Key information about Mexico Household Income per Capita

• Mexico Annual Household Income per Capita reached 3,690.156 USD in Dec 2022, compared with the previous value of 2,639.778 USD in Dec 2020.
• Mexico Annual Household Income per Capita data is updated yearly, available from Dec 2006 to Dec 2022, with an averaged value of 3,322.376 USD.
• The data reached an all-time high of 4,169.817 USD in Dec 2008 and a record low of 2,639.778 USD in Dec 2020.
• In the latest reports, Retail Sales of Mexico grew 4.584 % YoY in Apr 2023.

CEIC calculates Annual Household Income per Capita from Quarterly Average Household Income per Capita multiplied by 4 and converts it into USD. The National Institute of Statistics and Geography provides Average Household Income per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

As of 2022, the average income per Mexican household was leading in the state of Baja California Sur with an amount of ****** Mexican pesos per quarter, followed by monetary amount was Mexico City.

Mexico Average Quarterly Household Income data was reported at 63,695.000 MXN in 2022. This records an increase from the previous number of 50,309.000 MXN for 2020. Mexico Average Quarterly Household Income data is updated yearly, averaging 46,285.000 MXN from Dec 2006 (Median) to 2022, with 9 observations. The data reached an all-time high of 63,695.000 MXN in 2022 and a record low of 39,719.000 MXN in 2014. Mexico Average Quarterly Household Income data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H024: Average Quarterly Household Income.

In the first quarter of 2024, per capita wage income in Mexico City stood at ******** Mexican pesos, a considerable growth compared to the previous quarter and the largest income per capita registered.

Graph and download economic data for Estimate of Median Household Income for New Mexico (MHINM35000A052NCEN) from 1989 to 2023 about NM, households, median, income, and USA.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Mexico. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Mexico. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Mexico, householders within the under 25 years age group have the highest median household income at $73,841, followed by those in the 25 to 44 years age group with an income of $70,221. Meanwhile householders within the 45 to 64 years age group report the second lowest median household income of $68,958. Notably, householders within the 65 years and over age group, had the lowest median household income at $68,523.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Mexico median household income by age. You can refer the same here

In 2023, the average wage in Mexico achieved its highest level since 2009, amounting to around 20,090 U.S. dollars per year. Moreover, the average annual wage increased for the third consecutive year. Employment conditions In light of the crucial role that employment plays as a primary source of income, perceiving their working conditions to be poor, a sentiment held by nearly half of Mexico's workforce. Furthermore, the distribution of working hours skews towards non-monetarily compensated positions, particularly impacting the female demographic on households. This imbalance poses challenges to sustaining motivation. Informal employment also exhibits a higher prevalence among females, presenting regulatory complexities. Furthermore, a perceived gender-based disparity in employment opportunities subsists, amplifying the overarching concerns. As these factors coalesce, one out of every two individuals' harbors apprehensions about potential job loss. Salaries vs. Life expenses In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A significant portion of the population—approximately one-third—finds itself residing beneath the threshold of basic food basket expenses. Consequently, Mexico ranks as the country where grocery expenses constitute the highest percentage of earnings. Furthermore, this predicament disproportionately impacts women, as they are often remunerated at lower wage rates.

In 2023, the median household income in New Mexico amounted to 60,980 U.S. dollars. This is an increase from the previous year, when the median household income in the state amounted to 56,420 U.S. dollars. The median household income in the United States can be accessed here.

As of the third quarter of 2024, the Mexican population receiving an average monthly salary recorded the lowest amount for the females aging 75 years or more with 2,900 Mexican pesos. On the other hand, the topmost value was for the males between 35 and 44 years with 9,970 pesos.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Mexico Town, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 19,377, while the mean income for the highest quintile (20% of households with the highest income) is 191,943. This indicates that the top earners earn 10 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 280,110, which is 145.93% higher compared to the highest quintile, and 1445.58% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Mexico town median household income. You can refer the same here

In Mexico, as of 2022, the bottom 50 percent, which represents the population whose income lied below the median, earned on average 2,076 euros at purchasing power parity (PPP) before income taxes. Meanwhile, the top ten percent had an average earning of 111,484 euros, 53 times over than the average earning of the bottom half. Further, the bottom 50 percent accounted for -0.3 percent of the overall national wealth in Mexico, that is, they have on average more debts than assets.

Mexico Ave Qtrly HH Income: Work Income: Sonora data was reported at 34,170.000 MXN in 2016. Mexico Ave Qtrly HH Income: Work Income: Sonora data is updated yearly, averaging 34,170.000 MXN from Dec 2016 (Median) to 2016, with 1 observations. Mexico Ave Qtrly HH Income: Work Income: Sonora data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H018: Average Quarterly Household Income: by State.

Mexico Ave Qtrly HH Income Per Capita: Fourth Decile data was reported at 6,110.169 MXN in 2016. This records an increase from the previous number of 4,900.343 MXN for 2014. Mexico Ave Qtrly HH Income Per Capita: Fourth Decile data is updated yearly, averaging 5,170.435 MXN from Dec 2006 (Median) to 2016, with 6 observations. The data reached an all-time high of 6,110.169 MXN in 2016 and a record low of 4,900.343 MXN in 2014. Mexico Ave Qtrly HH Income Per Capita: Fourth Decile data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H012: Average Quarterly Household Income.

Mexico Ave Qtrly HH Income Per Capita: Fifth Decile data was reported at 7,350.745 MXN in 2016. This records an increase from the previous number of 5,958.821 MXN for 2014. Mexico Ave Qtrly HH Income Per Capita: Fifth Decile data is updated yearly, averaging 6,289.141 MXN from Dec 2006 (Median) to 2016, with 6 observations. The data reached an all-time high of 7,350.745 MXN in 2016 and a record low of 5,958.821 MXN in 2014. Mexico Ave Qtrly HH Income Per Capita: Fifth Decile data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H012: Average Quarterly Household Income.

In 2022, there was a gender pay gap in Mexico when considering the average income per family. The male population had a higher average income compared to the female population, regardless of the number of children in the household. For men with *** children, the highest average income recorded was ****** Mexican pesos, while for women with the same number of children, the average income was nearly half that amount, at ****** Mexican pesos.

Mexico Ave Qtrly HH Income: Sinaloa data was reported at 48,591.000 MXN in 2016. Mexico Ave Qtrly HH Income: Sinaloa data is updated yearly, averaging 48,591.000 MXN from Dec 2016 (Median) to 2016, with 1 observations. Mexico Ave Qtrly HH Income: Sinaloa data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H018: Average Quarterly Household Income: by State.

Mexico Ave Qtrly HH Income Per Capita: Third Decile data was reported at 4,936.671 MXN in 2016. This records an increase from the previous number of 3,977.265 MXN for 2014. Mexico Ave Qtrly HH Income Per Capita: Third Decile data is updated yearly, averaging 4,077.605 MXN from Dec 2006 (Median) to 2016, with 6 observations. The data reached an all-time high of 4,936.671 MXN in 2016 and a record low of 3,977.265 MXN in 2014. Mexico Ave Qtrly HH Income Per Capita: Third Decile data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.H012: Average Quarterly Household Income.

According to the 2022 National Survey on Households Income and Expenditures (ENIGH), households spent an average of ****** Mexican pesos per quarter. The largest expenditure was for food, beverage, and tobacco, with an average of ****** pesos. In contrast, the smallest expenditure was for health care, with ***** pesos being spent in average per quarter.

In 2023, the national gross income per capita in Mexico increased by 1,260 U.S. dollars (+11.75 percent) compared to 2022. With 11,980 U.S. dollars, the national gross income thereby reached its highest value in the observed period. Gross national income (GNI) per capita is the total value of money received by a country, from both domestic or foreign sources, divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which implements a price adjusted, three year moving average, smoothing out fluctuations in exchange rates.Find more statistics on other topics about Mexico with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, value added to gross domestic product by the manufacturing sector, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

As of the third quarter of 2024, in Mexico, Nuevo León and Mexico City reported the highest average monthly salary, reaching over ****** Mexican pesos each. Additionally, Baja California Sur and Baja California ranked third and fourth in terms of highest incomes, with an average monthly salary of ****** and ****** Mexican pesos, respectively.