Eddy County, New Mexico

Income Data

+44% vs. New Mexico average
$79,605
Median Household Income
$37,698
Per Capita Income

At a Glance

Median Household Income
$79,605
+44% vs. state avg
Per Capita Income
$37,698
-4% vs. national
Income-to-Housing Ratio
39.9%
income as % of home value
Rank in New Mexico
#3 / 33
by median household income

How Eddy County Compares

Eddy County$79,605
New Mexico Average$55,469
National Median$74,755

Detailed Income Statistics

$79,605
Median Household Income
$37,698
Per Capita Income
$199,400
Median Home Value
39.9%
Income-to-Housing Ratio

Data Story

About Household Income in Eddy County, New Mexico

Eddy outpaces nation on income

Eddy County's median household income of $79,605 exceeds the U.S. median of $74,755 by about $4,850, placing it well above the national average. This stronger-than-average earning power reflects robust economic activity in the county, driven largely by energy sector employment.

Top earner in New Mexico

At $79,605, Eddy County ranks among the highest income counties in New Mexico, significantly ahead of the state average of $55,469. The county's median household income runs 43% higher than its state peers, signaling concentrated economic strength.

Clear income edge over nearby counties

Eddy County households earn $79,605, compared to $68,750 in neighboring Lea County and $51,643 in Lincoln County. Only Los Alamos County ($143,188) outpaces Eddy in the region, but Eddy remains the second-strongest earner among surrounding counties.

Housing costs stay manageable here

Eddy County's rent-to-income ratio of 17.8% sits below the national warning threshold of 30%, indicating housing remains affordable relative to earnings. With a median home value of $199,400 and strong median income, residents have healthy purchasing power for homeownership.

Build on Eddy's income strength

With median household income exceeding national and state averages, Eddy County residents have a solid foundation for savings and investment. Consider working with a financial advisor to develop a strategy that locks in retirement savings, builds home equity, and diversifies assets beyond the local energy economy.

Frequently Asked Questions

What is the median household income in Eddy County, New Mexico?
The median household income in Eddy County, New Mexico is $79,605, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Eddy County?
The per capita income in Eddy County is $37,698, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $79,605.
How does Eddy County compare to the New Mexico average?
Eddy County's median household income of $79,605 is higher than the New Mexico state average of $55,469. The per capita income is $37,698, compared to the state average of $32,602.
What is the per capita income in Eddy County, New Mexico?
The per capita income in Eddy County, New Mexico is $37,698, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Eddy County income higher than the New Mexico average?
Eddy County's median household income of $79,605 is higher than the New Mexico average of $55,469. This difference of $24,136 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Eddy County rank for income in New Mexico?
Eddy County ranks #3 out of 33 counties in New Mexico by median household income (1 = highest). With a median household income of $79,605 and per capita income of $37,698, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Eddy County

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Your income is above the Eddy County median

County median: $79,605 per year

vs. County Median

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vs. State Average

+44%

vs. National Median

+6%

vs. Eddy County MedianAbout equal
vs. New Mexico Average44% above
vs. National Median6% above

Income Adequacy

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Your monthly income ($6,634) vs. median rent ($1,183/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.