Living in Las Vegas, New Mexico
Cost of living, income, home prices, rent and demographics of Las Vegas · Census data 2020–2024
Las Vegas has 13,000 residents with a median age of 43.1. The median household income is $45,125 (30% lower than the New Mexico median), the median home value is $155,300, the median rent is $792/month.
Las Vegas at a glance
- Population
- 13,000
- Median age
- 43.1State: 39.4
- Median household income
- $45,125State: $64,059
- Median home value
- $155,300State: $248,100
- Median rent
- $792/moState: $1,067
- Homeowners
- 57%
- Bachelor's degree or higher
- 28.3%
- Average commute
- 17 min
Is Las Vegas a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 17 minutes; unemployment of 4.8%.
Cons: Median household income 30% lower than the New Mexico median; a poverty rate of 32%.
The weather is best in May–June and August–September.
Cost of living in Las Vegas
Housing is the biggest part of the cost of living. In Las Vegas the median home value is $155,300, 53% lower than the U.S. median. Renters pay a median of $792 per month, which is 33.9% of household income. Homeowners with a mortgage pay $1,404 a month in housing costs.
Las Vegas median household income
The median household income in Las Vegas is $45,125 and the income per person is $26,501. 32% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Las Vegas: homes for sale and rent
- Housing units
- 6,951
- Owner-occupied
- 57%
- Renter-occupied
- 43%
- Vacant
- 14.4%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.02
Las Vegas demographics
- Population
- 13,000
- Median age
- 43.1
- Under 18
- 16.7%
- 65 and older
- 20.5%
- Households
- 5,948
- Foreign-born
- 1.3%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Las Vegas ›
Education in Las Vegas
28.3% of adults 25 and older in Las Vegas have a bachelor's degree or higher (New Mexico: 31%), and 12.3% have a graduate or professional degree.
Jobs and commute in Las Vegas
- Unemployment rate
- 4.8%State: 6%
- Average commute
- 17 minState: 24 min
- Work from home
- 9.3%
- Drive alone
- 73.2%
- Public transit
- 0.1%
- Walk to work
- 2.8%
- Homes with broadband
- 77.9%
Las Vegas vs nearby towns
More for people moving to Las Vegas
Las Vegas ZIP code ›Weather and climate ›Living in Las Vegas: FAQ
What is the median household income in Las Vegas, NM?
The median household income in Las Vegas is $45,125, 30% lower 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 Vegas?
The median home value in Las Vegas is $155,300, compared with $248,100 in New Mexico.
How much is rent in Las Vegas?
The median gross rent in Las Vegas is $792 per month, about 33.9% of household income.
Is Las Vegas, NM a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 17 minutes; unemployment of 4.8%. Minuses: median household income 30% lower than the New Mexico median; a poverty rate of 32%.
What is the median age in Las Vegas?
The median age in Las Vegas is 43.1 years (New Mexico: 39.4).
How long is the commute in Las Vegas?
The average commute to work in Las Vegas is 17 minutes; 9.3% of workers work from home.
What is the unemployment rate in Las Vegas?
The unemployment rate in Las Vegas is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Las Vegas?
28.3% of adults in Las Vegas 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.
Last updated: