Living in Lake Arthur, New Mexico
Cost of living, income, home prices, rent and demographics of Lake Arthur · Census data 2020–2024
Lake Arthur has 478 residents with a median age of 30.7. The median household income is $76,429 (19% higher than the New Mexico median), the median home value is $116,100.
Lake Arthur is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Arthur at a glance
- Population
- 478
- Median age
- 30.7State: 39.4
- Median household income
- $76,429State: $64,059
- Median home value
- $116,100State: $248,100
- Homeowners
- 67.6%
- Bachelor's degree or higher
- 3.3%
- Average commute
- 25 min
Is Lake Arthur a good place to live?
Pros: Median household income 19% higher than the New Mexico median; home values 53% lower than the state median; a poverty rate of 7.5%.
Cons: An average commute of 25 minutes; unemployment of 13.9%.
The weather is best in March to May and October.
Cost of living in Lake Arthur
Housing is the biggest part of the cost of living. In Lake Arthur the median home value is $116,100, 65% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Lake Arthur median household income
The median household income in Lake Arthur is $76,429 and the income per person is $24,266. 7.5% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Lake Arthur: homes for sale and rent
- Housing units
- 160
- Owner-occupied
- 67.6%
- Renter-occupied
- 32.4%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 3.37
Lake Arthur demographics
- Population
- 478
- Median age
- 30.7
- Under 18
- 23.4%
- 65 and older
- 14.2%
- Households
- 142
- Foreign-born
- 10.7%
- Veterans
- 12.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Arthur ›
Education in Lake Arthur
3.3% of adults 25 and older in Lake Arthur have a bachelor's degree or higher (New Mexico: 31%), and 3.3% have a graduate or professional degree.
Jobs and commute in Lake Arthur
- Unemployment rate
- 13.9%State: 6%
- Average commute
- 25 minState: 24 min
- Work from home
- 0%
- Drive alone
- 93.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.4%
Lake Arthur vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Arthur | 478 | $76,429 | $116,100 | — |
| Hagerman | 849 | $64,674 | $109,600 | $734 |
| Artesia | 12,576 | $74,915 | $229,400 | $1,288 |
| Dexter | 1,128 | $43,846 | $97,500 | $673 |
| Atoka | 1,347 | $83,704 | $116,200 | $1,157 |
| Midway | 541 | $44,258 | $178,400 | — |
| Roswell | 47,638 | $51,583 | $152,600 | $876 |
| La Huerta | 1,288 | $78,861 | $345,100 | — |
| Happy Valley | 845 | $62,215 | $200,000 | $1,115 |
More for people moving to Lake Arthur
Lake Arthur ZIP code ›Weather and climate ›Living in Lake Arthur: FAQ
What is the median household income in Lake Arthur, NM?
The median household income in Lake Arthur is $76,429, 19% 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 Lake Arthur?
The median home value in Lake Arthur is $116,100, compared with $248,100 in New Mexico.
Is Lake Arthur, NM a good place to live?
Pluses: median household income 19% higher than the New Mexico median; home values 53% lower than the state median; a poverty rate of 7.5%. Minuses: an average commute of 25 minutes; unemployment of 13.9%.
What is the median age in Lake Arthur?
The median age in Lake Arthur is 30.7 years (New Mexico: 39.4).
How long is the commute in Lake Arthur?
The average commute to work in Lake Arthur is 25 minutes; 0% of workers work from home.
What is the unemployment rate in Lake Arthur?
The unemployment rate in Lake Arthur is 13.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Arthur?
3.3% of adults in Lake Arthur 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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