Wealth Index
Least wealthy county in New Mexico
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.
Income Statistics Overview
| Metric | Guadalupe County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $40,250 | $62,378 | $78,145 |
| Median Personal Income | $42,620 | $53,658 | $61,726 |
| Average income growth | 6.0% | 4.6% | 5.1% |
| Six-Figure Earners | 6.0% | 9.5% | 13.2% |
The median household income in Guadalupe County is about 35% lower than in New Mexico. Income has been growing faster in Guadalupe County (6.0%/yr) than in New Mexico (4.6%/yr).
About 6% of adults in Guadalupe County earn six figures ($100,000 or more) a year, lower than the New Mexico average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Guadalupe County, New Mexico grew by 38.2% from 2009 to 2023, reaching $40,250 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Guadalupe County | Gender Pay Gap | Gini Coefficient
| Metric | Guadalupe County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.582 | 0.570 |
| Male Median Income | $37,013 | $58,181 | $67,746 |
| Female Median Income | $57,638 | $48,923 | $54,793 |
| Gender Pay Gap | -55.7% | 15.9% | 19.1% |
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 Guadalupe County, it is 0.522, lower than New Mexico's 0.582, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Women's income is about 56% more than men's income in Guadalupe County, New Mexico. Over a 35-year career, a 56% wage gap accumulates to roughly $721,875 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Guadalupe County, New Mexico has widened from about 30% to -56% in 2023. In dollar terms, the gap has narrowed by $31,330 since 2009.
Employment
| Metric | Guadalupe County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.9% | 5.2% |
| Working from Home | 5.2% | 11.0% | 13.4% |
| Commute time (minutes) | 12 | 18 | 22 |
Approximately 84 people are unemployed in Guadalupe County, New Mexico.
The average commute time in Guadalupe County is 12 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Guadalupe County, New Mexico has fallen from 5.5% to 4.7% in 2023.
Conclusion
Considering all these factors, Guadalupe County, New Mexico has an overall wealth index grade of F, making it somewhat worse than New Mexico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Guadalupe County, New Mexico.
How Rich Is Guadalupe County, New Mexico?
Guadalupe County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $40,250, about 35% lower than the New Mexico average of $62,378.
What is the current median household income in Guadalupe County, New Mexico?
As of 2023, the median household income in Guadalupe County, New Mexico is $40,250.
What was the median household income in Guadalupe County in 2023?
In 2023, the median household income in Guadalupe County, New Mexico was $40,250.
What was the median household income in Guadalupe County in 2020?
In 2020, the median household income in Guadalupe County, New Mexico was $30,621.
What is the Gini coefficient in Guadalupe County, New Mexico?
The Gini coefficient in Guadalupe County is 0.522. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Guadalupe County, New Mexico?
Since 2009, the income gap between men and women in Guadalupe County, New Mexico has widened from about 30% to -56% in 2023. In dollar terms, the gap has narrowed by $31,330 since 2009.