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.

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Indiana vs New Mexico on USAspending: $3.83B vs $3.93B

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.

FY2026: New Mexico’s $2.01B versus Indiana’s $557.6M

Fiscal year 2026 obligations are $2.01B in New Mexico and $557.6M in Indiana. Recency leaves the stacked near-tie behind. Treat the year as a recency slice of obligations, not as Treasury cash. A $2.01B latest-year booking on 2,130,256 residents is the neighborhood of the $945.82 per-capita figure.

Do not divide $2.01B or $557.6M by 19,233 or 58,316 all-years awards. Spending per capita of $945.82 and $80.53 already sits beside those Census counts in the packet.

6.9 million residents and an $80.53 reading

Indiana’s 6,924,275 residents dwarf New Mexico’s 2,130,256, and Indiana still trails on $3.83B versus $3.93B. The per-person ranking follows New Mexico. Headcount is not intensity. Award volume of 58,316 versus 19,233 is Indiana’s win on rows.

Keep those per-capita figures labeled as Census-based packet figures on USAspending.gov obligations. They are not outlays per resident.

How to read Indiana versus New Mexico

Read the stacked stocks as a near-tie ($3.83B vs $3.93B) with a shared construction lead. Read New Mexico first on intensity ($945.82 vs $80.53) and on FY2026 ($2.01B vs $557.6M). Read Indiana first on awards (58,316 vs 19,233) and population (6,924,275 vs 2,130,256). All cuts are obligations.

The comparison hub holds the tables. The Indiana and New Mexico hubs hold agencies and recipients. Outlays are a different series.

Same construction label, different obligation intensity

Indiana’s $3.83B and New Mexico’s $3.93B are USAspending.gov obligations. Both peak in commercial and institutional building construction. A shared label does not share the $945.82 versus $80.53 per-capita pair. FY2026’s $557.6M versus $2.01B is recency in the same obligation series, not cash paid.

Census counts of 6,924,275 and 2,130,256 and award counts of 58,316 and 19,233 go to Indiana. Use the Indiana and New Mexico hubs for agencies and recipients rather than treating the construction tag as the entire mix. The comparison hub is the paired view.

Indiana’s 58,316 awards and 6,924,275 residents look larger. New Mexico’s $3.93B versus $3.83B, $945.82 versus $80.53 per capita, and $2.01B versus $557.6M in FY2026 say otherwise. The shared construction label does not merge those rankings. Treat $945.82 and $80.53 as packet figures beside 2,130,256 and 6,924,275 residents.

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.