Tax Preparers Salary
In New Mexico, tax preparers earn $38,060 at the median, or about $18.3 an hour. The range runs from $27K at the entry level to $60K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $40,898 in buying power. A 2-bedroom apartment runs $1,119/month, about 43.1% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $38K get you in New Mexico?
About tax preparers
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What this looks like in New Mexico
Pay for tax preparers in New Mexico runs about 31% below the U.S. median of $55K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,119/month, which is 42.3% of the median worker's take-home, past the 30% guideline most planners use. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. That combination, below-market pay with high housing costs, makes this a financially demanding market for tax preparerss.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level tax preparers (10th percentile) start around $27K. Mid-career wages sit at $38K. Top earners bring in $60K or more, a $33K spread from bottom to top.
Tax Preparers salary by metro in New Mexico
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Albuquerque | $38K | +1% | 190 |
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BLS updates this data quarterly. We'll email you when New Mexico numbers change.
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Frequently asked questions
Can a tax preparer afford a 2BR apartment alone in New Mexico?
It’s a stretch — at the median salary of $38K, rent takes 42.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. The 30% guideline puts the comfortable ceiling at roughly $800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for tax preparers in New Mexico?
The 10th-percentile wage — what new tax preparers typically earn — is $27K/year. Take-home on that works out to about $1,635/month. At HUD’s $1,119/month FMR, rent would take 68% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is tax preparer a high-paying job in New Mexico?
Local pay runs 31% below the national median — $38K here vs. $55K nationally. Cost of living is 7% below the national average, which narrows that gap in real purchasing power.
How does New Mexico compare to the national average for tax preparers?
New Mexico pays $38K median vs. the U.S. average of $55K — that’s -31%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $41K — below the national median.
How much do tax preparers make in New Mexico?
The median is $38,060 a year, that works out to about $18 an hour. But the range is wide: entry-level workers start around $27,250, and experienced tax preparers can clear $60,000. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $38K enough to live in New Mexico?
On that salary, you'd take home roughly $2,646/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 42.3% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a tax preparers salary go in New Mexico?
New Mexico has a Regional Price Parity of 93.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median tax preparers salary is worth about $40,898 in national-average purchasing power.
Where do tax preparers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.