Living in Lake Valley, New Mexico
Cost of living, income, home prices, rent and demographics of Lake Valley · Census data 2020–2024
Lake Valley has 83 residents with a median age of 58.8. The median household income is $83,158 (30% higher than the New Mexico median), the median home value is $200,000.
Lake Valley is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Valley at a glance
- Population
- 83
- Median age
- 58.8State: 39.4
- Median household income
- $83,158State: $64,059
- Median home value
- $200,000State: $248,100
- Homeowners
- 37.5%
- Bachelor's degree or higher
- 58.4%
- Average commute
- 49 min
Is Lake Valley a good place to live?
Pros: Median household income 30% higher than the New Mexico median; home values 19% lower than the state median; a poverty rate of 10.8%.
Cons: An average commute of 49 minutes; unemployment of 17.1%.
The weather is best in May–June and September–October.
Cost of living in Lake Valley
Housing is the biggest part of the cost of living. In Lake Valley the median home value is $200,000, 40% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Lake Valley median household income
The median household income in Lake Valley is $83,158 and the income per person is $28,855. 10.8% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Lake Valley: homes for sale and rent
- Housing units
- 67
- Owner-occupied
- 37.5%
- Renter-occupied
- 62.5%
- Vacant
- 52.2%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.59
52.2% of homes are vacant most of the year, a sign that Lake Valley has many vacation and second homes.
Lake Valley demographics
- Population
- 83
- Median age
- 58.8
- Under 18
- 3.6%
- 65 and older
- 45.8%
- Households
- 32
- Foreign-born
- 0%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Valley ›
Education in Lake Valley
58.4% of adults 25 and older in Lake Valley have a bachelor's degree or higher (New Mexico: 31%), and 5.2% have a graduate or professional degree.
Jobs and commute in Lake Valley
- Unemployment rate
- 17.1%State: 6%
- Average commute
- 49 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 6.3%
Lake Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Valley | 83 | $83,158 | $200,000 | — |
| Becenti | 235 | $55,833 | $53,100 | — |
| Crownpoint | 2,882 | $51,011 | $61,100 | $593 |
| Nageezi | 327 | $12,321 | $60,000 | $525 |
| Naschitti | 361 | $29,821 | $136,100 | $535 |
| Sheep Springs | 360 | $30,625 | $99,000 | $819 |
| Pueblo Pintado | 187 | $41,250 | — | $1,175 |
| Brimhall Nizhoni | 367 | $55,417 | $65,000 | — |
| Newcomb | 415 | $35,313 | $18,600 | $603 |
More for people moving to Lake Valley
Weather and climate ›Living in Lake Valley: FAQ
What is the median household income in Lake Valley, NM?
The median household income in Lake Valley is $83,158, 30% 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 Valley?
The median home value in Lake Valley is $200,000, compared with $248,100 in New Mexico.
Is Lake Valley, NM a good place to live?
Pluses: median household income 30% higher than the New Mexico median; home values 19% lower than the state median; a poverty rate of 10.8%. Minuses: an average commute of 49 minutes; unemployment of 17.1%.
What is the median age in Lake Valley?
The median age in Lake Valley is 58.8 years (New Mexico: 39.4).
How long is the commute in Lake Valley?
The average commute to work in Lake Valley is 49 minutes; 0% of workers work from home.
What is the unemployment rate in Lake Valley?
The unemployment rate in Lake Valley is 17.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Valley?
58.4% of adults in Lake Valley 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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