Income & Economy in Lake Valley, NM
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$80,739
+10% vs national
Per Capita Income
$29,528
-21% vs national
Poverty Rate
9.2%
-32% vs national
Gini Index
0.1768
0 = perfect equality
Unemployment
15.4%
+196% vs national
SNAP Recipients
11.4%
of households
How Lake Valley Compares
Source: Census ACS (2023)Lake Valley vs Similar Cities
Source: Census ACS (2023)Compared to cities with under 10,000 residents. Lake Valley is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Lake Valley. The median household income here is $80,739.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
15.4%
+140% vs NM avg
Labor Force
39
Employed
33
Mean Commute
45 min
Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
59.8%
of adults 25+
High School Diploma+
74.7%
of adults 25+
Median Age
58.3
Work from Home
0.0%
of workers
The median household income in Lake Valley, NM is $80,739, which is 10.3% above the national average of $73,224. Per capita income is $29,528. The poverty rate of 9.2% is lower than the NM state average of 20.1%. The Gini index of income inequality is 0.1768, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 15.4%, compared to the state average of 6.4%. 59.8% of adults hold a bachelor's degree or higher. The average commute time is 45 minutes, with 0.0% working from home.