Clovis, New Mexico Income Statistics
Clovis 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.
-
D
Clovis Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Clovis | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,249 | $64,523 | $80,455 |
| Median Personal Income | $46,825 | $52,404 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.4% | 4.8% |
| Six-Figure Earners | 6.5% | 10.2% | 13.9% |
| $200k+ Households | 4.5% | 7.8% | 13.2% |
The median household income in Clovis is about 16% lower than in New Mexico. Income has been growing slower in Clovis (3.8%/yr) than in New Mexico (4.4%/yr).
About 7% of adults in Clovis earn six figures ($100,000 or more) a year, lower than the New Mexico average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Clovis, New Mexico grew by 53.1% from 2009 to 2024, reaching $54,249 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Clovis
| Metric | Clovis | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.567 | 0.552 |
| Male Median Income | $54,573 | $60,037 | $69,667 |
| Female Median Income | $44,368 | $51,390 | $56,850 |
| Gender Pay Gap | 18.7% | 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 Clovis, it is 0.570, about the same as New Mexico's 0.567, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 23% more than women's income in Clovis, New Mexico. Over a 35-year career, a 23% wage gap accumulates to roughly $357,175 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clovis, New Mexico has narrowed from about 23% to 19% in 2024. Over that period the gap was widest at 34% in 2010, and was narrowest at 16% in 2018. In dollar terms, the gap has widened by $2,099 since 2009.
Employment
| Metric | Clovis | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 5.9% | 5.2% |
| Working from Home | 3.9% | 12.2% | 15.0% |
| Commute time (minutes) | 13 | 18 | 22 |
Approximately 1,177 people are unemployed in Clovis, New Mexico.
The average commute time in Clovis is 13 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clovis, New Mexico has risen from 6.0% to 8.1% in 2024. Over that period the rate peaked at 10.0% in 2015.
Conclusion
Considering all these factors, Clovis, New Mexico has an overall wealth index grade of D, making it about on par with New Mexico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clovis, New Mexico.
How Rich Is Clovis, New Mexico?
Clovis has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $54,249, about 16% lower than the New Mexico average of $64,523.
Are incomes growing in Clovis, New Mexico?
Between 2009 and 2024, the median household income in Clovis, New Mexico rose 53%, from $35,444 to $54,249. Over the same years, income here outpaced New Mexico as a whole: +53% against +50%.
What was the median household income in Clovis in 2023?
In 2023, the median household income in Clovis, New Mexico was $52,610, up 3% from $51,249 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Clovis in 2020?
In 2020, the median household income in Clovis, New Mexico was $45,534. By 2024 it had risen 19% to $54,249.
How strong is the job market in Clovis, New Mexico?
Unemployment in Clovis, New Mexico is 8.1%, well above the New Mexico rate of 5.9%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Clovis, New Mexico?
The Gini coefficient in Clovis is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Clovis, New Mexico?
Since 2009, the income gap between men and women in Clovis, New Mexico has narrowed from about 23% to 19% in 2024. Over that period the gap was widest at 34% in 2010, and was narrowest at 16% in 2018. In dollar terms, the gap has widened by $2,099 since 2009.
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