San Miguel County, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 35.48, -104.80.
Assembled 2026-10-19. Read the brief.
- 55th pct · 1,358th of 3,063 US counties · median $230,451
- 62nd pct · 12th of 30 New Mexico counties · median $216,844
- 71st pct · 870th of 3,062 US counties · median +2.9%
- 86th pct · 5th of 30 New Mexico counties · median +1.6%
- US counties: not published this period
- New Mexico counties: not published this period
- 49th pct · 1,625th of 3,221 US counties · median 8,232
- 46th pct · 18th of 33 New Mexico counties · median 8,227
- 13th pct · 2,770th of 3,221 US counties · median $1,039
- 12th pct · 29th of 33 New Mexico counties · median $968
- 72nd pct · 835th of 3,063 US counties · median 4.2
- 79th pct · 7th of 30 New Mexico counties · median 4.2
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $246,341 (Sep 2026), +4.7% over one year, +9.5% over five
- 55th pct · 1,358th of 3,063 US counties · median $230,451
- 62nd pct · 12th of 30 New Mexico counties · median $216,844
| Item | Value | Distance |
|---|---|---|
| San Miguel County, NM | $246,341 · +4.7% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- New Mexico counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,364 a month on $246,341 at 7.40%, against an average weekly wage worth $3,757 a month: 36.3% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $246,341 × 80% = $197,073, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $1,364/mo principal and interest
- wage share = payment / (avg weekly wage $867 × 52 / 12 = $3,757) = 36% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $246,341 / ($867 × 52) = 5.5
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
8,083 jobs at 764 employers (2026 Q1); +5.0% jobs and +4.7% average weekly wage over the year
- 49th pct · 1,625th of 3,221 US counties · median 8,232
- 46th pct · 18th of 33 New Mexico counties · median 8,227
| Item | Value | Distance |
|---|---|---|
| San Miguel County, NM | 8,083 jobs · $867/wk · +5.0% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 2,205 | $621 | 1.81 | +0.0% |
| Retail trade | 870 | $630 | 1.10 | +1.5% |
| Construction | 294 | $1,071 | 0.69 | +12.2% |
| Transportation and warehousing | 151 | $876 | 0.44 | +4.9% |
| Educational services | 141 | $963 | 0.81 | +0.0% |
| Finance and insurance | 135 | $1,101 | 0.41 | -2.9% |
| Other services | 112 | $713 | 0.46 | +10.9% |
| Administrative and waste services | 101 | $1,407 | 0.22 | +6.3% |
| Professional and technical services | 95 | $1,161 | 0.17 | +0.0% |
| Wholesale trade | 65 | $1,367 | 0.21 | +441.7% |
| Real estate and rental | 60 | $826 | 0.48 | -7.7% |
| Manufacturing | 51 | $998 | 0.08 | -17.7% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D2 severe drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
high (0.50)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 / 0.35
Banks & federal dollars #
$632.9 m in deposits at 8 offices of 3 banks (SOD June 2026); HHI 3,350, highly concentrated. $202.4 m federal obligations in FY2026 (direct payments $181.9 m, grants $13.2 m), $25,037 per covered job
| Item | Value | Distance |
|---|---|---|
| Southwest Capital Bank | $229.4 m · 36.2% share · 4 offices | |
| Community 1st Bank Las Vegas | $210.1 m · 33.2% share · 3 offices | |
| Wells Fargo Bank, National Association | $193.4 m · 30.6% share · 1 office | |
| San Miguel, NM | $202.4 m FY2026 · $25,037/job | |
| MULTIPLE RECIPIENTS | $170.7 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Southwest Capital Bank | $229,420,000 | 36.2% | 4 |
| Community 1st Bank Las Vegas | $210,106,000 | 33.2% | 3 |
| Wells Fargo Bank, National Association | $193,378,000 | 30.6% | 1 |
Deposit concentration is 3,350 across 3 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 3 banks with deposits in the county = 36.2² + 33.2² + 30.6² = 3,350
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $145,103,683 |
| Department of Veterans Affairs | $26,269,602 |
| Department of Transportation | $8,051,515 |
| Department of Agriculture | $7,304,489 |
| Department of Education | $6,571,014 |
| Environmental Protection Agency | $3,000,000 |
| Department of Health and Human Services | $1,815,589 |
| Railroad Retirement Board | $1,477,030 |
| Department of Housing and Urban Development | $913,288 |
| Federal Communications Commission | $549,590 |
| Department of Defense | $499,375 |
| Department of Justice | $489,442 |
That is $25,037 per covered job, against 8,083 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $202.4 m / 8,083 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $25,037
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
San Miguel County, NM: 10 findings, 1 at a watch level and 9 noted
watchSan Miguel County, NM's typical home value is -1.5% against the previous month, a watch level here: typical home value at least 1 percent below the previous month (arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: home.momPct = -1.4676538687952183 <= -1
- month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level
noteSan Miguel County, NM's covered employment was 5.0% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +5 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteSan Miguel County, NM's average weekly wage was 4.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +4.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteSan Miguel County, NM's typical home value fell 1.5% from $250,010 in August 2026 to $246,341 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- -1.5% = (246341.02854444055 - 250010.31459904046) / 250010.31459904046 × 100
- 246341.02854444055 = Zillow ZHVI, 2026-09
- 250010.31459904046 = Zillow ZHVI, 2026-08
noteSan Miguel County, NM's momentum index of 0.75 ranks 2nd of 33 New Mexico counties, against a median of 0.20.
Period 2026-09.Show the arithmetic
- 97 on the 0-to-100 scale across 33 New Mexico counties that published momentum
- momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
position among the entities that published this metric this period; not an official level
Read all 10 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.