Taos County, New Mexico Income Statistics
Taos 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
Taos County Well below averageWealthier than 78% of counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taos County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,024 | $64,523 | $80,455 |
| Median Personal Income | $50,088 | $52,404 | $60,758 |
| Average Yearly Income Growth | 6.7% | 4.4% | 4.8% |
| Six-Figure Earners | 10.5% | 10.2% | 13.9% |
| $200k+ Households | 6.8% | 7.8% | 13.2% |
The median household income in Taos County is about 9% lower than in New Mexico. Income has been growing faster in Taos County (6.7%/yr) than in New Mexico (4.4%/yr).
About 11% of adults in Taos County earn six figures ($100,000 or more) a year, about the same as the New Mexico average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Taos County, New Mexico grew by 64.7% from 2009 to 2024, reaching $59,024 in 2024. That's an average of about 6.7% per year.
Income Inequality and the Gender Pay Gap in Taos County
| Metric | Taos County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.567 | 0.552 |
| Male Median Income | $57,693 | $60,037 | $69,667 |
| Female Median Income | $57,547 | $51,390 | $56,850 |
| Gender Pay Gap | 0.3% | 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 Taos County, it is 0.535, 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 0% more than women's income in Taos County, New Mexico.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taos County, New Mexico has narrowed from about 23% to 0% in 2024. Over that period the gap was widest at 32% in 2020. In dollar terms, the gap has narrowed by $7,884 since 2009.
Employment
| Metric | Taos County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 5.9% | 5.2% |
| Working from Home | 19.7% | 12.2% | 15.0% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 1,252 people are unemployed in Taos County, New Mexico.
The average commute time in Taos County is 21 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taos County, New Mexico has fallen from 12.3% to 7.6% in 2024. Over that period the rate peaked at 15.1% in 2013 and fell as low as 5.0% in 2023.
Taos County, NM Wealth Compared With Nearby Counties
Taos County, NM is the largest of the 6 counties compared here, 34,542 residents against a local median of 7,530. Taos County, NM's unemployment, at 7.6%, runs 102% 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: 6.7%/yr against a local median of 5.1%/yr, 32% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Taos County, NM is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.8% on unemployment, so Taos County, NM sits at one end of an already wide local range rather than apart from it. Taos 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. |
|---|---|---|---|---|---|
| Taos County, NM | 34,542 | $59,024 #2/6 | 6.7%/yr #2/6 | 7.6% #6/6 | 0.535 #4/6 |
| Costilla County, CO | 3,607 | $37,752 | 4.5%/yr | 3.5% | 0.546 |
| Conejos County, CO | 7,530 | $50,814 | 5.1%/yr | 4.8% | 0.493 |
| Mora County, NM | 4,149 | $54,333 | 13.5%/yr | 3.8% | 0.521 |
| Los Alamos County, NM | 19,409 | $146,398 | 4.3%/yr | 1.0% | 0.467 |
| Colfax County, NM | 12,320 | $54,144 | 6.4%/yr | 3.8% | 0.553 |
Conclusion
Considering all these factors, Taos County, 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 Taos County, New Mexico.
How Rich Is Taos County, New Mexico?
Taos 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 $59,024, about 9% lower than the New Mexico average of $64,523.
Are incomes growing in Taos County, New Mexico?
Between 2009 and 2024, the median household income in Taos County, New Mexico rose 65%, from $35,827 to $59,024. Over the same years, income here outpaced New Mexico as a whole: +65% against +50%.
What was the median household income in Taos County in 2023?
In 2023, the median household income in Taos County, New Mexico was $58,119, up 5% from $55,119 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Taos County in 2020?
In 2020, the median household income in Taos County, New Mexico was $41,463. By 2024 it had risen 42% to $59,024.
How strong is the job market in Taos County, New Mexico?
Unemployment in Taos County, New Mexico is 7.6%, well above the New Mexico rate of 5.9%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Taos County, New Mexico?
The Gini coefficient in Taos County is 0.535. 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 Taos County, New Mexico?
Since 2009, the income gap between men and women in Taos County, New Mexico has narrowed from about 23% to 0% in 2024. Over that period the gap was widest at 32% in 2020. In dollar terms, the gap has narrowed by $7,884 since 2009.
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