Agua Fria CDP New Mexico Income Charts

This section shows the Agua Fria CDP New Mexico economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Agua Fria CDP indicates it has a Median earnings of $32,679 which is less than most other places in the area. The place with the highest median earnings per worker in the area is Tesuque CDP which depicts a median earnings of $51,767 (58.4% larger). Comparing median earnings per worker to the United States average of $49,041, Agua Fria CDP is approximately three-fourths the size. Also, versus the state of New Mexico, median earnings per worker of $41,480, Agua Fria CDP is approximately three-fourths the size.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $41,201 which is less than most other places in the local area. The place with the highest median household income in the area is Tesuque CDP which shows a median income of $67,583 (64.0% larger). Comparing median household income to the United States average of $62,843, Agua Fria CDP is approximately three-fourths the size. Also, in contrast to the state of New Mexico, median household income of $49,754, Agua Fria CDP is about 20.8% smaller.

The next section examines a variety of different income statistics for the Agua Fria CDP metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 16.2% of the total and is ranked #2. The only larger place being Canada de los Alamos CDP with 26.4%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.1 which is the third most average hours of all other places in the greater Agua Fria CDP region. The place with the highest average hours in the area is Tesuque CDP which depicts an average hours of 40.4 (8.9% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $16.94 which is less than most other places in the greater region. The place with the highest average hourly earnings in the area is Tesuque CDP which depicts an average hourly earnings of $24.64 (45.5% larger). Comparing average hourly earnings to the United States average of $24.31, Agua Fria CDP is approximately three-fourths the size. Also, in comparison with the state of New Mexico, average hourly earnings of $20.83, Agua Fria CDP is about 23.0% smaller.

Figure 7 examines the number of self employed people in the Agua Fria CDP metro area based on the number of people who reported any self employment income. Agua Fria CDP depicts it has a Self Employed of 18.4% which is the third most of all other places in the greater region. The place with the highest percentage of people self employed in the area is La Cienega CDP which depicts a percentage self employed of 28.9% (57.3% larger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the mid range of other places in the local area at $41,676 of the total. Second, it has the second smallest in order of median income for those under 25 years of age of all the other places in the surrounding region in terms of median income-25 to 44 years at $37,500 of the total. Third, it has less than most other places in the metro area in terms of median income-45 to 64 years at $43,167 of the total.

Figure 9 breaks down the source of income and Agua Fria CDP has the largest proportion of investment and retirement income at 12.3% of the total and is ranked #1. Second, it has the largest proportion of social security at 1.0% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 16.8% which is in the mid range of other places in the greater region. The place with the highest households with retirement income in the area is Santa Fe which shows a households with retirement income of 25.0% (49.1% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income less than most other places in the metro area at $41,071 of the total. Second, it has in the middle range of other places in the local area in terms of hawaiian family income at $40,804 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Agua Fria CDP shows it has the hightest cost of 110.7 for the cost of transportation aggregate.

Agua Fria CDP New Mexico Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 6.8% to 4.0% in February 2020. This represents a decrease in the monthly unemployment rate of 41.2%. Since that time, the monthly unemployment rate has gone to 8.1% This represents an increase in the monthly unemployment rate of 102.5%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 43,100 to 44,558 in February 2020. This represents an increase in the monthly labor force participation of 3.4%. Since that time, the monthly labor force participation has gone to 40,437 This represents a decrease in the monthly labor force participation of 9.2%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Agua Fria CDP shows it has a Unemployment Rate of 0.7% which is the second smallest when sorted by unemployment rate of all the other places in the metro area. The place with the highest unemployment rate in the area is Tesuque Pueblo CDP which indicates a rate of 9.1% ( quite a bit bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Agua Fria CDP depicts it has a Labor Force Participation of 56.8% which is less than most other places in the surrounding region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Agua Fria CDP shows full time employees approximately 3.1 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Agua Fria CDP area. Agua Fria CDP depicts it has a Single Earner Families of 18.5% which is the smallest in terms of families with a single earner of all the other places in the greater region. The place with the highest families with a single earner in the area is Canada de los Alamos CDP which depicts a single earners rate of 54.0% (approximately 2.9 times bigger). The percentage of families with no one working is depicted in Figure 22. Agua Fria CDP depicts it has a Families with No One Working of 33.3% which is the highest of all places in the greater Agua Fria CDP region.

Agua Fria CDP New Mexico Poverty Charts

The next section details economy analysis about poverty for residents of the Agua Fria CDP community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Agua Fria CDP depicts it has a Total In Poverty of 371 which is the second most of all the places in the greater region. The place with the highest total people earning less than the poverty level in the area is Santa Fe which depicts a total people earning less than the poverty level of 11,165 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Agua Fria CDP depicts it has a Percent of Population In Poverty of 13.6% which is in the mid point range of other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Tesuque Pueblo CDP which shows a percent of people in poverty of 27.4% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Agua Fria CDP has the percentage of person in poverty 12 to 17 years the second smallest in terms of person in poverty under 12 years of all the other places in the metropolitan area at 6% of the total. Second, it has one of the largest proportions of person in poverty 18 to 34 years at 37% of the total and is ranked #2. The only larger place being Tesuque CDP with 39%. Third, it has the largest proportion of person in poverty 55 to 64 years at 18% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. Agua Fria CDP has the percentage of married with children and in poverty the second smallest as measured by married with children and in poverty of all the other places in the surrounding region at 18% of the total. Second, it has less than most other places in the area in order of unmarried with children and in poverty at 18% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Agua Fria CDP has the percentage of less than highschool in poverty in the mid point range of other places in the area at 13% of the total. Second, it has the largest proportion of highschool graduate and in poverty at 13% of the total and is ranked #1. Third, it has one of the largest proportions of has some college and in poverty at 20% of the total and is ranked #2. The only larger place being Peak Place CDP with 25%. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Agua Fria CDP shows it has a Public Assistance Percent of 10.5% which is the second smallest in order of households with public assistance of all the other places in the greater region. The place with the highest households with public assistance in the area is Peak Place CDP which depicts a households with public assistance of 28.3% (approximately 2.7 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Agua Fria CDP indicates it has a Gini Index of 39.2% which is the second smallest when sorted by the gini index of all the other places in the local area.

Agua Fria CDP New Mexico Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Agua Fria CDP or elsewhere.) Agua Fria CDP has one of the largest proportions of people who drove alone at 94% of the total and is ranked #2. The only larger place being Canada de los Alamos CDP with 96%. Second, it has less than most other places in the metro area when sorted by people who work from home at 3% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Agua Fria CDP has the largest proportion of people who leave for work between 12am to 5am at 6% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 6am to 630am at 17% of the total and is ranked #1. Third, it has the smallest proportion of people who leave for work between 8am to 830am at 2% of the total. Also, it has the largest proportion of people who leave for work between 10am to 11am at 3% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 12noon to 4pm at 7% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Agua Fria CDP has the percentage of people with commute time of less than 5 minutesutes less than most other places in the local area at 3% of the total. Second, it has one of the largest proportions of people with commute time between 5 to 9 minutes at 20% of the total and is ranked #2. The only larger place being Santa Fe with 20%. Third, it has the largest proportion of people with commute time between 10 to 14 minutes at 36% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 20 to 24 minutes at 1% of the total. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. Agua Fria CDP depicts it has a Avg Commute Time of 19 which is the second smallest as measured by average commute time of all the other places in the metro area. Figure 38 shows the difference between male versus female commuting time. Agua Fria CDP depicts average commute time in minutes for men 38.9% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Agua Fria CDP has one of the largest proportions of no vehicle available at 15% of the total and is ranked #3. Only #2 Tesuque CDP (23%), and #1 Santa Fe (24%) are larger. Second, it has in the middle range of other places in the surrounding region as measured by 3 vehicles available at 11% of the total. Third, it has the largest proportion of 4 vehicles available at 16% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Agua Fria CDP depicts it has a Work in city or place where live of 5% which is less than most other places in the metropolitan area. The place with the highest people who both work and live in the same city in the area is Santa Fe which shows a people who both work and live in the same city of 83% ( considerably bigger). Comparing people who both work and live in the same city to the United States average of 42%, Agua Fria CDP is approximately an eigth the size. Also, in contrast to the state of New Mexico, people who both work and live in the same city of 62%, Agua Fria CDP is approximately a twelfth the size.

Agua Fria CDP New Mexico Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Agua Fria CDP shows it has the hightest median earnings of $56,637 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Agua Fria CDP depicts it has the hightest median earnings of $32,344 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows Agua Fria CDP employment data in terms of job categories and salary data.

Agua Fria CDP New Mexico Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Agua Fria CDP shows it has the hightest entrepreneurs of 100% for the self employed in natural resources, construction, and maintenance businesses aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. Agua Fria CDP indicates it has a Self Employment Income of $24,927 which is in the mid point range of other places in the greater region. The place with the highest average annual self employment income in the area is Santa Fe which depicts an average annual self employment income of $38,368 (53.9% larger). Comparing average annual self employment income to the United States average of $39,154, Agua Fria CDP is approximately three-fourths the size. Also, in comparison with the state of New Mexico, average annual self employment income of $31,664, Agua Fria CDP is approximately three-fourths the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Agua Fria CDP shows total number of self-employed men substantially bigger as the total number of self-employed women.