Albuquerque, New Mexico Income Statistics
Albuquerque Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Albuquerque Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Albuquerque | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,348 | $64,523 | $80,455 |
| Median Personal Income | $55,511 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 11.6% | 10.2% | 13.9% |
| $200k+ Households | 8.1% | 7.8% | 13.2% |
The median household income in Albuquerque is about 4% higher than in New Mexico. Income has been growing faster in Albuquerque (4.6%/yr) than in New Mexico (4.4%/yr).
About 12% of adults in Albuquerque earn six figures ($100,000 or more) a year, higher than the New Mexico average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Albuquerque, New Mexico grew by 50.7% from 2009 to 2024, reaching $67,348 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Albuquerque
| Metric | Albuquerque | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.567 | 0.552 |
| Male Median Income | $63,406 | $60,037 | $69,667 |
| Female Median Income | $54,873 | $51,390 | $56,850 |
| Gender Pay Gap | 13.5% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Albuquerque, it is 0.543, lower than New Mexico's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Albuquerque, New Mexico. Over a 35-year career, a 16% wage gap accumulates to roughly $298,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Albuquerque, New Mexico has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 17% in 2010, and was narrowest at 13% in 2023. In dollar terms, the gap has widened by $1,584 since 2009.
Employment
| Metric | Albuquerque | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.9% | 5.2% |
| Working from Home | 15.0% | 12.2% | 15.0% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 14,535 people are unemployed in Albuquerque, New Mexico.
The average commute time in Albuquerque is 20 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Albuquerque, New Mexico has fallen from 7.1% to 5.3% in 2024. Over that period the rate peaked at 8.5% in 2014.
Albuquerque, NM Wealth Compared With Nearby Cities
How Albuquerque, NM compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Albuquerque, NM | 517,565 | $67,348 #1/2 | 4.6%/yr #2/2 | 5.3% #2/2 | 0.543 #1/2 |
| South Valley, NM | 36,142 | $59,970 | 5.6%/yr | 4.1% | 0.543 |
Conclusion
Considering all these factors, Albuquerque, New Mexico has an overall wealth index grade of C, making it somewhat better than New Mexico, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Albuquerque, New Mexico.
How Wealthy Is Albuquerque, New Mexico?
Albuquerque has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $67,348, about 4% higher than the New Mexico average of $64,523.
Are incomes growing in Albuquerque, New Mexico?
Between 2009 and 2024, the median household income in Albuquerque, New Mexico rose 51%, from $44,698 to $67,348. Over the same years, income here kept pace with New Mexico as a whole: +51% against +50%.
What was the median household income in Albuquerque in 2023?
In 2023, the median household income in Albuquerque, New Mexico was $64,382, up 8% from $59,827 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Albuquerque in 2020?
In 2020, the median household income in Albuquerque, New Mexico was $53,064. By 2024 it had risen 27% to $67,348.
What is the Gini coefficient in Albuquerque, New Mexico?
The Gini coefficient in Albuquerque is 0.543. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Albuquerque, New Mexico?
Since 2009, the income gap between men and women in Albuquerque, New Mexico has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 17% in 2010, and was narrowest at 13% in 2023. In dollar terms, the gap has widened by $1,584 since 2009.
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