New Mexico has a population of just over 2.1 million people and it’s growing. New Mexico is located in the region experiencing the fastest rate of population growth in the U.S. during the 21st century, the Mountain Division. From 2000 to 2018 the total population of the U.S. has grown 14.8%; less than 1% per year. In contrast, the Mountain Division has grown by 31.3%; just over 1.7% per year. It has become clear that this region is a key location for companies looking to position themselves in the path of growth. Locating in New Mexico will secure a continually growing pipeline of talent.
During the last 5 years more than 350,000 people have moved to New Mexico from places like California, Texas, Colorado, and Arizona.
Over 50,000 people have moved to New Mexico from international destinations.
New Mexico is located in the Mountain Division which has experienced a 31.3% population growth rate from 2000 to 2018, the fastest in the nation.
During the last 5 years, more than 350,000 people have moved to New Mexico. Many of these people are coming from nearby western states like California, Texas, Colorado, and Arizona. New Mexico also draws people in from much farther, over 50,000 people having migrated to New Mexico from outside of the U.S. in the last five years.
Locating in the nation’s fastest growing geographic region is a strategic advantage that is becoming ever important. Demographic trends are leading to a persistent long-term shortage of talent in the U.S. In contrast, companies that choose to locate in New Mexico will be better positioned to satisfy their labor needs than their competitors that remain in declining growth regions.
Source: U.S. Bureau of Labor Statistics, 2018 estimates