Torrance County NM Information

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Torrance County Subdivisions

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  1. Torrance County 2019 Demographic Data
  2. Growth Rates forTorrance County (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Mexico Research Tools (Easy Tools & Current Data)
  3. New Mexico Data Comparison Tool - 2019 Demographics

Torrance County NM Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Torrance County NM Housing Affordability Index is 143
State of New Mexico Housing Affordability Index is 127
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Torrance County NM Wealth Index is 52
State of New Mexico Wealth Index is 71
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

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POPULATION

Total Population 16,468
Population in Households 15,853
Population in Familes 12,741
Population in Group Qrtrs 615
Population Density 5
Diversity Index1 74
 

INCOME

Median Household Income $37,440
Average Household Income $53,062
Per Capita Income $20,351
Wealth Index3 52

HOUSING

Total Housing Units 7,904 (100%)
Owner Occupied HU 4,820 (61.0%)
Renter Occupied HU 1,454 (18.4%)
Vacant Housing Units 1,630 (20.6%)
Median Home Value $133,065
Housing Affordability Index2 143
 

HOUSEHOLDS

Total Households 6,274
Average Household Size 2.53
Family Households 4,082
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.06% -0.32%
Households 0.02% -0.36%
Families -0.29% -0.62%
Median Household Income   1.24%
Per Capita Income   1.99%

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Torrance County NM - Peer Comparisons by Rank and Percentile

The table below compares Torrance County to the other 33 counties and county equivalents in New Mexico by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 23 33rd
Population Density # 21 39th
Diversity Index # 12 67th
Median Household Income # 16 55th
Per Capita Income # 23 33rd

Additional comparisons and rankings can be made with a VERY EASY TO USE New Mexico Census Data Comparison Tool.

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