San Miguel County, New Mexico
Income Data
At a Glance
How San Miguel County Compares
Detailed Income Statistics
Data Story
About Household Income in San Miguel County, New Mexico
San Miguel trails national income average
San Miguel County's median household income of $47,400 falls roughly 37% below the U.S. median of $74,755. This places the county in the lower income tier nationally, suggesting limited earning power compared to most American households.
Below average for New Mexico
San Miguel ranks in the lower half of New Mexico's counties with a median household income $8,069 below the state average of $55,469. The county's per capita income of $28,140 also lags the state benchmark of $32,602.
Comparable to Socorro, outpaced by Taos
San Miguel's $47,400 income nearly matches Socorro County ($47,556) but falls short of nearby Taos County ($58,908) by about $11,500. Among the region's rural counties, San Miguel sits in the middle of the income distribution.
Rent remains manageable here
San Miguel's rent-to-income ratio of 19.6% is the healthiest in this group and well below the 30% affordability threshold, meaning housing costs stay manageable. The median home value of $177,600 remains accessible relative to household earnings.
Build financial security intentionally
With modest household incomes, San Miguel residents benefit from prioritizing emergency savings and low-cost investment vehicles like employer 401(k)s and IRAs. Even small, consistent contributions compound significantly over time and build long-term wealth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the San Miguel County median
County median: $47,400 per year
vs. County Median
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vs. State Average
-15%
vs. National Median
-37%
Income Adequacy
Your monthly income ($3,950) vs. median rent ($774/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.