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Funeral Homes in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM81221

Funeral Homes in New Mexico industry analysis

The Funeral Homes industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Funeral Homes in New Mexico Market Research Report

What’s Included in the Funeral Homes in New Mexico Market Research Report

Definition of the Funeral Homes in New Mexico?

Funeral homes provide services and support to families following a loved one's death. Their primary role is to assist with planning and coordinating end-of-life arrangements, which can include preparing the deceased, handling logistics, organizing memorial services and managing paperwork.

What’s included in the Funeral Homes in New Mexico?

The Funeral Homes in New Mexico includes providing funeral director services, providing embalming services, operating funeral homes combined with crematories, providing mortician services, providing visitation or viewing services, providing funeral services, providing graveside committal services, selling funeral merchandise (e.g. caskets, flowers and obituary notices) and transporting the deceased. Related terms covered in the Funeral Homes in New Mexico industry report includes purchase of a funeral plan prior to death and arrangement of a funeral service for a deceased person that did not have a prepaid funeral plan in place.

Industry Performance of the Funeral Homes industry in New Mexico

Benchmark the Funeral Homes in New Mexico industry performance with all NM county and national performance.

Funeral Homes in New Mexico

#38 in Highest Revenue 0.4% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Funeral Homes in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Funeral Homes industry in New Mexico

See how key industry drivers, such as population, total jobs, gross state product, number of deaths, per capita disposable income and number of adults aged 65 and older are impacting Funeral Homes in New Mexico

New Mexico Economic Indicators

Population
Total Jobs
Gross State Product

View more economic information in NM State Economic profile

US Key External Drivers

Number of deaths
Per capita disposable income
Number of adults aged 65 and older

For the full list of industry drivers, see report purchase options.

County Data of the Funeral Homes industry in New Mexico

Access proprietary data on county in the Funeral Homes in New Mexico, such as Bernalillo County, San Juan County and Mckinley County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Funeral Homes industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Funeral Homes industry in New Mexico in 2025?

The market size of the Funeral Homes industry in New Mexico is $91.2m in 2025.

How many businesses are there in the Funeral Homes industry in New Mexico in 2025?

There are 112 businesses in the Funeral Homes industry in New Mexico, which has been growing at an average annual rate of 0.4% from 2020 to 2025.

Has the Funeral Homes industry in New Mexico grown or declined over the past 5 years?

The market size of the Funeral Homes industry in New Mexico has been declining at an average annual rate of -0.5% from 2020 to 2025.

How many employees in the Funeral Homes industry in New Mexico in 2025?

There are 730 employees in the Funeral Homes industry in New Mexico, which has been declining at an average annual rate of -0.6% from 2020 to 2025.