Living in El Cerro, New Mexico
Cost of living, income, home prices, rent and demographics of El Cerro · Census data 2020–2024
El Cerro has 2,923 residents with a median age of 53.1. The median household income is $106,136 (66% higher than the New Mexico median), the median home value is $311,500, the median rent is $723/month.
El Cerro at a glance
- Population
- 2,923
- Median age
- 53.1State: 39.4
- Median household income
- $106,136State: $64,059
- Median home value
- $311,500State: $248,100
- Median rent
- $723/moState: $1,067
- Homeowners
- 94.5%
- Bachelor's degree or higher
- 13.6%
- Average commute
- 28 min
Is El Cerro a good place to live?
Pros: Median household income 66% higher than the New Mexico median; unemployment of 4.5%; a poverty rate of 5.9%.
Cons: Home values 26% higher than the state median; an average commute of 28 minutes.
The weather is best in April–May and September–October.
Cost of living in El Cerro
Housing is the biggest part of the cost of living. In El Cerro the median home value is $311,500, 6% lower than the U.S. median. Renters pay a median of $723 per month, which is 33.1% of household income. Homeowners with a mortgage pay $1,501 a month in housing costs.
El Cerro median household income
The median household income in El Cerro is $106,136 and the income per person is $44,762. 5.9% of residents live below the poverty line (New Mexico: 17.8%).
Housing in El Cerro: homes for sale and rent
- Housing units
- 1,086
- Owner-occupied
- 94.5%
- Renter-occupied
- 5.5%
- Vacant
- 14.7%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.13
El Cerro demographics
- Population
- 2,923
- Median age
- 53.1
- Under 18
- 16.4%
- 65 and older
- 31%
- Households
- 926
- Foreign-born
- 1.3%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of El Cerro ›
Education in El Cerro
13.6% of adults 25 and older in El Cerro have a bachelor's degree or higher (New Mexico: 31%), and 2.8% have a graduate or professional degree.
Jobs and commute in El Cerro
- Unemployment rate
- 4.5%State: 6%
- Average commute
- 28 minState: 24 min
- Work from home
- 4.4%
- Drive alone
- 84.7%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 80.2%
El Cerro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| El Cerro | 2,923 | $106,136 | $311,500 | $723 |
| Valencia | 2,406 | $55,170 | $262,900 | $668 |
| El Cerro Mission | 5,323 | $49,470 | $115,300 | — |
| Monterey Park | 667 | $28,162 | $56,300 | — |
| Tome | 1,723 | $85,448 | $269,300 | $1,385 |
| Peralta | 3,404 | $73,131 | $299,200 | $1,246 |
| Las Maravillas | 1,594 | $63,375 | $230,000 | — |
| Los Chaves | 4,838 | $79,662 | $285,700 | $833 |
| Bosque Farms | 4,071 | $82,188 | $293,100 | $897 |
More for people moving to El Cerro
El Cerro ZIP code ›Weather and climate ›Living in El Cerro: FAQ
What is the median household income in El Cerro, NM?
The median household income in El Cerro is $106,136, 66% 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 El Cerro?
The median home value in El Cerro is $311,500, compared with $248,100 in New Mexico.
How much is rent in El Cerro?
The median gross rent in El Cerro is $723 per month, about 33.1% of household income.
Is El Cerro, NM a good place to live?
Pluses: median household income 66% higher than the New Mexico median; unemployment of 4.5%; a poverty rate of 5.9%. Minuses: home values 26% higher than the state median; an average commute of 28 minutes.
What is the median age in El Cerro?
The median age in El Cerro is 53.1 years (New Mexico: 39.4).
How long is the commute in El Cerro?
The average commute to work in El Cerro is 28 minutes; 4.4% of workers work from home.
What is the unemployment rate in El Cerro?
The unemployment rate in El Cerro is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is El Cerro?
13.6% of adults in El Cerro 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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