need to have a New Mexico EIN number.
An EIN is also known as an Employer Identification Number and is issued by the internal revenue service (IRS). We have created a guide on how to get an EIN number in New Mexico with the IRS, and it includes links to the appropriate sources and forms and the differences between whether you are a U.S. citizen or a foreign national applying for a New Mexico EIN.