Torrance County, New Mexico Income Statistics
Torrance 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
Torrance County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Torrance County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,548 | $64,523 | $80,455 |
| Median Personal Income | $44,802 | $52,404 | $60,758 |
| Average Yearly Income Growth | 8.2% | 4.4% | 4.8% |
| Six-Figure Earners | 5.2% | 10.2% | 13.9% |
| $200k+ Households | 4.3% | 7.8% | 13.2% |
The median household income in Torrance County is about 9% lower than in New Mexico. Income has been growing faster in Torrance County (8.2%/yr) than in New Mexico (4.4%/yr).
About 5% of adults in Torrance 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 Torrance County, New Mexico grew by 66.6% from 2009 to 2024, reaching $58,548 in 2024. That's an average of about 8.2% per year.
Income Inequality and the Gender Pay Gap in Torrance County
| Metric | Torrance County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.567 | 0.552 |
| Male Median Income | $48,419 | $60,037 | $69,667 |
| Female Median Income | $41,533 | $51,390 | $56,850 |
| Gender Pay Gap | 14.2% | 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 Torrance County, it is 0.528, 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 Torrance County, New Mexico. Over a 35-year career, a 17% wage gap accumulates to roughly $241,010 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Torrance County, New Mexico has narrowed from about 26% to 14% in 2024. Over that period the gap was widest at 30% in 2011, and in 2021 women out-earned men by 28%. In dollar terms, the gap has narrowed by $2,811 since 2009.
Employment
| Metric | Torrance County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.0% | 5.9% | 5.2% |
| Working from Home | 8.6% | 12.2% | 15.0% |
| Commute time (minutes) | 36 | 18 | 22 |
Approximately 620 people are unemployed in Torrance County, New Mexico.
The average commute time in Torrance County is 36 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Torrance County, New Mexico has fallen from 14.4% to 9.0% in 2024. Over that period the rate peaked at 16.8% in 2012 and fell as low as 5.3% in 2018.
Torrance County, NM Wealth Compared With Nearby Counties
Torrance County, NM is the 5th largest of the 6 counties compared here, 15,478 residents against a local median of 78,461. Torrance County, NM's income growth, at 8.2%/yr, runs 83% above the 4.5%/yr typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 9.0% against a local median of 5.2%, 73% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Torrance County, NM is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.3%/yr on income growth, so Torrance County, NM sits at one end of an already wide local range rather than apart from it. Torrance County, NM has the highest income growth 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. |
|---|---|---|---|---|---|
| Torrance County, NM | 15,478 | $58,548 #4/6 | 8.2%/yr #1/6 | 9.0% #6/6 | 0.528 #1/6 |
| Santa Fe County, NM | 155,407 | $79,204 | 4.6%/yr | 5.2% | 0.533 |
| Bernalillo County, NM | 672,163 | $69,651 | 4.5%/yr | 5.3% | 0.547 |
| Valencia County, NM | 78,461 | $59,334 | 4.5%/yr | 6.9% | 0.579 |
| Lincoln County, NM | 20,223 | $53,596 | 3.8%/yr | 5.1% | 0.529 |
| Guadalupe County, NM | 4,381 | $42,972 | 6.1%/yr | 2.6% | 0.596 |
Conclusion
Considering all these factors, Torrance 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 Torrance County, New Mexico.
How Rich Is Torrance County, New Mexico?
Torrance 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 $58,548, about 9% lower than the New Mexico average of $64,523.
Are incomes growing in Torrance County, New Mexico?
Between 2009 and 2024, the median household income in Torrance County, New Mexico rose 67%, from $35,133 to $58,548. Over the same years, income here outpaced New Mexico as a whole: +67% against +50%.
What was the median household income in Torrance County in 2023?
In 2023, the median household income in Torrance County, New Mexico was $45,746, down 10% from $50,847 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Torrance County in 2020?
In 2020, the median household income in Torrance County, New Mexico was $39,289. By 2024 it had risen 49% to $58,548.
How strong is the job market in Torrance County, New Mexico?
Unemployment in Torrance County, New Mexico is 9.0%, well above the New Mexico rate of 5.9%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Torrance County, New Mexico?
The Gini coefficient in Torrance County is 0.528. 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 Torrance County, New Mexico?
Since 2009, the income gap between men and women in Torrance County, New Mexico has narrowed from about 26% to 14% in 2024. Over that period the gap was widest at 30% in 2011, and in 2021 women out-earned men by 28%. In dollar terms, the gap has narrowed by $2,811 since 2009.
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