FIPS 35031, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 35.58, -108.26.
Assembled 2026-10-02. Read the brief.
- 45th pct · 1,683rd of 3,063 US counties · median $234,566
- 10th pct · 2,730th of 3,063 US counties · median +2.9%
- US counties: not published this period
- 70th pct · 953rd of 3,221 US counties · median 8,232
- 30th pct · 2,228th of 3,221 US counties · median $1,039
- 53rd pct · 1,414th of 3,063 US counties · median 4.3
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 $222,008 (Aug 2026), -1.8% over one year, +6.6% over five
- 45th pct · 1,683rd of 3,063 US counties · median $234,566
| Item | Value | Distance |
|---|---|---|
| McKinley County | $222,008 · -1.8% 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
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 $1,215 a month on $222,008 at 7.28%, against an average weekly wage worth $4,143 a month: 29.3% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $222,008 × 80% = $177,606, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,215/mo principal and interest
- wage share = payment / (avg weekly wage $956 × 52 / 12 = $4,143) = 29% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $222,008 / ($956 × 52) = 4.5
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 #
19,280 jobs at 1,204 employers (2026 Q1); -1.5% jobs and +3.6% average weekly wage over the year
- 70th pct · 953rd of 3,221 US counties · median 8,232
| Item | Value | Distance |
|---|---|---|
| McKinley County | 19,280 jobs · $956/wk · -1.5% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 3,129 | $643 | 1.67 | -0.1% |
| Health care and social assistance | 3,106 | $697 | 1.07 | -1.5% |
| Construction | 700 | $961 | 0.69 | -2.6% |
| Administrative and waste services | 436 | $1,041 | 0.40 | +14.1% |
| Wholesale trade | 435 | $818 | 0.59 | +2.6% |
| Other services | 416 | $692 | 0.72 | -4.8% |
| Manufacturing | 353 | $1,209 | 0.23 | -4.1% |
| Educational services | 342 | $977 | 0.82 | +8.9% |
| Transportation and warehousing | 320 | $1,357 | 0.39 | +9.2% |
| Finance and insurance | 308 | $917 | 0.39 | +1.3% |
| Real estate and rental | 176 | $777 | 0.60 | +12.1% |
| Professional and technical services | 176 | $1,172 | 0.13 | +6.7% |
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.
Water #
Banks & federal dollars #
$859.7 m in deposits at 6 offices of 5 banks (SOD June 2026); HHI 4,389, highly concentrated. $566.6 m federal obligations in FY2026 (direct payments $334.8 m, grants $121.1 m), $29,389 per covered job
| Item | Value | Distance |
|---|---|---|
| Bank of Colorado | $536.1 m · 62.4% share · 2 offices | |
| U.S. Bank National Association | $137.0 m · 15.9% share · 1 office | |
| Wells Fargo Bank, National Association | $115.2 m · 13.4% share · 1 office | |
| McKinley, NM | $566.6 m FY2026 · $29,389/job | |
| MULTIPLE RECIPIENTS | $291.0 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Bank of Colorado | $536,126,000 | 62.4% | 2 |
| U.S. Bank National Association | $137,011,000 | 15.9% | 1 |
| Wells Fargo Bank, National Association | $115,193,000 | 13.4% | 1 |
| WaFd Bank | $70,029,000 | 8.1% | 1 |
| First National Bank Texas | $1,361,000 | 0.2% | 1 |
Deposit concentration is 4,389 across 5 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 5 banks with deposits in the county = 62.4² + 15.9² + 13.4² + … (2 more) = 4,389
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 | $247,582,384 |
| Department of Health and Human Services | $96,955,548 |
| Department of Education | $67,097,638 |
| Department of Transportation | $39,213,035 |
| Department of the Interior | $39,010,071 |
| Department of Veterans Affairs | $34,025,667 |
| Department of Housing and Urban Development | $12,058,048 |
| Department of Defense | $11,579,931 |
| Railroad Retirement Board | $7,780,279 |
| Federal Communications Commission | $4,336,458 |
| National Science Foundation | $4,143,750 |
| Department of Agriculture | $4,103,970 |
That is $29,389 per covered job, against 19,280 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $566.6 m / 19,280 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $29,389
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 | 16.50 | 2026-09-30 | -11.7% |
| 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 · % | 67.28 | 2026-10-01 | not published |
| 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 | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| 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 · % | 4.10 | 2026-08-01 | +0.0% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| 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 #
FIPS 35031, NM: 6 findings, 2 at a watch level and 4 noted
watchFIPS 35031, NM's typical home value is -1.8% 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 = -1.8388391995505788 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
watchFIPS 35031, NM's covered employment is -1.5% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; 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 Q1.Show the arithmetic
- test: jobs.yoy.emp = -1.5 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteFIPS 35031, NM's average weekly wage was 3.6% 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
- +3.6 % = 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
noteFIPS 35031, NM's covered employment was 1.5% lower 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
- -1.5 % = 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
noteThe next Unemployment rate (BLS Employment Situation, monthly) covering FIPS 35031, NM is due between 2026-09-25 and 2026-10-09, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-09-25 to 2026-10-09, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
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.