HomeNew MexicoSan Miguel County
San Miguel County, New Mexico: commercial real estate data.
San Miguel County, New Mexico had an estimated 26,428 residents on July 1, 2024, down 2.8 percent since the 2020 census base of 27,200, across 4,716 square miles. County output reached $1.01 bn in 2024, 417 establishments operate here, and the SBA record carries 7 7(a) approvals worth $6.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
San Miguel County
How many people live in San Miguel County
- Population, American Community Survey 2020-202426,850
- Households11,931
- Average household size2.25
- Median household income$49,431
- Median age47.2
- Median gross rent$823 per month
- Median owner-occupied home value$188,500
- Home value to household income3.8 times
- Annual rent as a share of median income20.0 percent
- Adults 25 and over with a bachelor degree or higher26.5 percent
- Adults 25 and over with a graduate degree11.1 percent
- Adults 25 and over19,991
- Population under 184,528
- Share under 1816.9 percent
- Population 65 and over6,868
- Share 65 and over25.6 percent
- Working age population, 18 to 6415,454
- Civilian labor force11,597
- Unemployment rate4.8 percent
- Labor force participation, adults 18 and over52.0 percent
- Rank by population among New Mexico counties16th of 33
- Rank by population among US county-equivalents, Puerto Rico included1586th of 3,222
San Miguel County is the 16th largest of 33 New Mexico counties by population. A median home costs 3.8 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 25.6 percent against 16.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
San Miguel County
Is San Miguel County's population growing?
- Population, July 1, 202426,428
- Census 2020 base population27,200
- Population change since the 2020 census base-2.84 percent
- Population change, 2023 to 2024-205
- Births, 2024202
- Deaths, 2024338
- Natural change, 2024-136
- Net domestic migration, 2024-96
- Net international migration, 202423
- Total net migration, 2024-73
- Cumulative net domestic migration, 2021 to 2024-232
- Rank by growth among US county-equivalents2710th of 3,144
The county has lost 2.84 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
San Miguel County
Where are people moving to San Miguel County from?
- Tax returns filed by households arriving447
- People arriving, from those returns715
- Tax returns filed by households leaving535
- Net household movement-88
- Adjusted gross income arriving$18.9 m
- Net adjusted gross income movement$-2.9 m
- Average income of an arriving household$42,262
- Average income of a leaving household$40,731
- Largest single originBernalillo County (76 households)
- Largest single destinationBernalillo County (103 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County | 76 | 108 | $2.4 m |
| Santa Fe County | 74 | 115 | $3.1 m |
| Mora County | 33 | 61 | $1.7 m |
Households arriving report $1,531 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Bernalillo County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
San Miguel County
What is the San Miguel County economy?
- County GDP, 2024$1.01 bn
- County GDP, 2023$922.7 m
- GDP change, 2023 to 20248.9 percent
- GDP change over five years46.8 percent
- Rank by GDP among the New Mexico areas BEA publishes18th of 33
- Rank by GDP among the US county areas BEA publishes1836th of 3,127
- GDP per resident$37,431
Output grew 8.9 percent in the latest year and 46.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
San Miguel County
Employment by industry in San Miguel County
- Covered employment, annual average7,676
- Establishments reporting788
- Average annual pay$44,192
- Average weekly wage$850
- Retail trade, employment860
- Retail trade, average annual pay$31,682
- Construction, employment312
- Construction, average annual pay$55,199
- Finance and insurance, employment141
- Finance and insurance, average annual pay$50,488
- Transportation and warehousing, employment137
- Transportation and warehousing, average annual pay$41,781
- Other services, except public administration, employment101
- Professional, scientific and technical services, employment95
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 860 | 64 | $31,682 |
| Construction | 312 | 47 | $55,199 |
| Finance and insurance | 141 | 26 | $50,488 |
| Transportation and warehousing | 137 | 15 | $41,781 |
| Other services, except public administration | 101 | 39 | $38,283 |
| Professional, scientific and technical services | 95 | 42 | $57,798 |
| Real estate and rental and leasing | 68 | 22 | $43,299 |
| Manufacturing | 60 | 10 | $42,308 |
Retail trade is the largest private sector at 860 jobs, 11.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
San Miguel County
How many businesses are in San Miguel County?
- Establishments, all industries417
- Employment at those establishments8,252
- Annual payroll$215.4 m
- Establishments per 1,000 residents15.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
San Miguel County
Building permits in San Miguel County
- Housing units authorized by permit, 20240
- Declared construction value permitted$0
- Single family units authorized0
- Multifamily units authorized0
No residential units were authorized by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
San Miguel County
SBA loans in San Miguel County (7(a) and 504)
- 7(a) approvals recorded7
- 7(a) gross approval dollars$6.4 m
- Average 7(a) approval$912,214
- Median 7(a) approval$297,500
- Largest single approval$4,400,000
- Jobs reported supported, 7(a)39
- Jobs per approval5.6
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals6
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter3
- Franchise loans1
- Franchise share of approvals14.3 percent
- 504 approvals recorded4
- 504 gross approval dollars$630,000
- Average 504 approval$157,500
- Median 504 approval$160,000
- Distinct CDCs active2
- 504 jobs per approval5.0
- 504 jobs per million dollars approved31.7
- Most active CDCCapital Certified Development Corporation (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$7.0 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
San Miguel County
SBA loan default and charge-off rates in San Miguel County
Do SBA loans in San Miguel County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure6
- Status: Paid in full1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
San Miguel County
SBA lending by place in San Miguel County
- Borrower cities with recorded lending2
- Las Vegas, approvals6
- Pecos, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Las Vegas | 6 | $6,367,500 |
| Pecos | 1 | $18,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
San Miguel County
How large is San Miguel County?
- Land area4,716 sq mi
- Rank by land area among New Mexico counties9th of 33
- Width, east to west117.4 mi
- Height, north to south57.3 mi
- Geographies sharing a boundary6
- Residents per square mile of land6
- Establishments per square mile0.09
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
San Miguel County
Flood risk in San Miguel County
- Participation of the county's own NFIP community San Miguel County, unincorporated areasParticipating, community 350132
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP2
- NFIP participation rate66.7 percent
- Communities carrying a CRS class0
- Radon levels in San Miguel County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated San Miguel County (community 350132), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places San Miguel County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 66.7 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a San Miguel County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a San Miguel County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202426,850
- Households11,931
- Average household size2.25
- Median household income$49,431
- Median age47.2
Common questions
San Miguel County questions, answered from the record.
How many people live in San Miguel County, New Mexico?
The Census Bureau estimates 26,428 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 26,850, in 11,931 households, ranking 16th of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is San Miguel County's population growing?
The population has fallen 2.84 percent since the 2020 census base of 27,200, to 26,428 on July 1, 2024. In 2024 there were 202 births against 338 deaths, with net migration of -73. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in San Miguel County?
$49,431. The median owner-occupied home is valued at $188,500, which is 3.8 times income, and median gross rent is $823 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in San Miguel County?
417 establishments, employing 8,252 people with an annual payroll of $215.4 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in San Miguel County?
Retail trade is the largest private sector at 860 jobs, 11.2 percent of covered employment. Covered employment averages 7,676 jobs at an average annual pay of $44,192, or $850 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in San Miguel County?
7 7(a) approvals totaling $6.4 m since FY2020, across 6 lenders, with a median approval of $297,500, plus 4 504 approvals worth $630,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in San Miguel County?
No residential units were authorized by permit in 2024. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for San Miguel County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to San Miguel County come from?
The largest single origin is Bernalillo County, with 76 households. Arriving households report an average income of $42,262 against $40,731 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for San Miguel County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for San Miguel County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
San Miguel County
Cities and places in San Miguel.
15 Census places lie wholly or partly in San Miguel County. All 15 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Las Vegas | city | 13,000 | 6 | Wholly in this county |
| Pecos | village | 1,204 | 1 | Wholly in this county |
| East Pecos | CDP | 643 | None recorded | Wholly in this county |
| Rowe | CDP | 516 | None recorded | Wholly in this county |
| Tecolotito | CDP | 465 | None recorded | Wholly in this county |
| Villanueva | CDP | 283 | None recorded | Wholly in this county |
| Conchas Dam | CDP | 282 | None recorded | Wholly in this county |
| North San Ysidro | CDP | 210 | None recorded | Wholly in this county |
| Ribera | CDP | 162 | None recorded | Wholly in this county |
| Sena | CDP | 155 | None recorded | Wholly in this county |
| Tecolote | CDP | 126 | None recorded | Wholly in this county |
| San Jose | CDP | 87 | None recorded | Wholly in this county |
| Pueblo | CDP | 86 | None recorded | Wholly in this county |
| Soham | CDP | 60 | None recorded | Wholly in this county |
| Mosquero | village | 25 | None recorded | 26.4 percent here, 73.6 percent Harding County |
Nearby