Economy in Lovington, New Mexico
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Economy
| Unemployment Rate | 5.40% | 9.10% |
| Recent Job Growth | -1.60% | -0.12% |
| Future Job Growth | 31.40% | 31.25% |
| Sales Taxes | 6.63% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $19,072 | $27,067 |
| Household Income | $40,819 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 17.33% | 12.10% |
| Income between 15K and 25K | 13.97% | 10.18% |
| Income between 25K and 35K | 11.85% | 10.56% |
| Income between 35K and 50K | 17.82% | 14.98% |
| Income between 50K and 75K | 18.65% | 19.53% |
| Income between 75K and 100K | 9.78% | 12.52% |
| Income between 100K and 150K | 6.37% | 12.14% |
| Income between 150K and 250K | 2.78% | 3.91% |
| Income between 250K and 500K | 1.29% | 3.34% |
| Income greater than 500K | 0.17% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 5.94% | 13.81% |
| Professional and Related Occupations | 12.36% | 22.68% |
| Service | 14.89% | 14.51% |
| Sales and Office | 16.85% | 25.22% |
| Farming, Fishing, and Forestry | 0.85% | 0.68% |
| Construction, Extraction, and Maintenance | 18.40% | 9.37% |
| Production, Transportation, and Material Moving | 21.73% | 15.86% |
The unemployment rate in Lovington, NM, is 5.40%, with job growth of -1.60%. Future job growth over the next ten years is predicted to be 31.40%.
Lovington, NM Taxes
Lovington, NM,sales tax rate is 6.63%. Income tax is 5.30%.
Lovington, NM Income and Salaries
The income per capita is $19,072, which includes all adults and children. The median household income is $40,819.
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