State Ledger
State profile

New Mexico FIPS 35

Population
2,109,366
Median household income
$54,020
Nonfarm employment
905,300
Business establishments
44,861

Every figure above traces to a primary source · view data sources & methodology

State Highlights

Largest employer sector
Health care and social assistance
128,748 employees
Business concentration
19.5%
of private employment in Health care and social assistance
Home prices, 1 year
+2.1%
FHFA
Federal outlays per capita
$15,533.10
USASpending.gov

Economy & Labor

Total nonfarm employment

BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available · latest observation: August 2026
Employment ratio
43.4%
employed ÷ population
Unemployed population (ACS)
63,136
Vs. July
▲ 10,500
Business density
21.5 per 1,000
establishments per capita

Leading Industries

Leading industries by employment

Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1 Health care and social assistance 128,748 employees
2 Accommodation and food services 96,072 employees
3 Retail trade 95,261 employees
4 Professional, scientific, and technical services 64,115 employees
5 Construction 46,332 employees

Leading Public Companies

Top 2 by latest reported revenue

SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
TXNM ENERGY INC · TXNM
$2.17B
Electric Services
Array Technologies, Inc. · ARRY
$1.28B
Semiconductors & Related Devices

Population & People

Homeownership rate
68.2%
543.8K of 797.6K occupied homes are owner-occupied

Population by age

U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
0–17
485.3K · 23.0%
18–24
197.4K · 9.4%
25–34
280.5K · 13.3%
35–44
260.7K · 12.4%
45–54
241.1K · 11.4%
55–64
274.8K · 13.0%
65–74
224.9K · 10.7%
75+
144.7K · 6.9%

Housing & Real Estate

Median home value
$184,800
Median gross rent
$897 / month
Vacancy rate
14.9%
Total housing units
937.4K
Owner-occupied homes
543.8K
Renter-occupied homes
253.8K
Home prices, 1 year
+2.1%
Home prices, 5 years
+42.7%
Latest FHFA period
2026 Q2

ACS: 2021 ACS 5-year · FHFA: 2026 Q2

ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.

Federal Spending

Total federal outlays
$32.43B
Outlays per capita
$15,533.10
Total prime award value
$41.56B

Source: USASpending.gov · specific reporting period not published in this dataset