What is Middle Class Income in New Mexico?
How much you should make a year to be considered as a middle class in New Mexico, take a clear look at the income levels that define the middle class in the state. For families in New Mexico, being part of the middle class means earning between $39,203 and $135,898 annually, depending on family size. This article provides a detailed picture of these income ranges for different family sizes, from two-person households to families of four.
| Family Size: | Income Range: |
| 2-person family: | $39,203 to $117,024 |
| 3-person family: | $39,809 to $118,834 |
| 4-person family: | $45,526 to $135,898 |
Here’s a Quick Guide for Every Family Size: Curious to know about where your family fits in New Mexico’s economic system. Find your income range that defines your status.
Income Tier Calculator
Source: census.gov, justice.gov
What is Median Income in New Mexico?
According to data from justice.gov, This table below provides a breakdown of the median income for families ranging from one to four members in New Mexico.
| Family Size | Median Income Range |
| 1-person family: | $49,757 |
| 2-person family: | $60,728 |
| 3-person family: | $66,183 |
| 4-person family: | $70,316 |
New Mexico’s economic landscape reveals a median household income of $58,722, according to the US Census Bureau’s latest figures. This indicates that half of New Mexico’s households earn less than this amount, while the other half earns more. The per capita income in the state stands at $32,667.
However, it’s important to consider the poverty rate, which sits at 17.6% in New Mexico. This is higher than neighboring Texas, where the median household income is $73,035 and the per capita income is $37,514, with a poverty rate of 14.0%. This comparison underscores the economic differences that can exist even between states that share a border.
