June 20, 2018
Immigrants and the economy in:
Albuquerque Metro Area
Immigrant Share of Population10.4%
Immigrant Taxes Paid (2014)$518.4M
Immigrant Spending Power (2014)$1.6B
Similar to the United States as a whole, immigrants in most cities are more likely to be of working age—defined as being between the ages of 25 and 64—than the native-born population. This allows them to contribute to U.S. entitlement programs and also assume roles helping seniors as they age.
|Age Group||Foreign-Born Population Share||Native-Born Population Share|
Nationally, immigrants are 17.2 percent more likely to hold a graduate degree than natives. They are also more likely to have less than a bachelor’s degree. This lets them assume positions at the high and low ends of the workforce that might otherwise remain unfilled, hurting local businesses or leading employers to relocate elsewhere. Here, we show the educational attainment of immigrants in this metro area and the five industries where they make up the largest share of workers.
|Workforce Education||Foreign-Born Population||Native-Born Population|
|Less Than High School||35.3%||8.9%|
|High School & Some College||41.7%||59.1%|
|21.9%||Tourism, Hospitality, and Recreation|
Nationally, 19.1 million immigrants were eligible to vote in 2014—a group that could have a particularly important role in coming election cycles, given the narrow margins of victory that have decided presidential elections in recent years.
|Eligible Immigrant Voters, 2014||36,712|
Immigrant families have long played an important role helping to build housing wealth in the United States. In recent decades, the more than 40 million immigrants collectively in the country increased U.S. housing wealth by $3.7 trillion. Much of this was possible because immigrants moved into neighborhoods once in decline, helping to revitalize local communities and make them more attractive to U.S.-born residents.
|Number of Homes Owned by Immigrants, 2014||23,902|
Taxes & Spending Power
Nationally, immigrants earned $1.3 trillion in 2014 and contributed $105 billion in state and local taxes and almost $224 billion in federal taxes. This left them with nearly $927 billion in spending power. Immigrants play an important role contributing to local economies both as consumers and taxpayers.
|Immigrant Household Income||$2.1B|
|— State & Local Taxes||$182.6M|
|— Federal Taxes||$335.8M|
|Total Spending Power||$1.6B|
Immigrants nationally are 28 percent more likely to be entrepreneurs than natives. In 2010, roughly one in 10 American workers with jobs at private firms were employed at immigrant-founded companies. Immigrants similarly play an important role as entrepreneurs in this metro area.
|How many immigrant entrepreneurs reside in this metro area?||6,530|
|How much more likely are immigrant residents to be entrepreneurs than native-born residents?||35.8%|
Make your voice heard on immigration reform by tweeting at @MayorKeller, the mayor in your area.
New American Economy brings together more than 500 mayors and business leaders who support immigration reforms that will help create jobs for Americans today. More…