County profile
Torrance County, NM
United States · GDP 2024
#1948 of 3,127 US counties by GDPtop-quartile growthmore diversified than 64% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$881.3M
BEA · 2024
GDP growth (YoY)
+8.0%
BEA · 2024
Jobs tracked
2,070
Census CBP · 2023
Employers
205
Census CBP · 2023
Avg. wage
$50.4k
BLS QCEW · 2023
Population
16,100
Census PEP · 2025
Labor, income & education
Unemployment
6.5%
Median HH income
$57.8k±$6.3k
Bachelor's degree+
16.6%±2.8%
Poverty rate
18.3%±4.1%
Business applications
193 · 2025
Retail establishments
44
27.6/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Retail trade32%
Construction17%
Health care16%
Admin & support16%
Food & accommodation12%
Utilities8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
16,100
residents · 2025 · +6.9% since 2020
Income per capita $49.0k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,334
International migration+4
Natural change−284
GDP trend
2019–2024 · nominal
$411.8M2019
$451.9M2020
$578.4M2021
$717.9M2022
$815.9M2023
$881.3M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$159.7k±$12.5k
Median gross rent
$872/mo±$37/mo
Vacancy rate
17.0%±3.0%
Affordability
3.2× wages
Residential permits
Census BPS
FEMA risk score
46.2
HUD Fair Market Rent (2BR):$1.5k/mo · 2026
TOP PERILS · FEMA NRI
Wildfire 91Drought 83Hail 72
FHFA HOUSE PRICE INDEX · 2016–2025
1082016
1462017
1372018
1392019
1532020
1582021
2032022
1982023
2322024
2262025
Transport access
BTS · FAA · USACE
Nearest interstate
40.6 km
I-40
Nearest freight rail
0.2 km
BNSF
Nearest port
932.8 km
CATOOSA FERTILIZER CO DOCKS
Nearest commercial airport
82.1 km
ALBUQUERQUE INTL SUNPORT
Wage trend
BLS QCEW · 2019–2023$50.4k
avg. annual pay · +40% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Torrance?
Torrance's economy produced $881.3M in 2024, growing 8.0% year over year — faster than most US counties. Its largest employment sector is retail trade.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.