Living in Algodones, New Mexico
Cost of living, income, home prices, rent and demographics of Algodones · Census data 2020–2024
Algodones has 1,479 residents with a median age of 54.4. The median household income is $67,994 (6% higher than the New Mexico median), the median home value is $234,800.
Algodones is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Algodones at a glance
- Population
- 1,479
- Median age
- 54.4State: 39.4
- Median household income
- $67,994State: $64,059
- Median home value
- $234,800State: $248,100
- Homeowners
- 87.2%
- Bachelor's degree or higher
- 17%
- Average commute
- 33 min
Is Algodones a good place to live?
Pros: Median household income 6% higher than the New Mexico median; home values 5% lower than the state median.
Cons: An average commute of 33 minutes; unemployment of 7.2%; a poverty rate of 18.1%.
The weather is best in April–May and September–October.
Cost of living in Algodones
Housing is the biggest part of the cost of living. In Algodones the median home value is $234,800, 29% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,972 a month in housing costs.
Algodones median household income
The median household income in Algodones is $67,994 and the income per person is $47,648. 18.1% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Algodones: homes for sale and rent
- Housing units
- 667
- Owner-occupied
- 87.2%
- Renter-occupied
- 12.8%
- Vacant
- 5.2%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.34
Algodones demographics
- Population
- 1,479
- Median age
- 54.4
- Under 18
- 10.9%
- 65 and older
- 23.3%
- Households
- 632
- Foreign-born
- 3.7%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Algodones ›
Education in Algodones
17% of adults 25 and older in Algodones have a bachelor's degree or higher (New Mexico: 31%), and 3.5% have a graduate or professional degree.
Jobs and commute in Algodones
- Unemployment rate
- 7.2%State: 6%
- Average commute
- 33 minState: 24 min
- Work from home
- 14.6%
- Drive alone
- 78.2%
- Public transit
- 0%
- Walk to work
- 2.9%
- Homes with broadband
- 49.2%
Algodones vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Algodones | 1,479 | $67,994 | $234,800 | — |
| Santa Ana Pueblo | 1,026 | $86,250 | $150,000 | — |
| Placitas | 4,223 | $109,750 | $562,100 | $2,717 |
| Bernalillo | 9,086 | $63,880 | $255,500 | $902 |
| Pueblo of Sandia Village | 416 | $30,625 | $225,800 | — |
| Corrales | 8,555 | $102,307 | $571,500 | $1,143 |
| Edith Enclave | 185 | $91,875 | $318,800 | $950 |
| Santo Domingo Pueblo | 2,370 | $57,375 | $156,400 | — |
| La Madera | 532 | $160,417 | $762,900 | — |
More for people moving to Algodones
Algodones ZIP code ›Weather and climate ›Living in Algodones: FAQ
What is the median household income in Algodones, NM?
The median household income in Algodones is $67,994, 6% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Algodones?
The median home value in Algodones is $234,800, compared with $248,100 in New Mexico.
Is Algodones, NM a good place to live?
Pluses: median household income 6% higher than the New Mexico median; home values 5% lower than the state median. Minuses: an average commute of 33 minutes; unemployment of 7.2%; a poverty rate of 18.1%.
What is the median age in Algodones?
The median age in Algodones is 54.4 years (New Mexico: 39.4).
How long is the commute in Algodones?
The average commute to work in Algodones is 33 minutes; 14.6% of workers work from home.
What is the unemployment rate in Algodones?
The unemployment rate in Algodones is 7.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Algodones?
17% of adults in Algodones have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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