San Miguel County, New Mexico Income Statistics
San Miguel 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.
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D
San Miguel County Well below averageLess wealthy than 75% of counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | San Miguel County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,173 | $64,523 | $80,455 |
| Median Personal Income | $45,576 | $52,404 | $60,758 |
| Average Yearly Income Growth | 7.7% | 4.4% | 4.8% |
| Six-Figure Earners | 5.6% | 10.2% | 13.9% |
| $200k+ Households | 2.4% | 7.8% | 13.2% |
The median household income in San Miguel County is about 24% lower than in New Mexico. Income has been growing faster in San Miguel County (7.7%/yr) than in New Mexico (4.4%/yr).
About 6% of adults in San Miguel 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 San Miguel County, New Mexico grew by 60.0% from 2009 to 2024, reaching $49,173 in 2024. That's an average of about 7.7% per year.
Income Inequality and the Gender Pay Gap in San Miguel County
| Metric | San Miguel County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.567 | 0.552 |
| Male Median Income | $54,274 | $60,037 | $69,667 |
| Female Median Income | $51,740 | $51,390 | $56,850 |
| Gender Pay Gap | 4.7% | 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 San Miguel County, it is 0.547, 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.
Men's income is about 5% more than women's income in San Miguel County, New Mexico. Over a 35-year career, a 5% wage gap accumulates to roughly $88,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in San Miguel County, New Mexico has narrowed from about 23% to 5% in 2024. Over that period the gap was widest at 33% in 2014, and in 2022 women out-earned men by 2%. In dollar terms, the gap has narrowed by $5,993 since 2009.
Employment
| Metric | San Miguel County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.9% | 5.2% |
| Working from Home | 11.2% | 12.2% | 15.0% |
| Commute time (minutes) | 15 | 18 | 22 |
Approximately 556 people are unemployed in San Miguel County, New Mexico.
The average commute time in San Miguel County is 15 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Miguel County, New Mexico has fallen from 10.2% to 4.8% in 2024.
San Miguel County, NM Wealth Compared With Nearby Counties
San Miguel County, NM is the 2nd largest of the 6 counties compared here, 26,850 residents against a local median of 4,381. San Miguel County, NM's unemployment, at 4.8%, runs 27% above the 3.8% typical of the counties around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 7.7%/yr against a local median of 6.1%/yr, 27% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so San Miguel County, NM is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 12.6% on unemployment, so San Miguel County, NM sits at one end of an already wide local range rather than apart from it. San Miguel County, NM has the 4th 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. |
|---|---|---|---|---|---|
| San Miguel County, NM | 26,850 | $49,173 #4/6 | 7.7%/yr #2/6 | 4.8% #4/6 | 0.547 #3/6 |
| Mora County, NM | 4,149 | $54,333 | 13.5%/yr | 3.8% | 0.521 |
| Guadalupe County, NM | 4,381 | $42,972 | 6.1%/yr | 2.6% | 0.596 |
| Harding County, NM | 741 | $47,500 | 4.8%/yr | 15.2% | 0.592 |
| Colfax County, NM | 12,320 | $54,144 | 6.4%/yr | 3.8% | 0.553 |
| Santa Fe County, NM | 155,407 | $79,204 | 4.6%/yr | 5.2% | 0.533 |
Conclusion
Considering all these factors, San Miguel 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 San Miguel County, New Mexico.
How Rich Is San Miguel County, New Mexico?
San Miguel 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 $49,173, about 24% lower than the New Mexico average of $64,523.
How fast is household income rising in San Miguel County, New Mexico?
Between 2009 and 2024, the median household income in San Miguel County, New Mexico rose 60%, from $30,734 to $49,173. Over the same years, income here outpaced New Mexico as a whole: +60% against +50%.
What was the median household income in San Miguel County in 2023?
In 2023, the median household income in San Miguel County, New Mexico was $46,346, up 6% from $43,648 in 2022. The New Mexico median that year was $62,406.
What was the median household income in San Miguel County in 2020?
In 2020, the median household income in San Miguel County, New Mexico was $32,952. By 2024 it had risen 49% to $49,173.
What is the Gini coefficient in San Miguel County, New Mexico?
The Gini coefficient in San Miguel County is 0.547. 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 San Miguel County, New Mexico?
Since 2009, the income gap between men and women in San Miguel County, New Mexico has narrowed from about 23% to 5% in 2024. Over that period the gap was widest at 33% in 2014, and in 2022 women out-earned men by 2%. In dollar terms, the gap has narrowed by $5,993 since 2009.
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