Living in Las Palomas, New Mexico
Cost of living, income, home prices, rent and demographics of Las Palomas · Census data 2020–2024
Las Palomas has 304 residents with a median age of 65.7. The median household income is $73,864 (15% higher than the New Mexico median), the median home value is $137,500.
Las Palomas is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Las Palomas at a glance
- Population
- 304
- Median age
- 65.7State: 39.4
- Median household income
- $73,864State: $64,059
- Median home value
- $137,500State: $248,100
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 6.3%
Is Las Palomas a good place to live?
Pros: Median household income 15% higher than the New Mexico median; home values 45% lower than the state median.
The weather is best in March–April and October–November.
Cost of living in Las Palomas
Housing is the biggest part of the cost of living. In Las Palomas the median home value is $137,500, 59% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,365 a month in housing costs.
Las Palomas median household income
The median household income in Las Palomas is $73,864 and the income per person is $34,504. 0% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Las Palomas: homes for sale and rent
- Housing units
- 180
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 27.8%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.34
Las Palomas demographics
- Population
- 304
- Median age
- 65.7
- Under 18
- 0%
- 65 and older
- 53.9%
- Households
- 130
- Foreign-born
- 8.9%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Las Palomas ›
Education in Las Palomas
6.3% of adults 25 and older in Las Palomas have a bachelor's degree or higher (New Mexico: 31%), and 0% have a graduate or professional degree.
Jobs and commute in Las Palomas
- Unemployment rate
- 0%State: 6%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 44.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.2%
Las Palomas vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Las Palomas | 304 | $73,864 | $137,500 | — |
| Williamsburg | 466 | $29,250 | $43,600 | $424 |
| Elephant Butte | 1,790 | $53,482 | $176,800 | $1,089 |
| Truth or Consequences | 6,019 | $33,788 | $124,600 | $714 |
| Salem | 916 | $31,386 | $61,500 | — |
| Hatch | 1,588 | $43,486 | $102,800 | $503 |
More for people moving to Las Palomas
Las Palomas ZIP code ›Weather and climate ›Living in Las Palomas: FAQ
What is the median household income in Las Palomas, NM?
The median household income in Las Palomas is $73,864, 15% 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 Las Palomas?
The median home value in Las Palomas is $137,500, compared with $248,100 in New Mexico.
Is Las Palomas, NM a good place to live?
Pluses: median household income 15% higher than the New Mexico median; home values 45% lower than the state median.
What is the median age in Las Palomas?
The median age in Las Palomas is 65.7 years (New Mexico: 39.4).
What is the unemployment rate in Las Palomas?
The unemployment rate in Las Palomas is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Las Palomas?
6.3% of adults in Las Palomas 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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