Graph and download economic data for Real Median Household Income in New Mexico from 1984 to 2024 about NM, households, median, income, real, and USA.

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.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in New 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 New 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 New Mexico, householders within the 45 to 64 years age group have the highest median household income at $73,136, followed by those in the 25 to 44 years age group with an income of $67,702. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $51,596. Notably, householders within the under 25 years age group, had the lowest median household income at $34,497.

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 New Mexico median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in New Mexico, 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 12,418, while the mean income for the highest quintile (20% of households with the highest income) is 216,944. This indicates that the top earners earn 17 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 373,030, which is 171.95% higher compared to the highest quintile, and 3003.95% 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 New Mexico median household income. You can refer the same here

In 2022 the median annual family income in New Mexico was ****** U.S. dollars, which is a significant increase from the year prior, when it was ****** U.S. dollars. Family income is the total income earned by all family members who have been living in the household for at least one year and are at least 14 years old.

About this dataset

Context

The dataset presents a breakdown of households across various income brackets in Sandoval County, NM, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Sandoval County, NM reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of Sandoval County households based on income levels.

Key observations

• For Family Households: In Sandoval County, the majority of family households, representing 14.9%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 1.29%, have incomes falling $200,000 or more, representing a smaller but still significant segment of the community.
• For Non-Family Households: In Sandoval County, the majority of non-family households, accounting for 14.19%, have income $60,000 to $74,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 2.84%, earn $200,000 or more, representing a smaller, yet notable, portion of non-family households in the community.

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:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in Sandoval County, NM (As mentioned above).
• All Households: Count of households for the specified income level
• % All Households: Percentage of households at the specified income level relative to the total households in Sandoval County, NM
• Family Households: Count of family households for the specified income level
• % Family Households: Percentage of family households at the specified income level relative to the total family households in Sandoval County, NM
• Non-Family Households: Count of non-family households for the specified income level
• % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in Sandoval County, NM

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 Sandoval County median household income. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Bernalillo County, NM (MHINM35001A052NCEN) from 1989 to 2023 about Bernalillo County, NM; Albuquerque; NM; households; median; income; and USA.

About this dataset

Context

The dataset presents median household incomes for various household sizes in New Mexico, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in New Mexico. Across the different household sizes in New Mexico the mean income is $77,050, and the standard deviation is $21,580. The coefficient of variation (CV) is 28.01%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $31,684. It then further increased to $96,057 for 7-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/new-mexico-median-household-income-by-household-size.jpeg" alt="New Mexico median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

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 New Mexico median household income. You can refer the same here

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.

Graph and download economic data for 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Santa Fe County, NM (MHICIUBNM35049A052NCEN) from 1989 to 2023 about Santa Fe County, NM; Santa Fe; NM; households; median; income; and USA.

About this dataset

Context

The dataset tabulates the New Mexico median household income by race. The dataset can be utilized to understand the racial distribution of New Mexico income.

Content

The dataset will have the following datasets when applicable

Please note: The 2020 1-Year ACS estimates data was not reported by the Census Bureau due to the impact on survey collection and analysis caused by COVID-19. Consequently, median household income data for 2020 is unavailable for large cities (population 65,000 and above).

• New Mexico median household income breakdown by race betwen 2012 and 2022
• Median Household Income by Racial Categories in New Mexico (2022)

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/.

Interested in deeper insights and visual analysis?

Explore our comprehensive data analysis and visual representations for a deeper understanding of New Mexico median household income by race. You can refer the same here

United States Household Income: New Mexico data was reported at 48,451.000 USD in 2016. This records an increase from the previous number of 45,119.000 USD for 2015. United States Household Income: New Mexico data is updated yearly, averaging 33,124.000 USD from Mar 1984 (Median) to 2016, with 33 observations. The data reached an all-time high of 48,451.000 USD in 2016 and a record low of 19,296.000 USD in 1988. United States Household Income: New Mexico data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.H045: Household Income.

Median Household Income in New Mexico was 64140.00000 Current $ in January of 2024, according to the United States Federal Reserve. Historically, Median Household Income in New Mexico reached a record high of 64140.00000 in January of 2024 and a record low of 19300.00000 in January of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for Median Household Income in New Mexico - last updated from the United States Federal Reserve on December of 2025.

Comprehensive demographic dataset for New Mexico, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

Graph and download economic data for Median Adjusted Gross Income for New Mexico (MEDAGINM35A052NCEN) from 1989 to 2022 about AGI, NM, adjusted, tax, gross, median, income, and USA.

About this dataset

Context

The dataset presents the median household income across different racial categories in New Mexico. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of New Mexico population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 53.62% of the total residents in New Mexico. Notably, the median household income for White households is $68,748. Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $81,846. This reveals that, while Whites may be the most numerous in New Mexico, Asian households experience greater economic prosperity in terms of median household income.

Content

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

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in New Mexico.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

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 New Mexico median household income by race. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Santa Fe County, NM (MHINM35049A052NCEN) from 1989 to 2023 about Santa Fe County, NM; Santa Fe; NM; households; median; income; and USA.

Estimate of Median Household Income for New Mexico was 62286.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Estimate of Median Household Income for New Mexico reached a record high of 62286.00000 in January of 2023 and a record low of 23570.00000 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimate of Median Household Income for New Mexico - last updated from the United States Federal Reserve on November of 2025.

New Mexico Median Household Income - Historical chart and current data through 2024.

Graph and download economic data for Estimate of Median Household Income for Dona Ana County, NM (MHINM35013A052NCEN) from 1989 to 2023 about Dona Ana County, NM; Las Cruces; NM; households; median; income; and USA.