Colfax County, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.61, -104.64.
Assembled 2026-10-06. Read the brief.
- 52nd pct · 1,451st of 3,063 US counties · median $234,566
- 58th pct · 13th of 30 New Mexico counties · median $223,584
- 6th pct · 2,854th of 3,063 US counties · median +2.9%
- 13th pct · 26th of 30 New Mexico counties · median +1.3%
- US counties: not published this period
- New Mexico counties: not published this period
- 32nd pct · 2,180th of 3,221 US counties · median 8,232
- 31st pct · 23rd of 33 New Mexico counties · median 8,227
- 15th pct · 2,710th of 3,221 US counties · median $1,039
- 26th pct · 24th of 33 New Mexico counties · median $968
- 69th pct · 944th of 3,063 US counties · median 4.3
- 68th pct · 10th 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 $242,599 (Aug 2026), -3.3% over one year, +10.5% over five
- 52nd pct · 1,451st of 3,063 US counties · median $234,566
- 58th pct · 13th of 30 New Mexico counties · median $223,584
| Item | Value | Distance |
|---|---|---|
| Colfax County, NM | $242,599 · -3.3% 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 $1,328 a month on $242,599 at 7.28%, against an average weekly wage worth $3,813 a month: 34.8% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $242,599 × 80% = $194,079, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,328/mo principal and interest
- wage share = payment / (avg weekly wage $880 × 52 / 12 = $3,813) = 35% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $242,599 / ($880 × 52) = 5.3
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 #
4,105 jobs at 528 employers (2026 Q1); +0.3% jobs and +3.4% average weekly wage over the year
- 32nd pct · 2,180th of 3,221 US counties · median 8,232
- 31st pct · 23rd of 33 New Mexico counties · median 8,227
| Item | Value | Distance |
|---|---|---|
| Colfax County, NM | 4,105 jobs · $880/wk · +0.3% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Accommodation and food services | 1,162 | $653 | 3.15 | +4.1% |
| Retail trade | 526 | $636 | 1.31 | -1.1% |
| Construction | 126 | $928 | 0.59 | +0.0% |
| Manufacturing | 120 | $985 | 0.36 | -4.8% |
| Professional and technical services | 112 | $1,133 | 0.40 | +9.8% |
| Other services | 92 | $830 | 0.75 | +0.0% |
| Finance and insurance | 74 | $1,083 | 0.44 | +2.8% |
| Wholesale trade | 71 | $843 | 0.45 | +2.9% |
| Real estate and rental | 42 | $858 | 0.67 | -8.7% |
| Transportation and warehousing | 39 | $1,016 | 0.23 | -36.1% |
| Utilities | 29 | $1,646 | 1.79 | -9.4% |
| Arts, entertainment and recreation | 15 | $220 | 0.22 | +0.0% |
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 #
D3 extreme 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 #
6 USGS reservoir gauges, no capacity figures to weight
Sites found: 6, 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.
| Site | Reading | Distance |
|---|---|---|
| LAKE MALOYA NR RATON NM | 3,482 Acre-ft (USGS, no capacity on file) | 48 km |
| EAGLE NEST LAKE NR EAGLE NEST, NM | 20,970 Acre-ft (USGS, no capacity on file) | 53 km |
| TRINIDAD LAKE NEAR TRINIDAD, CO. | 20,180 Acre-ft (USGS, no capacity on file) | 59 km |
| COSTILLA RESERVOIR NEAR COSTILLA, NM | 1,045 Acre-ft (USGS, no capacity on file) | 64 km |
| NAMBE FALLS RESERVOIR NEAR NAMBE, NM | 1,653 Acre-ft (USGS, no capacity on file) | 142 km |
| MCCLURE RESERVOIR NEAR SANTA FE N MEX | 1,242 Acre-ft (USGS, no capacity on file) | 149 km |
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 #
21 gauges · 0 flooding · 0 with quality panels · 8 stale
Sites found: 21, 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.
| Site | Reading | Distance |
|---|---|---|
| VERMEJO DITCH NEAR COLFAX, NM | flow 8.00 ft³/s · STALE | 6 km |
| EAGLE TAIL DITCH NR MAXWELL, NM | flow 2.21 ft³/s | 8 km |
| VERMEJO RIVER NEAR MAXWELL, NM | flow 5.00 ft³/s · STALE | 14 km |
| VERMEJO RIVER NEAR DAWSON, NM | flow 1.64 ft³/s · no flooding | 15 km |
| CIMARRON RIVER AT SPRINGER, NM | flow 0.01 ft³/s · out of service · STALE | 28 km |
| CIMARRON RIVER NEAR CIMARRON, NM | flow 16.2 ft³/s · no flooding | 32 km |
| CANADIAN RIVER NEAR TAYLOR SPRINGS, NM | flow 6.83 ft³/s · no flooding | 37 km |
| RAYADO CREEK NEAR CIMARRON, NM | flow 12.1 ft³/s | 40 km |
| CIMARRON RIVER BELOW EAGLE NEST DAM, NM | flow 1.34 ft³/s | 53 km |
| LONG CANYON CREEK NEAR MADRID, CO. | flow 0.67 ft³/s · STALE | 56 km |
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 #
1 wells in 0 named aquifers:
Sites found: 1, 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.
| Site | Reading | Distance |
|---|---|---|
| USGS-364228105264301 | depth 102.0 ft · 2026-10-06 | 73 km |
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 (0.75)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.75 / 0.35
Banks & federal dollars #
$452.8 m in deposits at 7 offices of 3 banks (SOD June 2026); HHI 5,393, highly concentrated. $111.1 m federal obligations in FY2026 (direct payments $94.3 m, grants $15.7 m), $27,077 per covered job
| Item | Value | Distance |
|---|---|---|
| InBank | $318.6 m · 70.4% share · 4 offices | |
| UMB Bank, National Association | $70.4 m · 15.5% share · 2 offices | |
| Wells Fargo Bank, National Association | $63.8 m · 14.1% share · 1 office | |
| Colfax, NM | $111.1 m FY2026 · $27,077/job | |
| MULTIPLE RECIPIENTS | $93.1 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| InBank | $318,647,000 | 70.4% | 4 |
| UMB Bank, National Association | $70,373,000 | 15.5% | 2 |
| Wells Fargo Bank, National Association | $63,764,000 | 14.1% | 1 |
Deposit concentration is 5,393 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 = 70.4² + 15.5² + 14.1² = 5,393
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 | $80,080,015 |
| Department of Transportation | $14,023,615 |
| Department of Veterans Affairs | $10,662,614 |
| Department of Agriculture | $3,034,021 |
| Railroad Retirement Board | $2,384,296 |
| Department of Homeland Security | $338,916 |
| Department of Housing and Urban Development | $332,896 |
| Federal Communications Commission | $234,881 |
| Department of Education | $71,718 |
| Department of Defense | $945 |
| Environmental Protection Agency | $0 |
| Small Business Administration | $0 |
That is $27,077 per covered job, against 4,105 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $111.1 m / 4,105 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $27,077
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 | 12.69 | 2026-10-05 | +3.3% |
| 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 · % | 72.60 | 2026-10-06 | +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 | 3.00 | 2026-10-06 | -50.0% |
| 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 | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| 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 | 646,347.00 | 2026-08-01 | +1.1% |
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 #
Colfax County, NM: 6 findings, 1 at a watch level and 5 noted
watchColfax County, NM's typical home value is -3.3% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.yoyPct = -3.321437014922194 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteColfax County, NM's average weekly wage was 3.4% 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
- +3.4 % = 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
noteColfax County, NM's typical home value fell 0.7% from $244,407 in July 2026 to $242,599 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- -0.7% = (242598.95206330685 - 244406.8447270105) / 244406.8447270105 × 100
- 242598.95206330685 = Zillow ZHVI, 2026-08
- 244406.8447270105 = Zillow ZHVI, 2026-07
noteColfax County, NM's covered employment was 0.3% 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
- +0.3 % = 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
noteColfax County, NM's typical home value of -3.3% ranks 2,854th of 3,063 US counties, against a median of +2.9%.
Period 2026-08.Show the arithmetic
- 7 on the 0-to-100 scale across 3063 US counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
Read all 6 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.