New Mexico vs Utah on USAspending: $3.93B vs $4.06B

Almost the same stock, a different intensity planet

Utah’s $4.06B is only about 1.03 times New Mexico’s $3.93B. Population runs the other way: Utah’s 3,503,613 versus New Mexico’s 2,130,256, about 1.64 times. The stacked race is a near-tie. The per-capita pair is not. $945.82 in New Mexico versus $199.06 in Utah is the largest intensity gap in this batch. Cite those ratios as packet figures beside the Census counts.

Award counts stay modest on both sides. Utah’s 26,509 awards versus New Mexico’s 19,233 is about 1.38 times. Neither file is a high-volume action tape. New Mexico’s 19,233 rows on $3.93B are fewer, and the $945.82 per-capita reading still sits on a Census denominator of 2,130,256.

FY2026 then stops looking like a photo finish. $2.01B in New Mexico versus $697.4M in Utah is the recency ranking that matches the intensity ranking, not the stacked ranking.

Construction in New Mexico, nonferrous metal in Utah

New Mexico’s lead NAICS is commercial and institutional building construction. Utah’s lead NAICS is nonferrous metal (except copper and aluminum) rolling, drawing, and extruding. Those peaks sit on $3.93B and $4.06B. A construction lead is a first filter on the New Mexico mix; a metal-rolling lead is a first filter on the Utah mix.

The 19,233 New Mexico awards and 26,509 Utah awards include many actions outside those labels. Use the New Mexico and Utah state hubs for agencies and recipients. Both peaks are USAspending.gov obligation mixes.

FY2026: New Mexico’s $2.01B versus Utah’s $697.4M

Fiscal year 2026 obligations are $2.01B in New Mexico and $697.4M in Utah. Recency flips the stacked $3.93B versus $4.06B ranking and then some. Treat the year as a recency slice of obligations, not as Treasury cash. A single-year booking of $2.01B on a 2,130,256 Census count is also why the $945.82 per-capita figure belongs in the same conversation as FY2026, not as a restatement of the stacked stock.

Do not divide $2.01B or $697.4M by 19,233 or 26,509 all-years awards. Spending per capita of $945.82 and $199.06 already sits beside those Census counts in the packet.

2.13 million residents and a $945.82 reading

New Mexico’s 2,130,256 residents are the smaller Census count, and $3.93B is the slightly smaller stacked stock. Intensity still belongs to New Mexico by a wide margin. $945.82 versus $199.06 is federal-award intensity reported against Census population. It is not a ranking of private payrolls.

Utah’s 3,503,613 residents and $4.06B stock produce the $199.06 packet figure. Award counts of 19,233 and 26,509 describe the action files, not household receipts.

How to read New Mexico versus Utah

Read the stacked stocks as a near-tie ($3.93B vs $4.06B). Read New Mexico first on intensity ($945.82 vs $199.06) and on FY2026 ($2.01B vs $697.4M). Read Utah first on awards (26,509 vs 19,233) and population (3,503,613 vs 2,130,256). Note construction versus nonferrous metal. All cuts are obligations.

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

A $945.82 reading is still an obligation ratio

New Mexico’s $3.93B and Utah’s $4.06B are USAspending.gov obligations that almost match. Spending per capita of $945.82 and $199.06 does not match. FY2026’s $2.01B versus $697.4M is the recency version of that intensity gap. Commercial and institutional building construction versus nonferrous metal rolling is the industry split. Outlays are not listed.

Award counts of 19,233 and 26,509 stay modest on both sides. Census counts of 2,130,256 and 3,503,613 explain part of the ratio gap and not the stacked near-tie. Use the New Mexico and Utah hubs for agencies and recipients. The comparison hub is the paired view, not a cash scoreboard.

Questions

Does New Mexico or Utah have more federal spending?

Utah leads stacked USAspending.gov obligations $4.06B to New Mexico’s $3.93B. New Mexico leads spending per capita, $945.82 versus $199.06, on 2,130,256 residents against Utah’s 3,503,613. Utah has more awards (26,509 vs 19,233). FY2026 obligations are $2.01B in New Mexico and $697.4M in Utah.

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 $199.06 in Utah on 3,503,613. Stacked stocks are close ($3.93B vs $4.06B). FY2026 obligations are $2.01B in New Mexico versus $697.4M in Utah. Award counts are 19,233 versus 26,509. These figures are USAspending.gov obligations, not outlays.

What industries lead in New Mexico and Utah?

New Mexico’s top industry is commercial and institutional building construction. Utah’s is nonferrous metal (except copper and aluminum) rolling, drawing, and extruding. Those labels are the largest NAICS slices on $3.93B and $4.06B. Award counts are 19,233 in New Mexico and 26,509 in Utah.

Are New Mexico vs Utah figures Treasury outlays?

No. The $3.93B and $4.06B totals, and FY2026 amounts of $2.01B and $697.4M, are USAspending.gov obligations. Outlays are cash payments and can lag. Spending per capita ($945.82 vs $199.06) uses Census population where present.