Taos County, New Mexico

Income Data

+6% vs. New Mexico average
$58,908
Median Household Income
$40,018
Per Capita Income

At a Glance

Median Household Income
$58,908
+6% vs. state avg
Per Capita Income
$40,018
+1% vs. national
Income-to-Housing Ratio
16.6%
income as % of home value
Rank in New Mexico
#7 / 33
by median household income

How Taos County Compares

Taos County$58,908
New Mexico Average$55,469
National Median$74,755

Detailed Income Statistics

$58,908
Median Household Income
$40,018
Per Capita Income
$354,000
Median Home Value
16.6%
Income-to-Housing Ratio

Data Story

About Household Income in Taos County, New Mexico

Taos approaches but lags national income

Taos County's median household income of $58,908 falls $15,847 below the U.S. median of $74,755, representing roughly 79% of national average earnings. The county sits in the lower tier nationally despite ranking strongest in northern New Mexico.

Above New Mexico average

Taos's median household income of $58,908 exceeds New Mexico's state average of $55,469 by $3,439, making it a relatively stronger performer statewide. Its per capita income of $40,018 also leads the state mean by $7,416.

Outearns most rural rivals

Taos's $58,908 income surpasses San Miguel ($47,400), Socorro ($47,556), Torrance ($46,250), and Sierra ($37,840) by significant margins. Only Sandoval ($84,053) and Santa Fe ($74,689) exceed Taos in the regional group.

High home values strain affordability

Taos County's rent-to-income ratio of 21.8% edges above comfort zones, and the median home value of $354,000 ranks second-highest regionally. Despite moderate ratios, absolute housing costs challenge many households here.

Taos residents can build diversified wealth

With above-state-average incomes, Taos households benefit from balancing primary residence investment with diversified portfolio building. Long-term investors here should consider both traditional and alternative assets appropriate to their risk tolerance.

Frequently Asked Questions

What is the median household income in Taos County, New Mexico?
The median household income in Taos County, New Mexico is $58,908, 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 Taos County?
The per capita income in Taos County is $40,018, 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 $58,908.
How does Taos County compare to the New Mexico average?
Taos County's median household income of $58,908 is higher than the New Mexico state average of $55,469. The per capita income is $40,018, compared to the state average of $32,602.
What is the per capita income in Taos County, New Mexico?
The per capita income in Taos County, New Mexico is $40,018, 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.
Why is Taos County income higher than the New Mexico average?
Taos County's median household income of $58,908 is higher than the New Mexico average of $55,469. This difference of $3,439 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Taos County rank for income in New Mexico?
Taos County ranks #7 out of 33 counties in New Mexico by median household income (1 = highest). With a median household income of $58,908 and per capita income of $40,018, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Taos County

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Your income is above the Taos County median

County median: $58,908 per year

vs. County Median

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vs. State Average

+6%

vs. National Median

-21%

vs. Taos County MedianAbout equal
vs. New Mexico Average6% above
vs. National Median21% below

Income Adequacy

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Your monthly income ($4,909) vs. median rent ($1,069/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.