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New Mexico Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 177 | 46 | 27 | D- |
| INFRASTRUCTURE | 201 | 29 | 39 | C |
| WORKFORCE | 165 | 31 | 30 | D+ |
| COST OF DOING BUSINESS | 162 | 23 | 20 | B- |
| BUSINESS FRIENDLINESS | 108 | 39 | 44 | C- |
| QUALITY OF LIFE | 124 | 33 | 35 | D+ |
| TECHNOLOGY & INNOVATION | 107 | 35 | 39 | D- |
| EDUCATION | 48 | 38 | 28 | C |
| ACCESS TO CAPITAL | 15 | 46 | 32 | F |
| COST OF LIVING | 30 | 26 | 27 | C |
| OVERALL | 1137 | 44 | 43 |
Economic Profile
Governor: Michelle Lujan Grisham, Democrat
Population: 2,130,256
GDP growth (Q1 2025): -2.1%
Unemployment rate (May 2025): 4.2%
Top corporate tax rate: 5.9%
Top individual income tax rate: 5.9%
Gasoline tax: 37.28 cents/gallon
Bond rating (Moody's/S&P): Aa2, Positive/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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
