Portales is a city in New Mexico state in USA with a population of 11713 residents.. The poverty rate of Portales is 25.7%, which is 84% higher than national average. The typical household in Portales earns $41507 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.3% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Portales are struggling financially. Nearly one in every 1 in every 8 workers in Portales 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 Portales, only 81% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Portales remained 12.6%, which is 168% 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 Portales, only 26% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Portales is 84, which is 16% lower than national average. Median home value in Portales is $117100 , which is 49% lower than national average. While median income in Portales remained $41507, which is 39% lower than national average.