Eddy County, New Mexico Income Statistics
Eddy County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
B
Eddy County Around averageAmong the top 3 wealthiest counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Eddy County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,819 | $64,523 | $80,455 |
| Median Personal Income | $60,933 | $52,404 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.4% | 4.8% |
| Six-Figure Earners | 14.0% | 10.2% | 13.9% |
| $200k+ Households | 10.0% | 7.8% | 13.2% |
The median household income in Eddy County is about 21% higher than in New Mexico. Income has been growing slower in Eddy County (3.6%/yr) than in New Mexico (4.4%/yr).
About 14% of adults in Eddy County 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 Eddy County, New Mexico grew by 74.9% from 2009 to 2024, reaching $77,819 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Eddy County
| Metric | Eddy County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.571 | 0.567 | 0.552 |
| Male Median Income | $75,693 | $60,037 | $69,667 |
| Female Median Income | $51,866 | $51,390 | $56,850 |
| Gender Pay Gap | 31.5% | 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 Eddy County, it is 0.571, 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 46% more than women's income in Eddy County, New Mexico. Over a 35-year career, a 46% wage gap accumulates to roughly $833,945 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Eddy County, New Mexico has narrowed from about 39% to 31% in 2024. Over that period the gap was widest at 44% in 2021. In dollar terms, the gap has widened by $4,659 since 2009.
Employment
| Metric | Eddy County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.9% | 5.2% |
| Working from Home | 6.5% | 12.2% | 15.0% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 1,606 people are unemployed in Eddy County, New Mexico.
The average commute time in Eddy County is 15 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Eddy County, New Mexico has fallen from 7.4% to 5.5% in 2024. Over that period the rate peaked at 8.4% in 2013 and fell as low as 4.2% in 2022.
Eddy County, NM Wealth Compared With Nearby Counties
Eddy County, NM is the 3rd largest of the 6 counties compared here, 61,104 residents against a local median of 12,664. Eddy County, NM's unemployment, at 5.5%, runs 133% above the 2.4% typical of the counties around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $77,819 against a local median of $55,106, 41% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Eddy County, NM is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 5.9% on unemployment, so Eddy County, NM sits at one end of an already wide local range rather than apart from it. Eddy County, NM has the 5th lowest unemployment of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Eddy County, NM | 61,104 | $77,819 #1/6 | 3.6%/yr #3/6 | 5.5% #5/6 | 0.571 #2/6 |
| Chaves County, NM | 64,216 | $52,973 | 3.1%/yr | 5.0% | 0.581 |
| Lea County, NM | 73,733 | $67,016 | 1.8%/yr | 6.9% | 0.619 |
| Loving County, TX | 33 | $55,000 | 3.0%/yr | 1.0% | 0.273 |
| Culberson County, TX | 2,195 | $55,106 | 7.1%/yr | 1.2% | 0.575 |
| Reeves County, TX | 12,664 | $62,977 | 4.1%/yr | 2.4% | 0.617 |
Conclusion
Considering all these factors, Eddy County, New Mexico has an overall wealth index grade of B, making it somewhat better than New Mexico, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Eddy County, New Mexico.
How Wealthy Is Eddy County, New Mexico?
Eddy County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,819, about 21% higher than the New Mexico average of $64,523.
How has median household income changed in Eddy County, New Mexico?
Between 2009 and 2024, the median household income in Eddy County, New Mexico rose 75%, from $44,500 to $77,819. Over the same years, income here outpaced New Mexico as a whole: +75% against +50%.
What was the median household income in Eddy County in 2023?
In 2023, the median household income in Eddy County, New Mexico was $80,884, up 1% from $79,994 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Eddy County in 2020?
In 2020, the median household income in Eddy County, New Mexico was $65,144. By 2024 it had risen 19% to $77,819.
Is Eddy County, New Mexico a high-income area?
Yes. 14% of adults in Eddy County, New Mexico earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in New Mexico. 10% of households have a combined income of $200,000 or more, compared with 8% in New Mexico.
What is the Gini coefficient in Eddy County, New Mexico?
The Gini coefficient in Eddy County is 0.571. 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 Eddy County, New Mexico?
Since 2009, the income gap between men and women in Eddy County, New Mexico has narrowed from about 39% to 31% in 2024. Over that period the gap was widest at 44% in 2021. In dollar terms, the gap has widened by $4,659 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →