Sandoval County, New Mexico Income Statistics
Sandoval 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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C
Sandoval County Below averageAmong the top 5 wealthiest counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sandoval County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,813 | $64,523 | $80,455 |
| Median Personal Income | $59,298 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.4% | 4.8% |
| Six-Figure Earners | 12.9% | 10.2% | 13.9% |
| $200k+ Households | 10.5% | 7.8% | 13.2% |
The median household income in Sandoval County is about 33% higher than in New Mexico. Income has been growing faster in Sandoval County (4.7%/yr) than in New Mexico (4.4%/yr).
About 13% of adults in Sandoval 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 Sandoval County, New Mexico grew by 50.5% from 2009 to 2024, reaching $85,813 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Sandoval County
| Metric | Sandoval County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.567 | 0.552 |
| Male Median Income | $73,230 | $60,037 | $69,667 |
| Female Median Income | $58,452 | $51,390 | $56,850 |
| Gender Pay Gap | 20.2% | 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 Sandoval County, it is 0.548, 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 25% more than women's income in Sandoval County, New Mexico. Over a 35-year career, a 25% wage gap accumulates to roughly $517,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sandoval County, New Mexico has narrowed from about 27% to 20% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 16% in 2022. In dollar terms, the gap has widened by $1,919 since 2009.
Employment
| Metric | Sandoval County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.9% | 5.2% |
| Working from Home | 16.8% | 12.2% | 15.0% |
| Commute time (minutes) | 30 | 18 | 22 |
Approximately 3,793 people are unemployed in Sandoval County, New Mexico.
The average commute time in Sandoval County is 30 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sandoval County, New Mexico has fallen from 7.5% to 5.1% in 2024. Over that period the rate peaked at 9.1% in 2014.
Sandoval County, NM Wealth Compared With Nearby Counties
Sandoval County, NM is the 3rd largest of the 6 counties compared here, 153,584 residents against a local median of 78,461. Where Sandoval County, NM breaks from the counties next to it is median household income, sitting 23% above the local median of $69,651 at $85,813. That is the better end of the local range on this measure.
The counties themselves spread $89,752 on median household income, so Sandoval County, NM sits at one end of an already wide local range rather than apart from it. Sandoval County, NM has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Sandoval County, NM | 153,584 | $85,813 #2/6 | 4.7%/yr #2/6 | 5.1% #3/6 | 0.548 #5/6 |
| Los Alamos County, NM | 19,409 | $146,398 | 4.3%/yr | 1.0% | 0.467 |
| Bernalillo County, NM | 672,163 | $69,651 | 4.5%/yr | 5.3% | 0.547 |
| Rio Arriba County, NM | 40,067 | $56,646 | 6.3%/yr | 4.9% | 0.540 |
| Santa Fe County, NM | 155,407 | $79,204 | 4.6%/yr | 5.2% | 0.533 |
| Valencia County, NM | 78,461 | $59,334 | 4.5%/yr | 6.9% | 0.579 |
Conclusion
Considering all these factors, Sandoval County, New Mexico has an overall wealth index grade of C, making it somewhat better than New Mexico, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sandoval County, New Mexico.
How Rich Is Sandoval County, New Mexico?
Sandoval County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $85,813, about 33% higher than the New Mexico average of $64,523.
How has median household income changed in Sandoval County, New Mexico?
Between 2009 and 2024, the median household income in Sandoval County, New Mexico rose 50%, from $57,020 to $85,813. Over the same years, income here kept pace with New Mexico as a whole: +50% against +50%.
What was the median household income in Sandoval County in 2023?
In 2023, the median household income in Sandoval County, New Mexico was $83,272, up 9% from $76,478 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Sandoval County in 2020?
In 2020, the median household income in Sandoval County, New Mexico was $65,241. By 2024 it had risen 32% to $85,813.
What is the Gini coefficient in Sandoval County, New Mexico?
The Gini coefficient in Sandoval County is 0.548. 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 Sandoval County, New Mexico?
Since 2009, the income gap between men and women in Sandoval County, New Mexico has narrowed from about 27% to 20% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 16% in 2022. In dollar terms, the gap has widened by $1,919 since 2009.
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