Updated 2026-03-25

Tariff Impact in New Mexico

How current U.S. tariffs affect households in New Mexico (NM).

$1,220
Avg Annual Household Cost
2.5%
Share of Median Income
#48
Ranking (out of 50)

State Profile

Median Household Income$49,754
Import Exposurelow
Top IndustriesEnergy, Federal Government, Tourism
Monthly Tariff Cost$102/month

Lower consumer spending means less total tariff exposure.

Estimated Impact by Category

📱 Electronics
+8.5%
👕 Clothing & Apparel
+20%
🍎 Food & Groceries
+2.6%
🚗 Automobiles
+10.5%
🏠 Home Appliances
+15%
🧸 Toys & Games
+8%
🛋️ Furniture
+12%

Compare with Similar States

ARArkansas
$1,250
SDSouth Dakota
$1,240
WVWest Virginia
$1,200
MSMississippi
$1,180

Get Your Personal Estimate for New Mexico

Calculate your specific tariff cost based on your income and spending habits.

Source: Tax Foundation, Yale Budget Lab, U.S. Census Bureau (March 2026).