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 |
What is middle income in NM?
According to the Census ACS 1-year survey, the median household income for New Mexico was $51,945 in 2019, the latest figures available. Compared to the median US household income, New Mexico median household income is $13,767 lower.
What is considered middle class in Albuquerque?
In Pew’s analysis, members of the middle class are those with annual household income ranging between about $42,000 to $125,000 at the upper limit for a family of three. By that measure, the share of Americans living in middle-income households shrank from 55 percent in 2000 to 41 percent in 2014.
What is the average income for an American family of 4?
The national median family income for the United States for FY 2021 is $79,900, an increase over the national median family income in FY 2020 of $78,500.
What is the lowest income state in the US?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
What is the average cost of a home in New Mexico?
$294,986. The typical home value of homes in New Mexico is $294,986. This value is seasonally adjusted and only includes the middle price tier of homes. New Mexico home values have gone up 18.6% over the past year.
What is high income in New Mexico?
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 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 household income?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
Is Albuquerque rich or poor?
Poverty by Age and Sex
16.9% of the population for whom poverty status is determined in Albuquerque, NM (93.4k out of 554k people) live below the poverty line, a number that is higher than the national average of 12.3%.
What is middle class income for a couple?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| California | $29,851 – $89,552 | $42,215 – $126,646 |
| Colorado | $26,876 – $80,629 | $38,009 – $114,026 |
| Connecticut | $28,364 – $85,091 | $40,112 – $120,336 |
| Delaware | $26,146 – $78,437 | $36,975 – $110,926 |
What percentage of Americans make over 100k?
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 percentage of America makes over $200 000 a year?
According to the survey, 5.7% of all U.S. households earn more than $200k annually.
Is New Mexico a poor 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.
Which is richest state in USA?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
What’s the poorest city in USA?
Detroit
Detroit has the highest rate of people living below the poverty line out of all U.S. cities with[+] In a recent article we looked at the poverty rates across all 50 U.S. states.
What is a livable salary in New Mexico?
Living Wage Calculation for Bernalillo County, New Mexico
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.03 | $22.58 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $11.50 | $11.50 |
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 is the cheapest and safest place to live in New Mexico?
1. Deming. Deming tops our list of most affordable cities in New Mexico. Located 35 miles north of the US-Mexico border, Deming is home to around 15,000 residents and is the county seat of Luna County.
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 the average yearly income in Texas?
Texas’ average annual wages were $57,382 as of the fourth quarter of 2018, slightly higher than the U.S. average of $56,945 and 12th among the states. There was a broad range of wage levels within the state, however.