Grant County, New Mexico Income Statistics
Grant 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.
-
D
Grant County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Grant County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,960 | $64,523 | $80,455 |
| Median Personal Income | $47,965 | $52,404 | $60,758 |
| Average Yearly Income Growth | 2.1% | 4.4% | 4.8% |
| Six-Figure Earners | 6.7% | 10.2% | 13.9% |
| $200k+ Households | 3.7% | 7.8% | 13.2% |
The median household income in Grant County is about 30% lower than in New Mexico. Income has been growing slower in Grant County (2.1%/yr) than in New Mexico (4.4%/yr).
About 7% of adults in Grant County 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 Grant County, New Mexico grew by 24.5% from 2009 to 2024, reaching $44,960 in 2024. That's an average of about 2.1% per year.
Income Inequality and the Gender Pay Gap in Grant County
| Metric | Grant County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.567 | 0.552 |
| Male Median Income | $50,229 | $60,037 | $69,667 |
| Female Median Income | $53,378 | $51,390 | $56,850 |
| Gender Pay Gap | -6.3% | 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 Grant County, it is 0.552, lower than New Mexico's 0.567, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Women's income is about 6% more than men's income in Grant County, New Mexico. Over a 35-year career, a 6% wage gap accumulates to roughly $110,215 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grant County, New Mexico has narrowed from about 31% to -6% in 2024. Over that period the gap was widest at 32% in 2010, and in 2022 women out-earned men by 6%. In dollar terms, the gap has narrowed by $14,861 since 2009.
Employment
| Metric | Grant County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.4% | 5.9% | 5.2% |
| Working from Home | 12.1% | 12.2% | 15.0% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 886 people are unemployed in Grant County, New Mexico.
The average commute time in Grant County is 15 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
The unemployment rate in Grant County, New Mexico has stayed about flat at 8.4% since 2011. Over that period the rate peaked at 10.5% in 2013 and fell as low as 7.1% in 2019.
Grant County, NM Wealth Compared With Nearby Counties
Grant County, NM is the largest of the 6 counties compared here, 27,774 residents against a local median of 9,411. The measure that sets Grant County, NM apart most is unemployment: 8.4%, 101% above the local median of 4.2%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 2.1%/yr against a local median of 4.5%/yr, 55% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Grant County, NM reads weaker than its neighbours on all of them. The counties themselves spread 3.1% on unemployment, so Grant County, NM sits at one end of an already wide local range rather than apart from it. Grant County, NM has the 6th 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. |
|---|---|---|---|---|---|
| Grant County, NM | 27,774 | $44,960 #4/6 | 2.1%/yr #6/6 | 8.4% #6/6 | 0.552 #4/6 |
| Luna County, NM | 25,611 | $36,669 | 3.6%/yr | 5.4% | 0.561 |
| Hidalgo County, NM | 4,041 | $49,202 | 4.8%/yr | 3.5% | 0.546 |
| Greenlee County, AZ | 9,411 | $73,380 | 4.5%/yr | 2.3% | 0.577 |
| Catron County, NM | 3,743 | $49,812 | 3.9%/yr | 4.2% | 0.469 |
| Sierra County, NM | 11,501 | $42,832 | 4.8%/yr | 4.2% | 0.499 |
Conclusion
Considering all these factors, Grant County, New Mexico has an overall wealth index grade of D, making it somewhat worse than New Mexico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Grant County, New Mexico.
How Rich Is Grant County, New Mexico?
Grant County 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 $44,960, about 30% lower than the New Mexico average of $64,523.
How has median household income changed in Grant County, New Mexico?
Between 2009 and 2024, the median household income in Grant County, New Mexico rose 24%, from $36,116 to $44,960. Over the same years, income here lagged behind New Mexico as a whole: +24% against +50%.
What was the median household income in Grant County in 2023?
In 2023, the median household income in Grant County, New Mexico was $46,131, up 3% from $44,895 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Grant County in 2020?
In 2020, the median household income in Grant County, New Mexico was $37,377. By 2024 it had risen 20% to $44,960.
How strong is the job market in Grant County, New Mexico?
Unemployment in Grant County, New Mexico is 8.4%, well above the New Mexico rate of 5.9%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Grant County, New Mexico?
The Gini coefficient in Grant County is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Grant County, New Mexico?
Since 2009, the income gap between men and women in Grant County, New Mexico has narrowed from about 31% to -6% in 2024. Over that period the gap was widest at 32% in 2010, and in 2022 women out-earned men by 6%. In dollar terms, the gap has narrowed by $14,861 since 2009.
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