Average Household Income: $70,241. Per Capita Income: $27,945. 4.1% of Households in New Mexico are High Income Households that make over $200,000 a year.
What is middle class income in NM?
The ACS 1-year survey shows that the median family income for New Mexico was $61,826 in 2019. Compared to the median US family income, New Mexico median family income is $19,118 lower. Like the median household income numbers, 2020 family income data will be released in September of 2021.
What is the average annual income in New Mexico?
In 2020, the median household income in New Mexico amounted to 50,822 U.S. dollars. This is a slight decrease from the previous year, when the median household income in the state amounted to 53,113 U.S. dollars.
What is the most affluent city in New Mexico?
A 12,000-person town in northern New Mexico has a median household income of $107,031. Los Alamos has been named New Mexico’s richest town by 24/7 Wall Street.
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 is a good salary in New Mexico?
A person working in New Mexico typically earns around 97,400 USD per year. Salaries range from 24,600 USD (lowest average) to 435,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What salary is upper class?
In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is a good salary in Albuquerque?
A good salary in Albuquerque, NM is anything over $50,000. That’s because the median income in Albuquerque is $50,000, which means if you earn more than that you’re earning more than 50% of the people living in Albuquerque. The average salary in Albuquerque is $59,416.
Is the cost of living high in New Mexico?
The cost of living in New Mexico is below the national average, which is why many people choose to move here. In fact, it costs 11.6% less than the U.S. average to live in New Mexico. All that being said, the cost of living in New Mexico varies depending on where you are interested in moving to.
What is the average family income in New Mexico?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 22.7 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $51,243 |
Are people in New Mexico rich?
There are plenty of reasons for this. Way under 1 percent of the country’s population lives here. According to just-released U.S. Census Bureau figures, New Mexico has the country’s second lowest annual median household income, $25,991, just $177 above bottom-place Arkansas.
What is the richest zip code in New Mexico?
| List of 25 Wealthiest Zipcodes in New Mexico | ||
|---|---|---|
| Rank | Zipcode | Zip Name |
| 1 | 87122 | Albuquerque |
| 2 | 87506 | Santa Fe |
| 3 | 87048 | Corrales |
Who is the richest person in Albuquerque?
ALBUQUERQUE – A longtime Albuquerque resident has been listed as a billionaire on Forbes’ annual list of the richest people in the world. The magazine published its latest rundown of global billionaires this week. Ron Corio, 59, was listed at No.
What’s the best place to live in New Mexico?
The top 10 best places to live:
- Corrales.
- Edgewood.
- Rio Rancho.
- Los Ranchos de Albuquerque.
- Ruidoso.
- Artesia.
- Santa Fe.
- Alamogordo.
Why is nm so poor?
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 poverty state?
New Mexico’s poverty rate in 2019 was 18.2 percent, a decline from 2018 when it was 19.5 percent, but still the third highest in the country. The national rate was 12.3 percent. As seen in Exhibit 1, Mississippi had the highest poverty rate of 19.6 percent in 2019, while New Hampshire, at 7.3 percent, had the lowest.
What are the highest paying jobs in New Mexico?
Detailed List Of Highest Paying Jobs In New Mexico
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Owner/operator | $169,619 |
| 2 | Emergency Medicine Specialist | $163,285 |
| 3 | Family Practitioner | $158,209 |
| 4 | Clinical Physician Assistant | $147,158 |
Is it cheaper to live in Texas or New Mexico?
The higher cost of living in Texas doesn’t just apply to food and clothes. Housing is significantly more expensive there than in New Mexico. The median cost of a home in New Mexico is less than $200,000, while the median cost of a home in Texas is about $223,000.
Is it cheaper to live in Arizona or New Mexico?
What many retirees are finding is better deals, say experts: The median home in New Mexico costs just $151,900 and the cost of living is 3.1% lower than the national average. That makes much of the state far less expensive than Arizona’s most famous retirement havens.
How many Americans make over $100000 per year?
The individual annual income of 24% of Americans exceeded $100,000 in 2020. The annual income of 34% of American households exceeds $100,000. In the five years to 2022, American households earning over $100,000 a year increased by 4.1%.
What is considered rich by age?
Here’s the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million. Gen X (ages 40 to 55): $1.9 million. Baby boomers (ages 56 to 74): $2.5 million.