Grant County, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 32.73, -108.38.
Assembled 2026-10-19. Read the brief.
- 29th pct · 2,173rd of 3,063 US counties · median $230,451
- 31st pct · 21st of 30 New Mexico counties · median $216,844
- 4th pct · 2,934th of 3,062 US counties · median +2.9%
- 6th pct · 28th of 30 New Mexico counties · median +1.6%
- US counties: not published this period
- New Mexico counties: not published this period
- 54th pct · 1,463rd of 3,221 US counties · median 8,232
- 56th pct · 15th of 33 New Mexico counties · median 8,227
- 69th pct · 972nd of 3,221 US counties · median $1,039
- 73rd pct · 9th of 33 New Mexico counties · median $968
- 21st pct · 2,408th of 3,063 US counties · median 4.2
- 17th pct · 25th 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 $178,942 (Sep 2026), -4.8% over one year, -4.7% over five
- 29th pct · 2,173rd of 3,063 US counties · median $230,451
- 31st pct · 21st of 30 New Mexico counties · median $216,844
| Item | Value | Distance |
|---|---|---|
| Grant County, NM | $178,942 · -4.8% 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
- 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 $991 a month on $178,942 at 7.40%, against an average weekly wage worth $4,970 a month: 19.9% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $178,942 × 80% = $143,154, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $991/mo principal and interest
- wage share = payment / (avg weekly wage $1,147 × 52 / 12 = $4,970) = 20% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $178,942 / ($1,147 × 52) = 3.0
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 #
9,696 jobs at 761 employers (2026 Q1); +1.6% jobs and +3.8% average weekly wage over the year
- 54th pct · 1,463rd of 3,221 US counties · median 8,232
- 56th pct · 15th of 33 New Mexico counties · median 8,227
| Item | Value | Distance |
|---|---|---|
| Grant County, NM | 9,696 jobs · $1,147/wk · +1.6% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 1,040 | $606 | 1.10 | +3.2% |
| Administrative and waste services | 985 | $1,125 | 1.79 | +9.0% |
| Health care and social assistance | 937 | $945 | 0.64 | -0.6% |
| Construction | 458 | $978 | 0.90 | +14.5% |
| Other services | 264 | $812 | 0.91 | +3.1% |
| Professional and technical services | 170 | $904 | 0.25 | +4.9% |
| Finance and insurance | 150 | $1,175 | 0.38 | -3.8% |
| Management of companies | 130 | $1,468 | 0.80 | +54.8% |
| Information | 125 | $1,340 | 0.70 | +11.6% |
| Manufacturing | 101 | $534 | 0.13 | +4.1% |
| Educational services | 94 | $674 | 0.45 | +4.4% |
| Wholesale trade | 79 | $1,614 | 0.21 | -4.8% |
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 #
D1 moderate 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: 1, 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 |
|---|---|---|
| Elephant Butte Lake | 100 % full · 1,986k ac-ft | 121 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 #
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 #
low (0.13)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 + 0.3×0.00 / 0.65
Banks & federal dollars #
$641.5 m in deposits at 8 offices of 6 banks (SOD June 2026); HHI 1,996, highly concentrated. $361.5 m federal obligations in FY2026 (direct payments $243.9 m, contracts $101.2 m), $37,280 per covered job
| Item | Value | Distance |
|---|---|---|
| First American Bank | $196.3 m · 30.6% share · 2 offices | |
| Wells Fargo Bank, National Association | $118.2 m · 18.4% share · 1 office | |
| First New Mexico Bank of Silver City | $115.6 m · 18.0% share · 2 offices | |
| Grant, NM | $361.5 m FY2026 · $37,280/job | |
| MULTIPLE RECIPIENTS | $221.0 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| First American Bank | $196,279,000 | 30.6% | 2 |
| Wells Fargo Bank, National Association | $118,166,000 | 18.4% | 1 |
| First New Mexico Bank of Silver City | $115,594,000 | 18.0% | 2 |
| Western Bank | $91,869,000 | 14.3% | 1 |
| WaFd Bank | $78,450,000 | 12.2% | 1 |
| First Savings Bank | $41,182,000 | 6.4% | 1 |
Deposit concentration is 1,996 across 6 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 6 banks with deposits in the county = 30.6² + 18.4² + 18.0² + … (3 more) = 1,996
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 | $194,530,876 |
| Department of Defense | $84,144,372 |
| Department of Veterans Affairs | $25,704,394 |
| Department of Agriculture | $24,223,271 |
| Department of Transportation | $14,538,426 |
| Department of Housing and Urban Development | $8,722,589 |
| Department of Education | $7,649,772 |
| Railroad Retirement Board | $1,099,399 |
| Department of Health and Human Services | $530,000 |
| Federal Communications Commission | $276,801 |
| General Services Administration | $64,924 |
| Small Business Administration | $0 |
That is $37,280 per covered job, against 9,696 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $361.5 m / 9,696 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $37,280
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 | 17.95 | 2026-10-18 | -2.6% |
| 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 · % | 72.20 | 2026-10-19 | +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 | 7.00 | 2026-10-13 | +133.3% |
| 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 | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| 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 | 652,115.00 | 2026-09-01 | +0.7% |
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 #
Grant County, NM: 8 findings, 1 at a watch level and 7 noted
watchGrant County, NM's typical home value is -4.8% 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 2026-09.Show the arithmetic
- test: home.yoyPct = -4.804955201851531 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteGrant County, NM's average weekly wage was 3.8% 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
- +3.8 % = 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
noteGrant County, NM's covered employment was 1.6% 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
- +1.6 % = 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
noteGrant County, NM's typical home value fell 0.6% from $180,078 in August 2026 to $178,942 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- -0.6% = (178941.9848463498 - 180077.74309585747) / 180077.74309585747 × 100
- 178941.9848463498 = Zillow ZHVI, 2026-09
- 180077.74309585747 = Zillow ZHVI, 2026-08
noteGrant County, NM's typical home value of -4.8% ranks 2,934th of 3,062 US counties, against a median of +2.9%.
Period 2026-09.Show the arithmetic
- 4 on the 0-to-100 scale across 3062 US counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
Read all 8 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.