New Mexico Economic Overview
Key economic indicators for New Mexico (NM). Population: 2,117,522.
Unemployment Rate
4.2%
Below national avg (~4.2%)
Median Annual Wage
$47,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.8%
Year-over-year change
Population
2.1M
Source: 2020 Census
About the New Mexico Economy
New Mexico has an unemployment rate of 4.2%, which is below the national average. The median annual wage is $47,000, with wages growing at 3.8% year-over-year. With a population of 2,117,522, New Mexico is the a smaller state economy in the U.S.