New Mexico

Population

Steady. Within 1% of 2020, every year since.

2,125,498

people, the 36th-largest of the 50 states and D.C.

Census Population Estimates, 2025. Rank among the 50 states and D.C. computed by the Almanac. Sources: Census Population Estimates

The workday

About 1 in 18 jobs here go to people who live in another state.

5.5%

of 845,081 jobs located in New Mexico are filled by people who live in another state.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Unemployment, 2026

The low came in March: 4.3%.

4.8%

in September 2026, the latest month released. A year earlier it was 4.0%.

BLS Local Area Unemployment Statistics, monthly, through September 2026. Not seasonally adjusted, so compare with the same month a year earlier. Sources: BLS Local Area Unemployment Statistics

Rent

Median rent is up 62% since the 2005–2009 survey, before inflation.

$1,067

a month. The U.S. median is $1,413.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$1,019–$1,529

is the monthly rent range local workforce wages support.

• $1,067 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

75% of the housing here was built before 2000.

• 65,438 homes permitted in ten years, 2016–2025
• 18% of those were in multifamily buildings
• 75% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year

Home value

A median home costs 25% less than the U.S. median.

$248,100

median home value in New Mexico.

• $248,100 New Mexico
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year