State economy
New Mexico economy
New Mexico's unemployment rate was 4.7% in September 2026, unchanged from the month before and 4.2% a year earlier. That ranks 44 of 51 (1 = lowest); the national rate was 4.1%. Employers had 0.90 million jobs on their payrolls in September 2026, a gain of 11,900 (+1.3%) from a year earlier. Home prices (FHFA index) were +2.1% from a year earlier in Q2 2026. Median household income was $67,620 in 2025.
4.7%
unemployment rate
September 2026Unemployment rate4.7%Rank 44 of 51 (1 = lowest)
10-year range3.4–9.3%Low Aug 2022 · high May 2020
Nonfarm jobs0.90M+1.3% in a year · rank 5
Home prices (FHFA)+2.1%1-year change · Q2 2026 · 5-yr +43%
Median household income$67,6202025 · rank 48 of 51
New Mexico: unemployment rate
New Mexico: jobs, change from a year earlier
New Mexico: home prices, change from a year earlier
New Mexico: median household income
Other states
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Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).