Grant County, New Mexico

Income Data

-17% vs. New Mexico average
$45,921
Median Household Income
$30,395
Per Capita Income

At a Glance

Median Household Income
$45,921
-17% vs. state avg
Per Capita Income
$30,395
-23% vs. national
Income-to-Housing Ratio
27.9%
income as % of home value
Rank in New Mexico
#25 / 33
by median household income

How Grant County Compares

Grant County$45,921
New Mexico Average$55,469
National Median$74,755

Detailed Income Statistics

$45,921
Median Household Income
$30,395
Per Capita Income
$164,400
Median Home Value
27.9%
Income-to-Housing Ratio

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?
The median household income in Grant County, New Mexico is $45,921, 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 Grant County?
The per capita income in Grant County is $30,395, 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 $45,921.
How does Grant County compare to the New Mexico average?
Grant County's median household income of $45,921 is lower than the New Mexico state average of $55,469. The per capita income is $30,395, compared to the state average of $32,602.
What is the per capita income in Grant County, New Mexico?
The per capita income in Grant County, New Mexico is $30,395, 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.
Is Grant County a low-income area in New Mexico?
Grant County's median household income of $45,921 is below the New Mexico average of $55,469. The per capita income of $30,395 is also lower than the state average of $32,602. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Grant County rank for income in New Mexico?
Grant County ranks #25 out of 33 counties in New Mexico by median household income (1 = highest). With a median household income of $45,921 and per capita income of $30,395, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Grant County

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1.00x

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%

vs. Grant County MedianAbout equal
vs. New Mexico Average17% below
vs. National Median39% below

Income Adequacy

Monthly income covers median rent4.7x

Your monthly income ($3,827) vs. median rent ($810/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.