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#47

New Mexico

β€œThe Land of Enchantment”

Admitted: January 6, 1912
Capital: Santa Fe
2.1M people
$117.8B GDP

What Makes New Mexico Beautiful

New Mexico truly is the Land of Enchantment, where white gypsum dunes ripple like frozen waves, Carlsbad Caverns plunge into subterranean cathedrals, and the Rio Grande Gorge slashes through the high desert. Ancient pueblos cling to mesa tops, and the light at sunset transforms adobe villages into paintings of gold and rose.

White SandsCarlsbad CavernsRio Grande GorgeBandelier National MonumentTent Rocks

Key Metrics

2.1M

Population

$117.8B

GDP

+5.2%

GDP Growth (5yr)

$54.0K

Median Income

8.5%

Tax Burden

History

1610

Santa Fe founded, making it the oldest state capital in the US

1848

Treaty of Guadalupe Hidalgo transfers New Mexico to the United States

1912

Admitted as the 47th state

1945

First atomic bomb tested at Trinity Site in the Jornada del Muerto

1947

Roswell Incident captures the public imagination

Top Cities

#1

Albuquerque

564K

Largest city; Balloon Fiesta; Route 66 heritage

#2

Las Cruces

111K

Southern NM hub; New Mexico State University

#3

Rio Rancho

104K

Intel semiconductor plant; Albuquerque suburb

#4

Santa Fe

88K

State capital; oldest capital city; arts mecca

#5

Roswell

48K

Famous for alleged 1947 UFO incident

Economy & Industry

Core Industries

Oil & GasNational LaboratoriesTourismAerospaceAgricultureFilm Production

Natural Resources

PetroleumPotashCopperUranium

Energy Portfolio

Natural Gas
45%
Nuclear
5%
Coal
8%
Wind
22%
Solar
15%
Other Renew.
5%

Budget & Fiscal Health

$25.2B

State Budget

$24.8B

State Revenue

$-0.4B

Fiscal Balance

Social Indicators

17.6%

Poverty Rate

28.3%

College Degree

9.5%

Uninsured

780/100K

Crime Rate

Where is New Mexico Headed?

GDP Projections ($B)

Scenario1yr5yr10yr25yr50yr
Optimistic$119B$126B$135B$165B$231B
Baseline$119B$124B$131B$153B$198B
Pessimistic$119B$122B$125B$138B$161B

Political Landscape

D
R

D+5

Data timestamp: 2025-Q1 Β· Sources: U.S. Census Bureau, BEA, EIA, FBI UCR