Sandoval County Income Charts

This section shows the Sandoval County 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, Sandoval County depicts it has a Median earnings of $44,235 which is the third most median earnings of all other counties in the greater Sandoval County region. The county with the highest median earnings per worker in the area is Los Alamos County which depicts a median earnings of $100,158 (approximately 2.3 times bigger). Comparing median earnings per worker to the United States average of $49,041, Sandoval County is about 10.9% smaller. Also, compared to the state of New Mexico, median earnings per worker of $41,480, Sandoval County is 6.6% larger.

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 $63,802 which is the second most median income of all the counties in the greater Sandoval County region. The county with the highest median household income in the area is Los Alamos County which depicts a median income of $121,324 (about twice as large). Comparing median household income to the United States average of $62,843, Sandoval County is only slightly larger. Also, versus the state of New Mexico, median household income of $49,754, Sandoval County is 28.2% larger.

The next section examines a variety of different income statistics for the Sandoval County 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 counties in the local area at 7.1% 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 38.2 which is the third most average hours of all other counties in the greater Sandoval County region. The county with the highest average hours in the area is Rio Arriba County which shows an average hours of 39.4 (only about 3.1% 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 $22.27 which is the third most average hourly earnings of all other counties in the greater Sandoval County region. The county with the highest average hourly earnings in the area is Los Alamos County which depicts an average hourly earnings of $49.51 (approximately 2.2 times bigger). Comparing average hourly earnings to the United States average of $24.31, Sandoval County is about 9.2% smaller. Also, measured against the state of New Mexico, average hourly earnings of $20.83, Sandoval County is 6.9% larger.

Figure 7 examines the number of self employed people in the Sandoval County metro area based on the number of people who reported any self employment income. Sandoval County shows it has a Self Employed of 10.5% which is the second most people self employed of all the counties in the greater Sandoval County region. The county with the highest percentage of people self employed in the area is Santa Fe County which shows a percentage self employed of 16.1% (53.7% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $65,194 of the total and is ranked #2. The only larger county being Los Alamos County with $118,536. Second, it has one of the largest proportions of median income-25 to 44 years at $74,897 of the total and is ranked #2. The only larger county being Los Alamos County with $143,859. Third, it has one of the largest proportions of median income-45 to 64 years at $51,958 of the total and is ranked #3. Only #2 Santa Fe County ($62,000), and #1 Los Alamos County ($108,371) are larger.

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 24.1% which is in the middle range of other counties in the greater region. The county with the highest households with retirement income in the area is Los Alamos County which depicts a households with retirement income of 26.8% (11.3% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $79,407 of the total and is ranked #2. The only larger county being Los Alamos County with $150,352. Second, it has one of the largest proportions of white family income at $59,712 of the total and is ranked #2. The only larger county being Santa Fe County with $86,591. Third, it has less than most other counties in the greater region when sorted by black family income at $40,838 of the total. Also, it has less than most other counties in the local area when ranked by american indian family income at $77,101 of the total. In addition, it has one of the largest proportions of hawaiian family income at $67,871 of the total and is ranked #2. The only larger county being Los Alamos County with $126,667.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sandoval County depicts it has the hightest cost of 101.8 for the cost of miscellaneous items group.

Sandoval County 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 depicts that from February 2010 to before the disasterous Covid-19 virus Pandemic the monthly unemployment rate went from 8.2% to 4.8% in February 2020. This represents a decrease in the monthly unemployment rate of 41.5%. Since that time, the monthly unemployment rate has gone to 7.5% This represents an increase in the monthly unemployment rate of 56.2%. 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 Covid-19 virus Pandemic the monthly labor force participation went from 60,411 to 66,572 in February 2020. This represents an increase in the monthly labor force participation of 10.2%. Since that time, the monthly labor force participation has gone to 66,030 This represents a decrease in the monthly labor force participation of very little.

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 Sandoval County depicts it has a Unemployment Rate of 4.1% which is the second most unemployment rate of all the counties in the greater Sandoval County region. The county with the highest unemployment rate in the area is McKinley County which depicts a rate of 7.2% (73.7% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Sandoval County shows it has a Labor Force Participation of 59.7% which is the third most participation rates of all other counties in the greater Sandoval County region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Sandoval County shows full time employees approximately 3.5 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 Sandoval County area. Sandoval County shows it has a Single Earner Families of 31.1% which is in the mid range of other counties in the area. The county with the highest families with a single earner in the area is Valencia County which shows a single earners rate of 36.4% (16.8% larger). The percentage of families with no one working is depicted in Figure 22. Sandoval County depicts it has a Families with No One Working of 21.0% which is less than most other counties in the metro area. The county with the highest families with no one working in the area is Rio Arriba County which depicts a families with no worker of 32.1% (52.7% larger).

Sandoval County Poverty Charts

The next section details economy analysis about poverty for residents of the Sandoval County 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. Sandoval County shows it has a Total In Poverty of 18,049 which is in the mid range of other counties in the surrounding region. The county with the highest total people earning less than the poverty level in the area is Bernalillo County which shows a total people earning less than the poverty level of 111,693 ( quite a bit bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sandoval County shows it has a Percent of Population In Poverty of 12.7% which is the second smallest as measured by percent of people earning less than the poverty level of all the other counties in the surrounding region. The county with the highest percent of people earning less than the poverty level in the area is McKinley County which depicts a percent of people in poverty of 34.8% (approximately 2.7 times bigger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Sandoval County has the percentage of white poverty rate the second smallest when ranked by white poverty rate of all the other counties in the area at 10% of the total. Second, it has one of the largest proportions of black poverty rate at 32% of the total and is ranked #2. The only larger county being McKinley County with 39%. Third, it has in the center range of other counties in the greater region in order of american indian poverty rate at 4% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Sandoval County has the percentage of unmarried female with children and in poverty the second smallest in order of married with children and in poverty of all the other counties in the local area at 13% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Sandoval County has the percentage of highschool graduate and in poverty the second smallest as measured by less than highschool in poverty of all the other counties in the metro area at 8% 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.) Sandoval County shows it has a Public Assistance Percent of 12.3% which is less than most other counties in the greater region. The county with the highest households with public assistance in the area is McKinley County which shows a households with public assistance of 27.7% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Sandoval County depicts it has a Gini Index of 42.1% which is the second smallest as measured by the gini index of all the other counties in the local area.

Sandoval County Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Sandoval County or elsewhere.) Sandoval County has the largest proportion of people who carpooled at 13% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Sandoval County has the smallest proportion of people who leave for work between 7am to 730am at 10% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Sandoval County has the smallest proportion of people with commute time of less than 5 minutesutes at 9% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the second smallest when sorted by people with commute time of less than 5 minutes of all the other counties in the metro area as measured by people with commute time between 10 to 14 minutes at 12% of the total. Also, it has the largest proportion of people with commute time between 20 to 24 minutes at 8% of the total and is ranked #1.

The average commute time is shown in Figure 37. Sandoval County depicts it has a Avg Commute Time of 28 which is the third most average commute time of all other counties in the greater Sandoval County region. Figure 38 shows the difference between male versus female commuting time. Sandoval County depicts average commute time in minutes for men 23.1% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Sandoval County has the percentage of no vehicle available less than most other counties in the local area at 15% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Sandoval County shows it has a Work in city or place where live of 34% which is in the intermediate range of other counties in the local area. The county with the highest people who both work and live in the same city in the area is Bernalillo County which indicates a people who both work and live in the same city of 76% (approximately 2.2 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Sandoval County is about 21.9% smaller. Also, benchmarked against the state of New Mexico, people who both work and live in the same city of 62%, Sandoval County is approximately half the size.

Sandoval County 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. Sandoval County depicts it has the hightest median earnings of $85,714 for the earnings-computer, engineering, and science occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Sandoval County depicts it has the hightest median earnings of $65,000 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Sandoval County employment data in terms of job categories and salary data.

Sandoval County 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. Sandoval County depicts it has the hightest entrepreneurs of 44% for the self employed management, business, science, and arts businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Sandoval County shows it has the hightest entrepreneurs of 22% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Sandoval County depicts it has a Self Employment Income of $32,139 which is in the center range of other counties in the local area. The county with the highest average annual self employment income in the area is Los Alamos County which depicts an average annual self employment income of $53,061 (65.1% larger). Comparing average annual self employment income to the United States average of $39,154, Sandoval County is about 21.8% smaller. Also, benchmarked against the state of New Mexico, average annual self employment income of $31,664, Sandoval County is only slightly larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Sandoval County shows total number of self-employed men 54.6% larger as the total number of self-employed women.