The poverty rate in Carlsbad, New Mexico, is 13.24%.
Carlsbad, situated in Eddy County, New Mexico, exhibits a specific economic profile, and understanding its poverty rate requires considering various demographic and economic indicators that contribute to the financial well-being of its residents.
Key Economic and Demographic Insights for Carlsbad
While the poverty rate stands at 13.24%, it's insightful to view this figure in conjunction with other economic data points. The average household income, for example, offers a broader perspective on the overall financial landscape of the community.
Here's a concise overview of key demographic and economic data for Carlsbad:
| Metric | Value |
|---|---|
| Poverty Rate | 13.24% |
| Average Household Income | $95,049 |
| Median Age (Overall) | 35 years |
| Median Age (Males) | 35 years |
| Median Age (Females) | 35 years |
This data provides a snapshot of the economic and demographic environment in Carlsbad. A median age of 35 years suggests a relatively young adult population, which can significantly influence workforce participation, consumer spending, and household formation within the city.
Factors Influencing Community Economic Well-being
Several dynamics can impact the economic health and poverty levels within any given community. For Carlsbad, these factors might include:
- Dominant Industries: The local economic base, often driven by sectors like energy (e.g., oil and gas) or tourism (given its proximity to natural attractions like Carlsbad Caverns National Park), directly influences employment opportunities and wage levels for residents.
- Cost of Living: The local cost of living, encompassing expenses such as housing, utilities, food, and transportation, plays a critical role in determining the purchasing power of household incomes and the financial burden on residents.
- Educational Attainment: Higher levels of education within the population are frequently correlated with increased earning potential and, consequently, lower poverty rates.
- Access to Resources: The availability and accessibility of social services, healthcare facilities, and robust infrastructure can also significantly contribute to the economic stability and resilience of community members.
For comprehensive demographic data and further insights into various cities, including Carlsbad, reputable sources like World Population Review provide detailed statistics and analyses.
