The 1974 New Mexico gubernatorial election took place on November 5, 1974, in order to elect the Governor of New Mexico. Due to term limits, incumbent Democrat Bruce King was ineligible to seek a second term as governor. Democrat Jerry Apodaca narrowly defeated Republican Joe Skeen. This election saw Hidalgo County vote for a Republican gubernatorial candidate for the first time ever.
The Democratic primary was won by state senator Jerry Apodaca.
The Republican primary was won by former state senator Joe Skeen.