Peak Place CDP New Mexico Income Charts

This section shows the Peak Place 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, Peak Place CDP shows it has a Median earnings of $26,875 which is the second smallest in terms of median earnings per worker of all the other places in the greater region. The place with the highest median earnings per worker in the area is Chupadero CDP which shows a median earnings of $93,295 (approximately 3.5 times bigger). Comparing median earnings per worker to the United States average of $49,041, Peak Place CDP is approximately half the size. Also, in comparison with the state of New Mexico, median earnings per worker of $41,480, Peak Place 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 $36,875 which is the second smallest in order of median household income of all the other places in the local area. The place with the highest median household income in the area is Chupadero CDP which shows a median income of $110,156 (approximately 3.0 times bigger). Comparing median household income to the United States average of $62,843, Peak Place CDP is approximately half the size. Also, benchmarked against the state of New Mexico, median household income of $49,754, Peak Place CDP is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Peak Place CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest in terms of median earnings of less than $10,000 of all the other places in the local area at 4.7% of the total. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 18.2% of the total and is ranked #1. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 53.1% of the total and is ranked #1. Also, it has the smallest proportion of earnings between $75,000 and $99,999 at 1.6% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.7 which is the second smallest when ranked by average hours of all the other places in the local area. The place with the highest average hours in the area is Tesuque CDP which depicts an average hours of 40.4 (7.2% 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 $13.71 which is the second smallest in terms of average hourly earnings of all the other places in the greater region. The place with the highest average hourly earnings in the area is Chupadero CDP which indicates an average hourly earnings of $46.24 (approximately 3.4 times bigger). Comparing average hourly earnings to the United States average of $24.31, Peak Place CDP is approximately half the size. Also, measured against the state of New Mexico, average hourly earnings of $20.83, Peak Place CDP is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Peak Place CDP metro area based on the number of people who reported any self employment income. Peak Place CDP indicates it has a Self Employed of 7.1% which is the second smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is Cuyamungue Grant CDP which depicts a percentage self employed of 24.7% (approximately 3.5 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the middle range of other places in the metropolitan area at $40,833 of the total. Second, it has less than most other places in the surrounding region as measured by median income-25 to 44 years at $30,000 of the total.

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 8.7% which is the smallest when sorted by households with retirement income of all the other places in the area. The place with the highest households with retirement income in the area is Chupadero CDP which depicts a households with retirement income of 38.5% (approximately 4.4 times bigger).

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 $42,500 of the total. Second, it has in the mid point range of other places in the greater region in terms of hawaiian family income at $35,000 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. Peak Place CDP depicts it has the hightest cost of 110.7 for the cost of transportation classification.

Peak Place 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 virus 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 shows 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 Peak Place CDP shows it has a Unemployment Rate of 2.2% which is in the mid range of other places in the local area. The place with the highest unemployment rate in the area is Tesuque Pueblo CDP which shows a rate of 9.1% (approximately 4.1 times bigger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Peak Place CDP shows it has a Labor Force Participation of 71.1% which is more than all other places in the greater Peak Place CDP region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Peak Place CDP has the smallest proportion of unemployed at 28.9% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Peak Place CDP depicts full time employees approximately 4.2 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 Peak Place CDP area. Peak Place CDP depicts it has a Single Earner Families of 34.1% which is the third most families with a single earner of all other places in the greater Peak Place CDP region. The place with the highest families with a single earner in the area is Rio en Medio CDP which depicts a single earners rate of 85.7% (approximately 2.5 times bigger). The percentage of families with no one working is depicted in Figure 22. Peak Place CDP shows it has a Families with No One Working of 18.2% which is in the mid point range of other places in the area. The place with the highest families with no one working in the area is Chupadero CDP which shows a families with no worker of 34.1% (about twice as large).

Peak Place CDP New Mexico Poverty Charts

The next section details economy analysis about poverty for residents of the Peak Place 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. Peak Place CDP indicates it has a Total In Poverty of 87 which is the second most total people earning less than the poverty level of all the places in the greater Peak Place CDP region. The place with the highest total people earning less than the poverty level in the area is Tesuque CDP which depicts a total people earning less than the poverty level of 109 (25.3% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Peak Place CDP depicts it has a Percent of Population In Poverty of 21.4% which is the second most percent of people earning less than the poverty level of all the places in the greater Peak Place CDP region. The place with the highest percent of people earning less than the poverty level in the area is Tesuque Pueblo CDP which depicts a percent of people in poverty of 27.4% (27.8% larger).

In Figure 25 people who are in poverty are broken out by age group. Peak Place CDP has one of the largest proportions of person in poverty under 12 years at 8% of the total and is ranked #2. The only larger place being Tesuque Pueblo CDP with 8%. Second, it has the second smallest in order of person in poverty under 12 years of all the other places in the metro area when ranked by person in poverty 35 to 54 years at 14% of the total. Third, it has less than most other places in the local area as measured by person in poverty 55 to 64 years at 2% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Peak Place CDP has one of the largest proportions of married with children and in poverty at 32% of the total and is ranked #3. Only #2 Tesuque CDP (40%), and #1 Tesuque Pueblo CDP (43%) are larger. Second, it has one of the largest proportions of unmarried with children and in poverty at 37% of the total and is ranked #2. The only larger place being Tesuque Pueblo CDP with 40%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Peak Place CDP has the largest proportion of has some college and in poverty at 25% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Peak Place CDP has the percentage of people who are in poverty and unemployed less than most other places in the local area at 20.7% of the total. 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.) Peak Place CDP depicts it has a Public Assistance Percent of 28.3% which is at the top of all other places in the greater region.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Peak Place CDP shows it has a Gini Index of 42.2% which is in the mid point range of other places in the local area.

Peak Place 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 Peak Place CDP or elsewhere.) Peak Place CDP has one of the largest proportions of people who drove alone at 91% of the total and is ranked #2. The only larger place being Rio en Medio CDP with 100%. Second, it has the second smallest when sorted by people who drove alone of all the other places in the metropolitan area when sorted by people who work from home at 2% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Peak Place CDP has the percentage of people with commute time of less than 5 minutesutes in the middle range of other places in the metro area at 6% of the total. Second, it has in the middle range of other places in the metro area when sorted by people with commute time between 5 to 9 minutes at 4% of the total.

The average commute time is shown in Figure 37. Peak Place CDP shows it has a Avg Commute Time of 27 which is in the mid range of other places in the area. Figure 38 shows the difference between male versus female commuting time. Peak Place CDP shows average commute time in minutes for men only about 4.5% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Peak Place CDP has the percentage of no vehicle available the second smallest as measured by no vehicle available of all the other places in the metro area at 12% of the total. Second, it has in the middle range of other places in the surrounding region when sorted by 1 vehicle available at 41% of the total. Third, it has less than most other places in the local area in terms of 2 vehicles available at 29% of the total. Also, it has one of the largest proportions of 3 vehicles available at 12% of the total and is ranked #2. The only larger place being Cuyamungue CDP with 15%. In addition, it has one of the largest proportions of 4 vehicles available at 4% of the total and is ranked #3. Only #2 Cuyamungue CDP (8%), and #1 Tesuque CDP (8%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Peak Place CDP depicts it has a Work in city or place where live of 2% which is the second smallest when ranked by people who both work and live in the same city of all the other places in the local area. The place with the highest people who both work and live in the same city in the area is Tesuque CDP which depicts a people who both work and live in the same city of 39% ( substantially bigger). Comparing people who both work and live in the same city to the United States average of 42%, Peak Place CDP is only about 3.9% the size. Also, in contrast to the state of New Mexico, people who both work and live in the same city of 62%, Peak Place CDP is only about 2.6% the size.

Peak Place 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. Peak Place CDP shows it has the hightest median earnings of $48,333 for the earnings-protective service occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Peak Place CDP shows it has the hightest median earnings of $26,875 for the earnings-sales and office occupations aggregate. The table in Figure 48, shows Peak Place CDP employment data in terms of job categories and salary data.

Peak Place 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. Peak Place CDP shows it has the hightest entrepreneurs of 100% for the self employed in service businesses grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Peak Place CDP shows it has a Self Employment Income of $18,833 which is less than most other places in the metropolitan area. The place with the highest average annual self employment income in the area is Chupadero CDP which depicts an average annual self employment income of $54,935 (approximately 2.9 times bigger). Comparing average annual self employment income to the United States average of $39,154, Peak Place CDP is approximately half the size. Also, in comparison with the state of New Mexico, average annual self employment income of $31,664, Peak Place 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.) Peak Place CDP indicates total number of self-employed men approximately a third the size as the total number of self-employed women.