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New Mexico&

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Population
2.08M
0.2% decline
Median Age
37.7
Median Household Income
$46,748
3.01% growth
Poverty Rate
19.8%
Number of Employees
839,543
0.95% growth
Median Property Value
$167,500
2.07% growth

Economy

The economy of New Mexico employs 839,543 people. The economy of New Mexico is specialized in Forestry except logging; Scientific research & development services; and U. S. Air Force, which employ respectively 9.22; 6.34; and 6.13 times more people than what would be expected in a location of this size. The largest industries in New Mexico are Restaurants & Food Services (62,060), Elementary & secondary schools (60,728), and Construction (52,192), and the highest paying industries are Aluminum production & processing ($110,835), Aerospace products & parts manufacturing ($92,024), and Computer & peripheral equipment manufacturing ($92,012).

Median household income in New Mexico is $46,748. Males in New Mexico have an average income that is 1.31 times higher than the average income of females, which is $42,113. The income inequality of New Mexico (measured using the Gini index) is 0.472 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for New Mexico. In New Mexico the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 76 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,812. McKinley County, NM has the highest prevalence of homicides of any county in New Mexico.

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Diversity

New Mexico is home to a population of 2.08M people, from which 94.2% are citizens. The ethnic composition of the population of New Mexico is composed of 1.01M Hispanic residents (48.5%), 787,250 White residents (37.8%), 178,176 Native residents (8.56%), 37,782 Black residents (1.82%), and 32,406 Two+ residents (1.56%). The most common foreign languages in New Mexico are Spanish (550,717 speakers), Navajo (62,707 speakers), and Other Native North American (33,963 speakers), but compared to other places, New Mexico has a relative high number of Navajo (62,707 speakers), Other Native North American (33,963 speakers), and Spanish (550,717 speakers).

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Veterans

Education

In 2015 universities in New Mexico awarded 32,910 degrees. The student population of New Mexico is skewed towards females, with 13,018 male students and 19,892 female students. Most students in New Mexico are Hispanic or Latino (13,760 and 41.8%), followed by White (11,923 and 36.2%), American Indian (2,495 and 7.58%), and Unknown (1,435 and 4.36%). The largest universities in New Mexico by number of graduates are Central New Mexico Community College (8,299 and 25.2%), University of New Mexico-Main Campus (5,939 and 18%), and New Mexico State University-Main Campus (3,614 and 11%). The most popular majors in New Mexico are General Studies (3,396 and 10.3%), Liberal Arts & Sciences (1,533 and 4.66%), and Registered Nursing (715 and 2.17%). The median tuition costs in New Mexico are $15,456 for private four year colleges, and $4,956 and $18,514 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in New Mexico is $167,500, which is 0.82 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $164,100 to $167,500, a 2.07% increase. The homeownership rate of New Mexico is 67.4%, which is higher than the national average of 63.1%. People in New Mexico have an average commute time of 20.8 minutes, and they commute by Drove Alone. Car ownership in New Mexico is approximately the same as the national average, with an average of 2 cars per household.

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