IncomeBy County

San Miguel County, New Mexico

Income Data

U.S. Census Bureau ACS
-15% vs. New Mexico average
$47,400
Median Household Income
$28,140
Per Capita Income

At a Glance

Median Household Income
$47,400
-15% vs. state avg
Per Capita Income
$28,140
-29% vs. national
Income-to-Housing Ratio
26.7%
income as % of home value
Rank in New Mexico
#22 / 33
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How San Miguel County Compares

San Miguel County$47,400
New Mexico Average$55,469
National Median$74,755

Detailed Income Statistics

$47,400
Median Household Income
$28,140
Per Capita Income
$177,600
Median Home Value
26.7%
Income-to-Housing Ratio

Income Advisory: San Miguel County

Income Verdict

San Miguel County has a median household income of $47,400 and per capita income of $28,140 — a gap of $19,260, suggesting a higher share of single-earner or non-family households.

Housing Affordability

With median gross rent at $774/month and a median household income of $47,400, rent consumes approximately 19.6% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $47,400, residents of San Miguel County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $28,140 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.

Neighbor Context

San Miguel County earns approximately 14.5% below the New Mexico state median household income of $55,469.

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

What is the median household income in San Miguel County, New Mexico?
The median household income in San Miguel County, New Mexico is $47,400, 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 San Miguel County?
The per capita income in San Miguel County is $28,140, 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 $47,400.
How does San Miguel County compare to the New Mexico average?
San Miguel County's median household income of $47,400 is lower than the New Mexico state average of $55,469. The per capita income is $28,140, compared to the state average of $32,602.
What is the per capita income in San Miguel County, New Mexico?
The per capita income in San Miguel County, New Mexico is $28,140, 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 San Miguel County a low-income area in New Mexico?
San Miguel County's median household income of $47,400 is below the New Mexico average of $55,469. The per capita income of $28,140 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 San Miguel County rank for income in New Mexico?
San Miguel County ranks #22 out of 33 counties in New Mexico by median household income (1 = highest). With a median household income of $47,400 and per capita income of $28,140, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in San Miguel County

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Your income is above the San Miguel County median

County median: $47,400 per year

vs. County Median

+0%

vs. State Average

-15%

vs. National Median

-37%

vs. San Miguel County MedianAbout equal
vs. New Mexico Average▼ 15% below
vs. National Median▼ 37% below

Income Adequacy

Monthly income covers median rent5.1x

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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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

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