Torrance County, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 34.55, -105.89.
Assembled 2026-10-06. Read the brief.
- 46th pct · 1,650th of 3,063 US counties · median $234,566
- 51st pct · 15th of 30 New Mexico counties · median $223,584
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
- 88th pct · 341st of 3,063 US counties · median +2.9%
- 96th pct · 2nd of 30 New Mexico counties · median +1.3%
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
- US counties: not published this period
- New Mexico counties: not published this period
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
- 25th pct · 2,384th of 3,221 US counties · median 8,232
- 25th pct · 25th of 33 New Mexico counties · median 8,227
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
- 71st pct · 916th of 3,221 US counties · median $1,039
- 78th pct · 8th of 33 New Mexico counties · median $968
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
- 37th pct · 1,912th of 3,063 US counties · median 4.3
- 44th pct · 17th of 30 New Mexico counties · median 4.2
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
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 $225,160 (Aug 2026), +7.5% over one year, +6.4% over five
- 46th pct · 1,650th of 3,063 US counties · median $234,566
- 51st pct · 15th of 30 New Mexico counties · median $223,584
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Torrance County, NM | $225,160 · +7.5% 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
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
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 $1,232 a month on $225,160 at 7.28%, against an average weekly wage worth $5,031 a month: 24.5% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $225,160 × 80% = $180,128, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,232/mo principal and interest
- wage share = payment / (avg weekly wage $1,161 × 52 / 12 = $5,031) = 24% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $225,160 / ($1,161 × 52) = 3.7
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 #
3,188 jobs at 370 employers (2026 Q1); +1.4% jobs and +9.3% average weekly wage over the year
- 25th pct · 2,384th of 3,221 US counties · median 8,232
- 25th pct · 25th of 33 New Mexico counties · median 8,227
- counties in the Albuquerque metro: Rank context is unavailable: the manifest lists 4 counties in the Albuquerque metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Torrance County, NM | 3,188 jobs · $1,161/wk · +1.4% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 536 | $673 | 1.73 | +10.7% |
| Health care and social assistance | 307 | $724 | 0.64 | -3.2% |
| Administrative and waste services | 236 | $1,347 | 1.30 | +2.6% |
| Construction | 199 | $1,391 | 1.19 | -3.9% |
| Wholesale trade | 71 | $1,430 | 0.58 | -50.0% |
| Agriculture, forestry, fishing | 68 | $767 | 2.95 | +0.0% |
| Manufacturing | 66 | $728 | 0.26 | -34.0% |
| Information | 62 | $8,175 | 1.05 | +82.4% |
| Other services | 59 | $1,480 | 0.62 | -7.8% |
| Educational services | 5 | $1,021 | 0.07 | +66.7% |
| Utilities | withheld | |||
| Transportation and warehousing | withheld |
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 #
$201.1 m in deposits at 3 offices of 3 banks (SOD June 2026); HHI 4,081, highly concentrated. $127.3 m federal obligations in FY2026 (direct payments $101.7 m, contracts $14.3 m), $39,931 per covered job
| Item | Value | Distance |
|---|---|---|
| Wells Fargo Bank, National Association | $103.1 m · 51.3% share · 1 office | |
| U.S. Bank National Association | $72.2 m · 35.9% share · 1 office | |
| United Business Bank | $25.8 m · 12.8% share · 1 office | |
| Torrance, NM | $127.3 m FY2026 · $39,931/job | |
| MULTIPLE RECIPIENTS | $100.4 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Wells Fargo Bank, National Association | $103,096,000 | 51.3% | 1 |
| U.S. Bank National Association | $72,213,000 | 35.9% | 1 |
| United Business Bank | $25,837,000 | 12.8% | 1 |
Deposit concentration is 4,081 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 = 51.3² + 35.9² + 12.8² = 4,081
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 | $83,596,573 |
| Department of Veterans Affairs | $16,114,391 |
| Department of Homeland Security | $14,085,950 |
| Department of Transportation | $10,533,188 |
| Department of Agriculture | $1,063,688 |
| Environmental Protection Agency | $785,366 |
| Railroad Retirement Board | $711,505 |
| Federal Communications Commission | $243,506 |
| Department of the Interior | $165,320 |
That is $39,931 per covered job, against 3,188 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $127.3 m / 3,188 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $39,931
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 | 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 · % | 4.20 | 2026-09-01 | +2.4% |
| 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 #
Torrance County, NM: 7 findings, 7 noted
noteTorrance County, NM's average weekly wage was 9.3% 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
- +9.3 % = 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
noteTorrance County, NM's covered employment was 1.4% 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
- +1.4 % = 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
noteTorrance County, NM's typical home value fell 0.3% from $225,750 in July 2026 to $225,160 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- -0.3% = (225160.07819617237 - 225750.44684076644) / 225750.44684076644 × 100
- 225160.07819617237 = Zillow ZHVI, 2026-08
- 225750.44684076644 = Zillow ZHVI, 2026-07
noteTorrance County, NM's typical home value of +7.5% ranks 2nd of 30 New Mexico counties, against a median of +1.3%.
Period 2026-08.Show the arithmetic
- 97 on the 0-to-100 scale across 30 New Mexico counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
noteTorrance County, NM's momentum index of 0.72 ranks 161st of 3,221 US counties, against a median of 0.23.
Period 2026-08.Show the arithmetic
- 95 on the 0-to-100 scale across 3221 US 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 7 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.