New Mexico has a population of approximately 2,109,366 and experiences a population change rate of 15.96%. The population density is 17.4 / sq mi .
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Population
Household
The median household income for New Mexico is $54,020, with 797,596 households and an average household size of 2.59.
Home Value
The median value of a home in New Mexico is $267,100 with an appreciation rate of 15.70%. 58.02% of housing in the state is owned while 27.07% is rented.
Cost of Living
The cost of living in New Mexico is 96.3 %.
Employment
The unemployment rate in New Mexico is 3.10%, and recent job growth is at 1.41%. Future job growth is projected at 40.11%.
Taxes
The sales tax rate in New Mexico is 7.75%, while the income tax rate is 4.90% .
Education
School expenditures in New Mexico are $13,299, and the school ratio is 15.1:1.
Weather
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 14.6 inches per year, with 23.6 inches of snow per year.