Grant County, New Mexico
Income Data
At a Glance
How Grant County Compares
Detailed Income Statistics
Data Story
About Household Income in Grant County, New Mexico
Grant lags far behind national median
Grant County's median household income of $45,921 trails the U.S. median of $74,755 by nearly $29,000, placing it in the lower income tier nationally. This gap reflects limited economic diversification and fewer high-wage opportunities in the county.
Below average for New Mexico
Grant County's median household income of $45,921 falls about $9,500 below New Mexico's state average of $55,469. The county ranks in the lower half of New Mexico's 33 counties by median household income.
Income challenges shared with region
Grant County households earn $45,921, similar to Hidalgo County ($49,076) but below Lea County ($68,750) and Lincoln County ($51,643). The southwestern cluster of New Mexico counties generally struggles with income levels compared to the state's energy and research hubs.
Housing costs strain household budgets
Grant County's rent-to-income ratio of 21.2% indicates housing consumes a meaningful share of household earnings, though still below critical affordability thresholds. With median household income of $45,921 and median home values at $164,400, many residents face stretched housing budgets.
Strategic planning essential here
Grant County residents earning below national averages need intentional financial planning to build long-term wealth. Prioritize emergency savings, explore lower-cost investment options like employer 401(k) matches, and seek professional guidance on affordable debt management and homeownership strategies.
Frequently Asked Questions
What is the median household income in Grant County, New Mexico?
How much do people earn in Grant County?
How does Grant County compare to the New Mexico average?
What is the per capita income in Grant County, New Mexico?
Is Grant County a low-income area in New Mexico?
How does Grant County rank for income in New Mexico?
Income Comparison Calculator
See how your household income compares in Grant County
Your income is above the Grant County median
County median: $45,921 per year
vs. County Median
+0%
vs. State Average
-17%
vs. National Median
-39%
Income Adequacy
Your monthly income ($3,827) vs. median rent ($810/mo). A ratio of 3.3x or higher means rent is under 30% of income.
Grow Your Wealth
See how your income stacks up in Grant County, New Mexico? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.
Start InvestingCounties with Similar Income Levels
Compare Financial Products in New Mexico
Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.
Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.