Overview of the ENIGH 2024 Report
According to the National Household Income and Expenditure Survey (ENIGH) 2024 published by Mexico’s National Institute of Statistics and Geography (Inegi), Nuevo León recorded the highest average household income in the country at 117,034 pesos per quarter. This figure surpasses the national average by 50.3%, which stands at 77,864 pesos.
Nuevo León’s Economic Performance
Monterrey, NL. The ENIGH 2024 report highlights that Nuevo León has the highest average current income per household in the country, reaching 39,011 pesos monthly. This reflects a consistent increase in the purchasing power of Nuevo León families.
Betsabé Rocha Nieto, Secretary of Economy in Nuevo León: “This achievement confirms that with the best incomes of Nuevo León families, their development opportunities grow. Nuevo León is demonstrating that growth can be achieved with equity and long-term vision. This is the result of joint efforts between government, businesses, and citizens.”
The state last led the nation in 2020, surpassing entities like the Federal District and outperforming Guerrero and Chiapas, which have the lowest income levels in the country.
This outcome aligns with Nuevo León’s Economic Strategy 2025, focusing on investment promotion, micro, small, and medium enterprise (Mipymes) strengthening, and local talent development, as emphasized by the official.
Key Income Components
Gabriela Siller Pagaza, Director of Economic Analysis at Grupo Financiero Base, explained that two significant components of household income are:
- Wages from Subordinate Employment: Accounted for 65.87% of total income, a slight decrease of 1.05 percentage points compared to 2018.
- Transfers: Comprised 17.51% of total income, with a growth of over 3 percentage points compared to 2018.
Additionally, Siller Pagaza noted that Mexican households had an average current income of 25,594 pesos per month, which is 15.6% higher than in 2018.
- Income Distribution by Deciles:
- First decile: Average income of 16,795 pesos per trimester
- Tenth decile: Average income of 236,095 pesos per trimester
The first decile saw a 35.47% increase in average income compared to 2018, while the tenth decile experienced a modest 4.16% growth.
Key Questions and Answers
- What does the ENIGH 2024 report reveal about Nuevo León?
Nuevo León has the highest average household income in Mexico, surpassing the national average by 50.3%.
- What factors contributed to Nuevo León’s leading position?
The report highlights wages from subordinate employment and transfers as key income components. The state’s focus on investment promotion, Mipymes strengthening, and local talent development also played crucial roles.
- How does Nuevo León’s income distribution compare to other states?
Nuevo León outperforms entities like the Federal District, Guerrero, and Chiapas. The income distribution by deciles shows varying growth rates across different income brackets.
