El Cerro is a city in New Mexico state in USA with a population of 3202 residents.. The poverty rate of El Cerro is 21.4%, which is 53% higher than national average. The typical household in El Cerro earns $85469 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 30.9% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in El Cerro are struggling financially. Nearly one in every 1 in every 8 workers in El Cerro is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in El Cerro, only 95% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of El Cerro remained 13.2%, which is 181% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In El Cerro, only 30% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in El Cerro is 0, which is 100% lower than national average. Median home value in El Cerro is $185300 , which is 19% lower than national average. While median income in El Cerro remained $85469, which is 27% higher than national average.