New Mexico - Income

According to the Bureau of Economic Analysis, in 2001, New Mexico had a per capita personal income (PCPI) of $23,081 which ranked 48th in the United States (including the District of Columbia) and was 76% of the national average, $30,413. The 2001 PCPI reflected an increase of 5.9% from 2000 compared to the national change of 2.2%. In 2001, New Mexico had a total personal income (TPI) of $42,260,462,000 which ranked 38th in the United States and accounted for 0.5% of the national total. The 2001 TPI reflected an increase of 6.5% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in New Mexico increased from $27,626,516,000 in 2000 to $29,404,755,000 in 2001, an increase of 6.4%. The largest industries in 2001 were services, 27.5% of earnings; state and local government, 19.2%; and retail trade, 10.1%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was retail trade, which increased 3.7%; the fastest was state and local government, which increased 13.0%.

According to data released by the US Census Bureau, in 2000, the median household income was $35,254 compared to the national average of $42,148. In 2001, the median income for a family of four was $46,596 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 18.8% which placed it 51st among the 50 states and the District of Columbia ranked lowest to highest.