Indiana vs New Mexico
Federal spending comparison
New Mexico accounts for $3.93B in USAspending.gov obligations; Indiana accounts for $3.83B. Indiana has more than three times the people — 6,924,275 against 2,130,256 — and more awards, 58,316 against 19,233. Intensity still belongs to New Mexico: $945.82 per capita versus Indiana’s $80.53. FY2026 dollars also belong to New Mexico, $2.01B versus $557.6M. Both states list commercial and institutional building construction as the top industry. The figures are obligations, not outlays.
Key figures
- New Mexico $3.93B vs Indiana $3.83B in stacked USAspending obligations.
- New Mexico per capita $945.82 vs Indiana $80.53 on 2,130,256 vs 6,924,275 residents.
- Awards: 58,316 vs 19,233; FY2026 $557.6M vs $2.01B.
- Both states’ top industry is commercial and institutional building construction.
- Figures are USAspending.gov obligations, not Treasury outlays.
Same construction label, opposite intensity
New Mexico’s $3.93B is about 1.03 times Indiana’s $3.83B. Population is about 0.31 times: 2,130,256 versus 6,924,275. Indiana has the people. New Mexico has the slightly larger stock and the $945.82 per-capita reading against Indiana’s $80.53. Cite those ratios as packet figures beside the Census counts.
Award counts follow Indiana’s headcount, 58,316 versus 19,233. Indiana’s file is busier in rows. New Mexico’s 19,233 actions on $3.93B are fewer and still sit beside the outlier intensity figure.
A shared commercial and institutional building construction lead does not make the files identical. It only says the tallest NAICS bar uses the same label on $3.83B and on $3.93B. Indiana’s 6,924,275 residents versus New Mexico’s 2,130,256 is a threefold Census gap that $3.83B versus $3.93B does not follow, which is why $80.53 versus $945.82 is the ranking that matters.
Two construction peaks on two different Census maps
Indiana’s top industry is commercial and institutional building construction. New Mexico’s top industry is the same label. Construction can be lumpy in both places. The 58,316 Indiana awards and 19,233 New Mexico awards include many actions that are not buildings.
Use the Indiana and New Mexico state hubs for agencies and recipients rather than treating the construction tag as the entire mix. The shared lead is a first filter, not a finding that the two states buy the same work in the same amounts.
Full analysis: Indiana vs New Mexico on USAspending: $3.83B vs $3.93B →
Questions
- Does Indiana or New Mexico have more federal spending?
- New Mexico leads stacked USAspending.gov obligations $3.93B to Indiana’s $3.83B. New Mexico also leads spending per capita, $945.82 versus $80.53, on 2,130,256 residents against Indiana’s 6,924,275. Indiana has more awards (58,316 vs 19,233). FY2026 obligations are $557.6M in Indiana and $2.01B in New Mexico.
- Do Indiana and New Mexico have the same top industry?
- Yes. Both list commercial and institutional building construction as the top industry. The comparison is intensity and recency on $3.83B versus $3.93B, not a different lead NAICS. Award counts are 58,316 in Indiana and 19,233 in New Mexico. Spending per capita is $80.53 versus $945.82.
- Why is New Mexico’s per-capita figure so much higher?
- The packet reports $945.82 per capita in New Mexico on 2,130,256 residents and $80.53 in Indiana on 6,924,275. Stacked stocks are close ($3.93B vs $3.83B). FY2026 obligations are $2.01B versus $557.6M. These figures are USAspending.gov obligations, not outlays.
- Are Indiana vs New Mexico figures Treasury outlays?
- No. The $3.83B and $3.93B totals, and FY2026 amounts of $557.6M and $2.01B, are USAspending.gov obligations. Outlays are cash payments and can lag. Spending per capita ($80.53 vs $945.82) uses Census population where present.
State comparison from SpendingVault aggregates of USAspending obligations. Per-capita uses Census population where present.
| Indiana | Metric | New Mexico |
|---|---|---|
| $99.17B | Total Spending | $19.40B |
| $14K | Per Capita | $9K |
| N/A | % of GDP | N/A |
| 6.9M | Population | 2.1M |
| N/A | Median Income | N/A |
| N/A | Poverty Rate | N/A |
| N/A | Bachelor Degree % | N/A |
| N/A | Median Age | N/A |
| N/A | Unemployment | N/A |
| N/A | GDP (Millions) | N/A |
Top Agencies — Indiana
- Department of Health and Human Services$414.23B
- Social Security Administration$88.48B
- Department of Defense$22.52B
- Department of Agriculture$10.62B
- Department of Veterans Affairs$8.70B
Top Agencies — New Mexico
- Department of Energy$185.29B
- Department of Health and Human Services$40.14B
- Social Security Administration$27.25B
- Department of Defense$9.29B
- Department of Agriculture$6.62B
Top Industries — Indiana
- ENGINEERING SERVICES$4.21B
- AIRCRAFT ENGINE AND ENGINE PARTS MANUFACTURING$4.19B
- MILITARY ARMORED VEHICLE, TANK, AND TANK COMPONENT MANUFACTURING$2.55B
- SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL, AND NAUTICAL SYSTEM AND INSTRUMENT MANUFACTURING$2.20B
- TRUCK TRAILER MANUFACTURING$1.90B
Top Industries — New Mexico
- FACILITIES SUPPORT SERVICES$148.95B
- RESEARCH AND DEVELOPMENT IN THE PHYSICAL, ENGINEERING, AND LIFE SCIENCES$35.52B
- COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION$3.50B
- RESEARCH AND DEVELOPMENT IN THE PHYSICAL, ENGINEERING, AND LIFE SCIENCES (EXCEPT NANOTECHNOLOGY AND BIOTECHNOLOGY)$1.69B
- ENGINEERING SERVICES$1.21B
Source: USAspending.gov · More Comparisons · Indiana · New Mexico