South Valley, New Mexico Income Statistics
South Valley Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
South Valley Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | South Valley | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,970 | $64,523 | $80,455 |
| Median Personal Income | $44,078 | $52,404 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.4% | 4.8% |
| Six-Figure Earners | 4.9% | 10.2% | 13.9% |
| $200k+ Households | 4.2% | 7.8% | 13.2% |
The median household income in South Valley is about 7% lower than in New Mexico. Income has been growing faster in South Valley (5.6%/yr) than in New Mexico (4.4%/yr).
About 5% of adults in South Valley 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 South Valley, New Mexico grew by 67.5% from 2009 to 2024, reaching $59,970 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in South Valley
| Metric | South Valley | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.567 | 0.552 |
| Male Median Income | $52,039 | $60,037 | $69,667 |
| Female Median Income | $44,595 | $51,390 | $56,850 |
| Gender Pay Gap | 14.3% | 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 South Valley, it is 0.543, lower than New Mexico's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in South Valley, New Mexico. Over a 35-year career, a 17% wage gap accumulates to roughly $260,540 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in South Valley, New Mexico has narrowed from about 21% to 14% in 2024. Over that period the gap was narrowest at 0% in 2019. In dollar terms, the gap has widened by $515 since 2009.
Employment
| Metric | South Valley | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.9% | 5.2% |
| Working from Home | 8.3% | 12.2% | 15.0% |
| Commute time (minutes) | 23 | 18 | 22 |
Approximately 658 people are unemployed in South Valley, New Mexico.
The average commute time in South Valley is 23 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in South Valley, New Mexico has fallen from 9.6% to 4.1% in 2024. Over that period the rate peaked at 12.6% in 2014.
South Valley, NM Wealth Compared With Nearby Cities
How South Valley, NM compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| South Valley, NM | 36,142 | $59,970 #2/2 | 5.6%/yr #1/2 | 4.1% #1/2 | 0.543 #2/2 |
| Albuquerque, NM | 517,565 | $67,348 | 4.6%/yr | 5.3% | 0.543 |
Conclusion
Considering all these factors, South Valley, New Mexico has an overall wealth index grade of D, making it about on par with New Mexico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in South Valley, New Mexico.
How Rich Is South Valley, New Mexico?
South Valley 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 $59,970, about 7% lower than the New Mexico average of $64,523.
How has median household income changed in South Valley, New Mexico?
Between 2009 and 2024, the median household income in South Valley, New Mexico rose 67%, from $35,804 to $59,970. Over the same years, income here outpaced New Mexico as a whole: +67% against +50%.
What was the median household income in South Valley in 2023?
In 2023, the median household income in South Valley, New Mexico was $51,843, up 7% from $48,581 in 2022. The New Mexico median that year was $62,406.
What was the median household income in South Valley in 2020?
In 2020, the median household income in South Valley, New Mexico was $43,493. By 2024 it had risen 38% to $59,970.
How strong is the job market in South Valley, New Mexico?
Unemployment in South Valley, New Mexico is only 4.1%, well below the New Mexico rate of 5.9%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in South Valley, New Mexico?
The Gini coefficient in South Valley is 0.543. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in South Valley, New Mexico?
Since 2009, the income gap between men and women in South Valley, New Mexico has narrowed from about 21% to 14% in 2024. Over that period the gap was narrowest at 0% in 2019. In dollar terms, the gap has widened by $515 since 2009.
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