The largest industries in Santa Fe, NM are Retail Trade (5,564 people), Health Care & Social Assistance (5,460 people), and Accommodation & Food Services (4,550 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($69,338), Professional, Scientific, & Technical Services ($64,831),
What is the main industry in Santa Fe?
The economy in Santa Fe, New Mexico is largely based on tourism and state government. Tourism also significantly contributes to the city’s retail industry. The state of New Mexico is the largest employer in Santa Fe. The nearby Los Alamos National Laboratory is a major employer in the region.
What are 3 major industries in New Mexico?
Mining, gas and oil extraction, and quarrying are the largest contributors to the growth of real GDP in New Mexico.
What is the economy of Santa Fe?
The US average is 7.3%. – The Income Tax Rate for Santa Fe is 4.9%. The US average is 4.6%.
Income and Salaries for Santa Fe.
| ECONOMY | Santa Fe, New Mexico | United States |
|---|---|---|
| Recent Job Growth | -8.0% | -6.2% |
| Future Job Growth | 30.1% | 33.5% |
| Sales Taxes | 8.4% | 6.2% |
| Income Tax | 4.9% | 4.6% |
What is New Mexico’s main industry?
Tourism, military, and the oil and gas industry are the major industries in New Mexico. They provide most of the jobs and account for a large amount of the government spending in the state.
What is the largest employer in New Mexico?
Federal Government
LARGEST EMPLOYERS IN NEW MEXICO
| Rank | Organization | Employees |
|---|---|---|
| 1 | Federal Government (see breakdown below) | 21766 |
| 2 | State of New Mexico (see breakdown below) | 18359 |
| 3 | Wal-Mart | 14022 |
| 4 | Sandia National Laboratories | 12206 |
What companies are headquartered in Santa Fe?
We hand-curated a list of the best companies to work for headquartered in and around Santa Fe, NM using data on salaries, company financial health, and employee diversity.
Best Companies In Santa Fe, NM.
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | New Mexico | 3.7 |
| 2 | Thermo BioAnalysis | 4.2 |
| 3 | Santa Fe Opera | 4.1 |
| 4 | Santa Fe New Mexican | 4.1 |
Why is New Mexico such a poor state?
The list, according to Wallin, include economic inequality, high rates of working poor, high unemployment rates, lack of funding for early childhood education, and lack of funding for higher education. And those are just a few of the underlying issues, Wallin said.
Is New Mexico rich or poor?
In 2017 New Mexico’s gross domestic product was $94.2 billion. In 2017 the per capita personal income was $39,811 (ranked 48th in the nation). In 2008 the percentage of persons below the poverty level was 17.1%.
Economy of New Mexico.
| Statistics | |
|---|---|
| Population below poverty line | 17.1% |
| Gini coefficient | 0.453 |
| Labor force | 934,200 |
| Unemployment | 6.6% |
What is Mexico’s main source of income?
Sales from oil account for nearly a third of all government revenue. Remittances from Mexican immigrants in the United States to their families back home are a major source of income in Mexico, second only to oil and surpassing even the tourism industry.
What is Santa Fe most known for?
Situated at 7,000 feet in the foothills of the southern Rocky Mountains, Santa Fe is the highest and oldest capital in the U.S. Founded between 1607 and 1610, it’s America’s second oldest city. In 1912, New Mexico officially achieved statehood.
Is Santa Fe wealthy?
But only the rich need apply. Rancho Santa Fe, a town of 5,000 people 30 miles north of San Diego, is the nation’s wealthiest among communities of 1,000 households or more, according to Census figures released Tuesday.
What’s so great about Santa Fe?
Also known as The City Different, Santa Fe is famous for its historic architecture, its rich Native American culture, and its art. In fact, Santa Fe’s world-famous arts scene draws in tourists who are curious to see what inspired artists such as Georgia O’Keefe.
What is the biggest export from New Mexico?
The state’s largest manufacturing export category is computer & electronic products, which accounted for $2.0 billion of New Mexico’s total goods exports in 2018.
Is New Mexico a wealthy state?
New Mexico has a poverty rate of 16.2%. Nearly a quarter of the state’s children are living in poverty. Unfortunately, New Mexico’s public schools are ranked the worst in the U.S., with the second-highest dropout rates of any state. Only 73.9% of students in the state graduate on time.
What is New Mexico best known for?
New Mexico is known for: Diverse landscape. Birthplace of the nuclear bomb. Ancient Pueblo People.
What is the poorest town in New Mexico?
Deming, New Mexico
Deming, New Mexico
In Deming, the poorest town in New Mexico, the median income is just $26,044 a year.
What jobs are in demand in New Mexico?
In-Demand Industries
- Healthcare. Healthcare is a critical, growing industry, both in New Mexico and across the country.
- Information Technology (IT)
- Science, Technology, Engineering, & Mathematics (STEM)
- Construction.
- Education.
What is a living wage in New Mexico?
The City of Santa Fe Living Wage Ordinance was adopted to establish minimum hourly wages. Effective March 1, 2022 all employers are required to pay employees an hourly wage of $12.95 per hour. This includes part-time and temporary employees.
What are the major industries in Albuquerque?
They are: film and digital media, smart city technologies, space technology, directed energy, and bioscience. For each of these sectors, Albuquerque already has the intellectual capital, R&D history, technological capacity, and workforce necessary to drive sustainable long-term growth and future investment.
What is the biggest problem in New Mexico?
The most intractable problem New Mexico faces is poverty. From low birth-weight babies to violent crime, poverty is either a cause, an effect or a complicating factor in the state’s many dysfunctions.