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Economy in New Mexico

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyNew Mexico, NMUnited States
Unemployment Rate7.40%9.10%
Recent Job Growth-0.72%-0.12%
Future Job Growth31.16%31.25%
Sales Taxes7.19%6.80%
Income Taxes5.30%6.25%
Income per Cap.$22,623$27,067
Household Income$43,912$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K15.38%12.10%
Income between 15K and 25K12.74%10.18%
Income between 25K and 35K12.25%10.56%
Income between 35K and 50K16.18%14.98%
Income between 50K and 75K18.77%19.53%
Income between 75K and 100K10.46%12.52%
Income between 100K and 150K9.32%12.14%
Income between 150K and 250K2.52%3.91%
Income between 250K and 500K1.99%3.34%
Income greater than 500K0.39%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations11.78%13.81%
Professional and Related Occupations23.24%22.68%
Service15.34%14.51%
Sales and Office23.49%25.22%
Farming, Fishing, and Forestry1.07%0.68%
Construction, Extraction, and Maintenance11.69%9.37%
Production, Transportation, and Material Moving13.52%15.86%
Median Household Income

The unemployment rate in New Mexico, NM, is 7.40%, with job growth of -0.72%. Future job growth over the next ten years is predicted to be 31.16%.

New Mexico, NM Taxes

New Mexico, NM,sales tax rate is 7.19%. Income tax is 5.30%.

New Mexico, NM Income and Salaries

The income per capita is $22,623, which includes all adults and children. The median household income is $43,912.


New Mexico Economy SperlingViews

Question: What will happen in... (read more)Its about the economy: Being an Anglo native New Mexican, I have grown up waiting for New Mexico to develop an economy that is not reliant on federal dollars. Fifty-one years I have waited... (read more)searching for a new place to live: we have been in Santa Fe with our RV. Enjoy the climate and the beauty of the Santa Fe area. Trying to find out where to put down our roots. Northern New Mexico is very... (read more)Have an opinion about New Mexico? Leave a commentTo See All SperlingViews for New Mexico Click Here