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New Mexico Score and Ranking
| CATEGORY | 2026 SCORE | 2026 RANK | 2025 RANK | 2026 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 219 | 29 | 29 | C |
| ECONOMY | 198 | 33 | 46 | D+ |
| WORKFORCE | 191 | 20 | 31 | C |
| QUALITY OF LIFE | 141 | 32 | 33 | C |
| COST OF DOING BUSINESS | 140 | 29 | 23 | C+ |
| TECHNOLOGY & INNOVATION | 99 | 40 | 35 | D+ |
| BUSINESS FRIENDLINESS | 101 | 35 | 39 | D+ |
| ACCESS TO CAPITAL | 39 | 37 | 46 | D+ |
| EDUCATION | 46 | 32 | 38 | C |
| COST OF LIVING | 21 | 33 | 26 | C- |
| OVERALL | 1195 | 41 | 44 |
Economic Profile
Governor: Michelle Lujan Grisham, Democrat
Population: 2,125,498
GDP growth (Q1 2026): 3.10%
Unemployment rate (May 2026): 4.90%
Top corporate tax rate: 5.90%
Top individual income tax rate: 5.90%
Gasoline tax: 37.28 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
