HomeNew MexicoTorrance County
Torrance County, New Mexico: commercial real estate data.
Torrance County, New Mexico has a population of 15,490 across 3,345 square miles, up 6.2 percent since the 2020 census base. County output reached $881.3 m in 2024, 205 establishments operate here, and the SBA record carries 10 7(a) approvals worth $11.7 m.
100 sourced county values · tier FULL · 10 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Torrance County
How many people live in Torrance County
- Population15,490
- Households6,052
- Average household size2.56
- Median household income$57,842
- Median age43.3
- Median gross rent$872 per month
- Median owner-occupied home value$159,700
- Home value to household income2.8 times
- Annual rent as a share of median income18.1 percent
- Adults 25 and over with a bachelor degree or higher16.6 percent
- Adults 25 and over with a graduate degree4.7 percent
- Adults 25 and over11,155
- Population under 183,134
- Share under 1820.2 percent
- Population 65 and over3,488
- Share 65 and over22.5 percent
- Working age population, 18 to 648,868
- Civilian labor force6,864
- Unemployment rate9.0 percent
- Labor force participation, adults 18 and over55.6 percent
- Rank by population among New Mexico counties23rd of 33
- Rank by population among US county-equivalents2127th
Torrance County is the 23rd largest of 33 New Mexico counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.5 percent against 20.2 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Torrance County
Is Torrance County's population growing?
- Population change since the 2020 census base6.24 percent
- Census 2020 base population15,047
- Births, 2024158
- Deaths, 2024185
- Natural change, 2024-27
- Net domestic migration, 2024313
- Net international migration, 20244
- Total net migration, 2024317
- Cumulative net domestic migration, 2021 to 20241,112
- Rank by growth among US county-equivalents375th
The county has grown 6.24 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Torrance County
Where are people moving to Torrance County from?
- Tax returns filed by households arriving485
- People arriving, from those returns963
- Adjusted gross income arriving$22.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$47,027
- Largest single originTorrance County Non-migrants (4,876 households)
- Largest single destination (4,876 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Torrance County Non-migrants | 4,876 | 9,621 | $239.1 m |
| Bernalillo County | 161 | 312 | $6.9 m |
| Other flows - Different State | 148 | 300 | $8.1 m |
| Santa Fe County | 97 | 187 | $3.8 m |
| Other flows - West | 75 | 152 | $4.5 m |
| Other flows - South | 52 | 107 | $2.2 m |
| Other flows - Same State | 30 | 58 | $1.7 m |
| Sandoval County | 27 | 55 | $1.3 m |
The largest single source of arrivals is Torrance County Non-migrants, 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.
Torrance County
What is the Torrance County economy?
- County GDP, 2024$881.3 m
- County GDP, 2023$815.9 m
- GDP change, 2023 to 20248.0 percent
- GDP change over five years95.0 percent
- Rank by GDP among New Mexico counties21st
- Rank by GDP among US county-equivalents1948th
- GDP per resident$56,896
Output grew 8.0 percent in the latest year and 95.0 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.
Torrance County
Largest employers in Torrance County
- Covered employment, annual average3,165
- Establishments reporting368
- Average annual pay$51,439
- Average weekly wage$989
- Sector 44-45, employment509
- Sector 44-45, average annual pay$34,873
- Sector 62, employment308
- Sector 62, average annual pay$35,822
- Sector 56, employment234
- Sector 56, average annual pay$61,790
- Sector 42, employment175
- Sector 42, average annual pay$50,127
- Sector 23, employment138
- Sector 31-33, employment127
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 509 | 43 | $34,873 |
| Sector 62 | 308 | 63 | $35,822 |
| Sector 56 | 234 | 10 | $61,790 |
| Sector 42 | 175 | 11 | $50,127 |
| Sector 23 | 138 | 30 | $47,990 |
| Sector 31-33 | 127 | 14 | $138,968 |
| Sector 81 | 63 | 16 | $74,918 |
| Sector 51 | 33 | 6 | $45,204 |
The largest sector is the biggest private employer group at 509 jobs, 16.1 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Torrance County
How many businesses are in Torrance County?
- Establishments, all industries205
- Employment at those establishments2,070
- Annual payroll$107.8 m
- Establishments per 1,000 residents13.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Torrance County
SBA loans in Torrance County (7(a) and 504)
- 7(a) approvals recorded10
- 7(a) gross approval dollars$11.7 m
- Average 7(a) approval$1,174,480
- Median 7(a) approval$544,800
- 10th percentile approval$260,000
- 90th percentile approval$4,236,000
- Largest single approval$4,236,000
- Jobs reported supported, 7(a)151
- Jobs per approval15.1
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals7
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer80.0 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter1
- Franchise loans1
- Franchise share of approvals10.0 percent
- Leading industry by approval countOther Gasoline Stations (3)
- Most active lenderOpen Bank (3)
The average approval of $1,174,480 sits well above the median of $544,800, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 80.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Torrance County
SBA loan default and charge-off rates in Torrance County
Do SBA loans in Torrance County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Cancelled4
- Status: Paid in full2
- Status: Exempt from disclosure4
Too few loans have reached a final outcome to publish a charge off rate. only 2 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
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.
Torrance County
SBA lending by place in Torrance County
- Places in the county with recorded lending3
- Moriarty, approvals8
- Edgewood, approvals1
- Mountainair, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Moriarty | 8 | $11,100,000 |
| Edgewood | 1 | $544,800 |
| Mountainair | 1 | $100,000 |
Moriarty accounts for 8 approvals against 1 in Edgewood. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Torrance County
How large is Torrance County?
- Land area3,345 sq mi
- Rank by land area among New Mexico counties20th of 33
- Width, east to west67.1 mi
- Height, north to south54 mi
- Geographies sharing a boundary7
- Residents per square mile of land5
- Establishments per square mile0.06
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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- The Building Permits Survey does not carry a 2024 record for this county.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Torrance 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 Torrance County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population15,490
- Households6,052
- Average household size2.56
- Median household income$57,842
- Median age43.3
Common questions
Torrance County questions, answered from the record.
How many people live in Torrance County, New Mexico?
15,490, in 6,052 households, ranking 23rd of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Torrance County's population growing?
The population has grown 6.24 percent since the 2020 census base. In 2024 there were 158 births against 185 deaths, with net migration of 317. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Torrance County?
$57,842. The median owner-occupied home is valued at $159,700, which is 2.8 times income, and median gross rent is $872 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Torrance County?
205 establishments, employing 2,070 people with an annual payroll of $107.8 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Torrance County?
Average annual pay is $51,439, or $989 a week, across 3,165 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Torrance County?
10 7(a) approvals totalling $11.7 m since FY2020, across 7 lenders, with a median approval of $544,800. These are approvals recorded in the release, not loans disbursed.
What is the radon zone for Torrance County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Torrance County come from?
The largest single origin is Torrance County Non-migrants, with 4,876 households. Arriving households report an average income of $47,027 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Torrance 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 Torrance County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
Torrance County
Cities and places in Torrance.
14 Census places lie wholly or partly in Torrance County. 13 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Moriarty | city | 2,102 | 8 | Wholly in this county |
| McIntosh | CDP | 1,943 | None recorded | Wholly in this county |
| Estancia | town | 1,432 | None recorded | Wholly in this county |
| Mountainair | town | 1,178 | 1 | Wholly in this county |
| Indian Hills | CDP | 622 | None recorded | Wholly in this county |
| Willard | village | 248 | None recorded | Wholly in this county |
| Tajique | CDP | 130 | None recorded | Wholly in this county |
| Torreon | CDP | 125 | None recorded | Wholly in this county |
| Punta de Agua | CDP | 46 | None recorded | Wholly in this county |
| Encino | village | 31 | None recorded | Wholly in this county |
| Deer Canyon | CDP | 29 | None recorded | Wholly in this county |
| Manzano Springs | CDP | 7 | None recorded | 77.9 percent here, 22.1 percent Bernalillo County |
| Duran | CDP | 0 | None recorded | Wholly in this county |
| Manzano | CDP | 0 | None recorded | Wholly in this county |
A further 11 SBA approvals in Torrance County are recorded against borrower cities that match no Census place, the largest being Edgewood. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.