Valencia County, New Mexico Income Statistics
Valencia 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
Valencia County Well below averageWealthier than 75% of counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,334 | $64,523 | $80,455 |
| Median Personal Income | $48,710 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 7.1% | 10.2% | 13.9% |
| $200k+ Households | 5.1% | 7.8% | 13.2% |
The median household income in Valencia County is about 8% lower than in New Mexico. Income has been growing faster in Valencia County (4.5%/yr) than in New Mexico (4.4%/yr).
About 7% of adults in Valencia 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 Valencia County, New Mexico grew by 37.9% from 2009 to 2024, reaching $59,334 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Valencia County
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.567 | 0.552 |
| Male Median Income | $51,814 | $60,037 | $69,667 |
| Female Median Income | $50,887 | $51,390 | $56,850 |
| Gender Pay Gap | 1.8% | 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 Valencia County, it is 0.579, higher than New Mexico's 0.567, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 2% more than women's income in Valencia County, New Mexico. Over a 35-year career, a 2% wage gap accumulates to roughly $32,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Valencia County, New Mexico has narrowed from about 23% to 2% in 2024. In dollar terms, the gap has narrowed by $8,907 since 2009.
Employment
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.9% | 5.2% |
| Working from Home | 11.1% | 12.2% | 15.0% |
| Commute time (minutes) | 30 | 18 | 22 |
Approximately 2,273 people are unemployed in Valencia County, New Mexico.
The average commute time in Valencia County is 30 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Valencia County, New Mexico has fallen from 9.8% to 6.9% in 2024. Over that period the rate peaked at 12.9% in 2014 and fell as low as 6.9% in 2023.
Valencia County, NM Wealth Compared With Nearby Counties
Valencia County, NM is the 4th largest of the 6 counties compared here, 78,461 residents against a local median of 153,584. Where Valencia County, NM breaks from the counties next to it is unemployment, sitting 32% above the local median of 5.2% at 6.9%. That is the weaker end of the local range on this measure.
The counties themselves spread 7.8% on unemployment, so Valencia County, NM sits at one end of an already wide local range rather than apart from it. Valencia County, NM has the 5th 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. |
|---|---|---|---|---|---|
| Valencia County, NM | 78,461 | $59,334 #4/6 | 4.5%/yr #5/6 | 6.9% #5/6 | 0.579 #5/6 |
| Bernalillo County, NM | 672,163 | $69,651 | 4.5%/yr | 5.3% | 0.547 |
| Socorro County, NM | 16,198 | $37,471 | 1.9%/yr | 1.2% | 0.603 |
| Torrance County, NM | 15,478 | $58,548 | 8.2%/yr | 9.0% | 0.528 |
| Sandoval County, NM | 153,584 | $85,813 | 4.7%/yr | 5.1% | 0.548 |
| Santa Fe County, NM | 155,407 | $79,204 | 4.6%/yr | 5.2% | 0.533 |
Conclusion
Considering all these factors, Valencia 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 Valencia County, New Mexico.
How Rich Is Valencia County, New Mexico?
Valencia 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 $59,334, about 8% lower than the New Mexico average of $64,523.
How has median household income changed in Valencia County, New Mexico?
Between 2009 and 2024, the median household income in Valencia County, New Mexico rose 38%, from $43,015 to $59,334. Over the same years, income here lagged behind New Mexico as a whole: +38% against +50%.
What was the median household income in Valencia County in 2023?
In 2023, the median household income in Valencia County, New Mexico was $58,302, up 3% from $56,366 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Valencia County in 2020?
In 2020, the median household income in Valencia County, New Mexico was $51,070. By 2024 it had risen 16% to $59,334.
What is the Gini coefficient in Valencia County, New Mexico?
The Gini coefficient in Valencia County is 0.579. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Valencia County, New Mexico?
Since 2009, the income gap between men and women in Valencia County, New Mexico has narrowed from about 23% to 2% in 2024. In dollar terms, the gap has narrowed by $8,907 since 2009.
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