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.

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.

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.

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.

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.

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.