They are: film and digital media, smart city technologies, space technology, directed energy, and bioscience. For each of these sectors, Albuquerque already has the intellectual capital, R&D history, technological capacity, and workforce necessary to drive sustainable long-term growth and future investment.
What is the major industry in New Mexico?
Tourism, military, and the oil and gas industry are the major industries in New Mexico. They provide most of the jobs and account for a large amount of the government spending in the state.
What is Albuquerque NM known for?
Albuquerque, New Mexico, is known for its hot air balloon festival, unique geography, watermelon-colored mountains and an exotic river. It is also known as a cultural center of the American Southwest, with its unique architecture and many museums.
What is the biggest employer in New Mexico?
Federal Government
LARGEST EMPLOYERS IN NEW MEXICO
| Rank | Organization | Employees |
|---|---|---|
| 1 | Federal Government (see breakdown below) | 21766 |
| 2 | State of New Mexico (see breakdown below) | 18359 |
| 3 | Wal-Mart | 14022 |
| 4 | Sandia National Laboratories | 12206 |
What is the economy of Albuquerque?
– The Sales Tax Rate for Albuquerque is 7.5%. The US average is 7.3%.
Income and Salaries for Albuquerque.
| ECONOMY | Albuquerque, New Mexico | United States |
|---|---|---|
| Construction | 5.7% | 6.2% |
| Manufacturing | 5.1% | 10.4% |
| Wholesale trade | 2.4% | 2.7% |
| Retail trade | 11.3% | 11.6% |
What industries are big in Albuquerque?
They are: film and digital media, smart city technologies, space technology, directed energy, and bioscience. For each of these sectors, Albuquerque already has the intellectual capital, R&D history, technological capacity, and workforce necessary to drive sustainable long-term growth and future investment.
What is the number 1 industry in New Mexico?
Mining, gas and oil extraction, and quarrying are the largest contributors to the growth of real GDP in New Mexico. The federal government employs about 29,500 people, while the private sector employs about 650,000.
Is it expensive to live in Albuquerque?
Albuquerque’s housing expenses are 4% lower than the national average and the utility prices are 15% lower than the national average. Transportation expenses like bus fares and gas prices are 1% lower than the national average. Albuquerque has grocery prices that are 5% lower than the national average.
Is Albuquerque crime rate high?
With a crime rate of 63 per one thousand residents, Albuquerque has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 16.
What is considered the war zone in Albuquerque?
Crime Hotspots in Albuquerque
Most notably, the Albuquerque war zone is known to a crime hotspot. It is an area of the city running along both sides of Central Avenue, between the San Mateo and Wyoming boulevards.
What businesses are in Albuquerque?
Best Companies In Albuquerque, NM
| Rank | Company | Zippia Score |
|---|---|---|
| 1 | SunBridge Healthcare | 4.2 |
| 2 | Khi | 3.8 |
| 3 | SUMCO | 4.2 |
| 4 | The University of New Mexico | 4.3 |
What is the race population in Albuquerque New Mexico?
Albuquerque Demographics
White: 73.89% Other race: 10.61% Native American: 4.74% Two or more races: 4.43%
What companies are moving to New Mexico?
Netflix, NBC Universal, SCEYE, Prent, NTx, LaSen, Kairos Power, Faneuil and Ganymede Games are just a few of the 30 companies investing in the state since 2019. New Mexico has also recently seen success in bringing in international companies to the state.
What is New Mexico’s main source of income?
The state’s economic pillars are its natural resources, tourism, retail trade and federal government spending. Much of the state’s income is derived from oil and gas. The Permian Basin in New Mexico has more than 25,000 oil wells, including two of the 100 largest oil fields in the nation.
Why is New Mexico so poor?
Poverty in New Mexico is mainly caused by the lack of well paying opportunities and unfavourable landscape for agriculture particularly in the rural areas.
What is minimum wage in Albuquerque New Mexico?
$11.50 per hour
New Mexico’s state minimum wage rate is $11.50 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
What is New Mexico known for producing?
New Mexico leads in cash receipts for pecan production with superior quality nuts and some of the largest orchards. New Mexico’s agriculture is as diverse as the state’s culture, geography, and climate. Produce grown across the state includes onions, potatoes, pumpkins, watermelons, lettuce, cabbage, corn, and beans.
What is the major industry in Santa Fe New Mexico?
tourism
The economy in Santa Fe, New Mexico is largely based on tourism and state government. Tourism also significantly contributes to the city’s retail industry. The state of New Mexico is the largest employer in Santa Fe. The nearby Los Alamos National Laboratory is a major employer in the region.
Who is the most famous person from New Mexico?
You May Be Surprised To Learn These 11 Famous People Are From New Mexico
- Neil Patrick Harris (Albuquerque) Flickr/Rach.
- Demi Moore (Roswell) Flickr/Mark Richardson.
- Demi Lovato (Albuquerque) Flickr/Focka.
- Holly Holm (Albuquerque)
- John Denver (Roswell)
- Adrian Grenier (Santa Fe)
- Freddie Prinze, Jr. (
- William Hanna (Melrose)
Is New Mexico a rich state?
New Mexico tops the five poorest U.S. states. New Mexico’s median household income is $51,945, and its poverty rate is 18.2%, the third-highest in the country. Unfortunately, New Mexico’s public schools are ranked the worst in the U.S., with the highest dropout rates of any state.
Why you shouldn’t move to Albuquerque?
New Mexico has the highest rate of property crime in the United States, driven in no small part by the situation in Albuquerque. This can be attributed to various socioeconomic factors in the city, including low education levels, a high unemployment rate, and higher levels of substance abuse in the population.
