What is the median household income in New Mexico?
The median household income in New Mexico is $62,125, with a per capita income of $34,823, according to Census ACS 5-Year estimates. The poverty rate is 13.7%.
Context
Median household income represents the midpoint of all household incomes in New Mexico. It is generally a better indicator of typical household finances than the mean, which can be skewed by extremely high earners. Income should be considered alongside cost of living, a dollar stretches further in lower-income states with cheaper housing.
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Frequently Asked Questions
The median household income in New Mexico is $62,125, with a per capita income of $34,823, according to Census ACS 5-Year estimates. The poverty rate is 13.7%.