Assets
Asset poverty rate: 27.90%
Average college graduate debt: $20,497
Unbanked households: 11.40%
Economic well-being
Extreme poverty rate: 11%
Food insecurity: 14.20%
Minimum wage: $10.50
Number of Black or African American children living in families where no parent has full-time, year-round employment: N/A
Number of Hispanic or Latino children living in families where no parent has full-time, year-round employment: 92,000
Percent of individuals who are uninsured: 10%
Percent of jobs that are low-wage: 29.90%
Percent of working families under 200% of the poverty line: 37.70%
Poverty rate: 18.20%
Unemployment rate: 5%
Education
High school graduation rate: 73.90%
Percent of adult population with at least a high school degree: 85.60%
Percent of college graduates with debt: 48%
Percent of population over age 25 with at least a four year college degree: 27.70%
Percent of teens ages 16 to 19 not attending school and not working: 11%
Family
Children in foster care: 2,326
Number of households with grandparents responsible for grandchildren under age 18: 49,637
Percent of children in immigrant families: 19%
Percent of children living in single parent families: 44%
Teen birth rate per 1,000 population ages 15-19: 24.40%
Housing
Home foreclosure rate: 1.38%
People experiencing homelessness: 3,333
Households paying more than 50% of income on housing: 64,400
Percent renters: 32%
Total housing units: 940,859
Justice System
Incarcerated persons per 100,000 residents: 316
Number of youth residing in juvenile justice and correctional facilities: 270
Participation in federal programs
Adults and children receiving welfare (TANF): 27,904
Children receiving food stamps (SNAP): 190,000
EITC recipients: 199,000
Families receiving child care subsidies: 11,700
Households receiving federal rental assistance: 27,000
Households receiving LIHEAP (Low Income Home Energy Assistance Program): 67,914
Number of children enrolled in Medicaid and CHIP: 361,697
Number of women and children receiving WIC (Women, Infants and Children supplemental nutrition program): 40,415
Participants in all Head Start programs: 9,507
Poverty by demographic
Child poverty rate: 25%
Number of Asian and Pacific Islander children below 200% poverty: N/A
Number of Black or African American children below 200% poverty: N/A
Number of Hispanic or Latino children below 200% poverty: 155,000
Percent of single-parent families with related children that are below poverty: 33%
Senior poverty rate: 13.50%
Women in poverty: 20.10%

State governments play a significant role in developing policies that help support low-income families. Below is a list of some key New Mexico policies and a link to an organization that tracks the issue.

Tax & Asset-Building Policy

Family and Work Supports