| Economic Outlook Data |
|
Overall Outlook Rank
|
33rd
|
6th
|
|
Top Marginal Personal Income Tax Rate
|
5.90%
|
2.50%
|
|
Top Marginal Corporate Income Tax Rate
|
5.90%
|
4.90%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$15.77
|
$5.00
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$21.81
|
$22.36
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$49.00
|
$39.37
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$13.77
|
$9.58
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
-$1.10
|
-$0.66
|
|
Debt Service as a Share of Tax Revenue
|
2.65%
|
3.99%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
583.9
|
389.8
|
|
State Liability System Costs
(as a share of state GDP)
|
2.11%
|
1.99%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$12.00
|
$14.70
|
|
Average Workers’ Compensation Costs
(per $100 of payroll)
|
$1.27
|
$0.87
|
|
Right-to-Work State?
(option to join or support a union)
|
No
|
Yes
|
|
Tax Expenditure Limits
|
0
|
2
|
| Economic Performance Data |
| Overall Performance Rank |
29
|
2
|
| State Gross Domestic Product |
52.08%
|
87.59%
|
| Absolute Domestic Migration |
-53,685
|
684,933
|
| Non-Farm Payroll Employment |
7.96%
|
26.48%
|
|
New Mexico Profile
|
Arizona Profile
|
