Harding County, New Mexico
Income Data
At a Glance
How Harding County Compares
Detailed Income Statistics
Data Story
About Household Income in Harding County, New Mexico
Harding incomes lag national benchmark
Harding County's median household income of $41,250 falls about $33,500 below the U.S. median of $74,755, reflecting limited economic scale and employment opportunities. The county's small population and rural character constrain wage growth.
Below state average, sparse population
Harding County's median household income of $41,250 trails New Mexico's state average of $55,469 by roughly $14,000. As one of the state's least populous counties, Harding faces structural challenges in attracting higher-wage employers.
Similar challenges to nearby counties
Harding County households earn $41,250, comparable to Guadalupe County ($40,149) and well below Lincoln County ($51,643) and Lea County ($68,750). The northern plains counties share limited economic diversity and lower wage opportunities.
Affordability offsets modest income
Harding County's rent-to-income ratio of 20.4% and median home value of just $86,500 mean housing costs consume a moderate share of income while remaining quite affordable. Low housing costs provide financial breathing room for households on modest earnings.
Save aggressively on low expenses
Harding County's exceptionally low housing costs create an opportunity to save aggressively on a modest income of $41,250. Focus on building an emergency fund, exploring any available employer retirement plans, and consider skill development that could enable remote work at higher wages.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Harding County median
County median: $41,250 per year
vs. County Median
+0%
vs. State Average
-26%
vs. National Median
-45%
Income Adequacy
Your monthly income ($3,438) vs. median rent ($700/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.