The cost to form an LLC for a Albuquerque business starts with the $50 New Mexico filing fee. Add annual fees, a registered agent, and local Albuquerque business taxes below.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
New Mexico charges a $50 filing fee to form an LLC, with no annual report fee (a franchise/margin tax filing may apply). New Mexico uses a Gross Receipts Tax (GRT) instead of a traditional sales tax. The state fully exempts Social Security benefits from income tax and has relatively low LLC formation costs.
| Cost Item | Amount | When Due |
|---|---|---|
| New Mexico Filing Fee | $50 | One-time at formation |
| State franchise / margin tax | Only above revenue threshold | Annually |
| Registered Agent Service | $49 to $300/year | Annually |
| Local Albuquerque Business License / Tax | Varies by industry | Annually |
| Operating Agreement | $0 to $500 | One-time (recommended) |
| EIN (Federal Tax ID) | Free | One-time (IRS.gov) |
New Mexico does not levy a local business income tax, but businesses pay the state and local Gross Receipts Tax (a tax on business receipts that functions like a sales tax) rather than a traditional sales tax, and there is no annual report fee for LLCs. Budget for Gross Receipts Tax registration on top of the New Mexico LLC filing fee.
Albuquerque is the largest city in New Mexico, anchored by Kirtland Air Force Base and Sandia National Laboratories, with an economy spanning defense and research, healthcare, a growing film-production industry, and tourism along the Rio Grande.
| Local Metric | Albuquerque (2026 estimate) |
|---|---|
| Metro population | 560,000 |
| County / jurisdiction | Bernalillo County |
| Cost of living index (US avg = 100) | 94 |
| MIT living wage, single adult | $20.00/hour |
| MIT living wage, one earner supporting a family of four | $40.50/hour |
| Applicable minimum wage | $12.50/hour |
| Average rent, 1-bedroom | $1,150/month |
| Average rent, 2-bedroom | $1,400/month |
| Median home price | $320,000 |
| Median household income | $60,000/year |
| Combined Gross Receipts Tax rate | 7.75% |
| Effective property tax rate | 0.85% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
The LLC filing fee is set by New Mexico at $50, since LLCs are formed at the state level. You also need a registered agent (about $49 to $300/year), and any local Albuquerque business license or tax. New Mexico does not levy a local business income tax, but businesses pay the state and local Gross Receipts Tax (a tax on business receipts that functions like a sales tax) rather than a traditional sales tax, and there is no annual report fee for LLCs. Budget for Gross Receipts Tax registration on top of the New Mexico LLC filing fee.
New Mexico does not levy a local business income tax, but businesses pay the state and local Gross Receipts Tax (a tax on business receipts that functions like a sales tax) rather than a traditional sales tax, and there is no annual report fee for LLCs. Budget for Gross Receipts Tax registration on top of the New Mexico LLC filing fee.
Plan for the state franchise/margin tax if applicable, registered agent renewal (about $49/year), and any local Albuquerque business license or tax. The calculator above totals these for you.
LLCs are registered with the New Mexico Taxation and Revenue Department at the state level, not the city. You then comply with local Albuquerque requirements such as a business license, zoning, and any city business tax. There is no separate city-level LLC filing.
If your business actually operates in Albuquerque, forming in New Mexico is usually simplest. Forming in Delaware or Wyoming while operating in Albuquerque typically forces you to register as a foreign LLC in New Mexico anyway, paying fees in both states.