IncomeBy County

Torrance County, New Mexico

Income Data

U.S. Census Bureau ACS
-17% vs. New Mexico average
$46,250
Median Household Income
$24,922
Per Capita Income

At a Glance

Median Household Income
$46,250
-17% vs. state avg
Per Capita Income
$24,922
-37% vs. national
Income-to-Housing Ratio
31.9%
income as % of home value
Rank in New Mexico
#24 / 33
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Torrance County Compares

Torrance County$46,250
New Mexico Average$55,469
National Median$74,755

Detailed Income Statistics

$46,250
Median Household Income
$24,922
Per Capita Income
$145,100
Median Home Value
31.9%
Income-to-Housing Ratio

Income Advisory: Torrance County

Income Verdict

Torrance County has a median household income of $46,250 and per capita income of $24,922 — a gap of $21,328, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $845/month and a median household income of $46,250, rent consumes approximately 21.9% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $46,250, residents of Torrance County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $24,922 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.

Neighbor Context

Torrance County earns approximately 16.6% below the New Mexico state median household income of $55,469.

Data Story

About Household Income in Torrance County, New Mexico

Torrance significantly lags national income

Torrance County's median household income of $46,250 falls $28,505 below the U.S. median of $74,755, representing roughly 62% of national average. The county ranks among lowest-income areas nationally.

Below New Mexico average

Torrance's median household income of $46,250 trails New Mexico's state average of $55,469 by $9,219. Its per capita income of $24,922 also falls below the state benchmark of $32,602.

Bottom tier of regional group

Torrance's $46,250 income ranks second-lowest among the profiled counties, surpassing only Sierra County ($37,840) by $8,410. Most neighboring counties earn substantially more.

Housing costs take large income share

Torrance County's rent-to-income ratio of 21.9% ranks among the highest in this group, meaning housing consumes significant income percentage. Median home value of $145,100 remains modest but represents substantial commitment relative to earnings.

Start small, save consistently

Torrance County residents should prioritize building emergency reserves before aggressive investing, given modest incomes. Employer retirement plans with matching, if available, offer powerful tax-advantaged growth even with small regular contributions.

Frequently Asked Questions

What is the median household income in Torrance County, New Mexico?
The median household income in Torrance County, New Mexico is $46,250, 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 Torrance County?
The per capita income in Torrance County is $24,922, 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 $46,250.
How does Torrance County compare to the New Mexico average?
Torrance County's median household income of $46,250 is lower than the New Mexico state average of $55,469. The per capita income is $24,922, compared to the state average of $32,602.
What is the per capita income in Torrance County, New Mexico?
The per capita income in Torrance County, New Mexico is $24,922, 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 Torrance County a low-income area in New Mexico?
Torrance County's median household income of $46,250 is below the New Mexico average of $55,469. The per capita income of $24,922 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 Torrance County rank for income in New Mexico?
Torrance County ranks #24 out of 33 counties in New Mexico by median household income (1 = highest). With a median household income of $46,250 and per capita income of $24,922, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Torrance County

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1.00x

Your income is above the Torrance County median

County median: $46,250 per year

vs. County Median

+0%

vs. State Average

-17%

vs. National Median

-38%

vs. Torrance County MedianAbout equal
vs. New Mexico Average▼ 17% below
vs. National Median▼ 38% below

Income Adequacy

Monthly income covers median rent4.6x

Your monthly income ($3,854) vs. median rent ($845/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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