Living in Los Chaves, New Mexico
Cost of living, income, home prices, rent and demographics of Los Chaves · Census data 2020–2024
Los Chaves has 4,838 residents with a median age of 49.9. The median household income is $79,662 (24% higher than the New Mexico median), the median home value is $285,700, the median rent is $833/month.
Los Chaves at a glance
- Population
- 4,838
- Median age
- 49.9State: 39.4
- Median household income
- $79,662State: $64,059
- Median home value
- $285,700State: $248,100
- Median rent
- $833/moState: $1,067
- Homeowners
- 93.3%
- Bachelor's degree or higher
- 33.6%
- Average commute
- 27 min
Is Los Chaves a good place to live?
Pros: Median household income 24% higher than the New Mexico median; unemployment of 1.6%.
Cons: Home values 15% higher than the state median; an average commute of 27 minutes; a poverty rate of 24.8%.
The weather is best in April–May and September–October.
Cost of living in Los Chaves
Housing is the biggest part of the cost of living. In Los Chaves the median home value is $285,700, 14% lower than the U.S. median. Renters pay a median of $833 per month, which is 42.8% of household income. Homeowners with a mortgage pay $1,709 a month in housing costs.
Los Chaves median household income
The median household income in Los Chaves is $79,662 and the income per person is $51,102. 24.8% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Los Chaves: homes for sale and rent
- Housing units
- 2,089
- Owner-occupied
- 93.3%
- Renter-occupied
- 6.7%
- Vacant
- 17.1%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.79
Los Chaves demographics
- Population
- 4,838
- Median age
- 49.9
- Under 18
- 15.4%
- 65 and older
- 22.3%
- Households
- 1,732
- Foreign-born
- 1.2%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Los Chaves ›
Education in Los Chaves
33.6% of adults 25 and older in Los Chaves have a bachelor's degree or higher (New Mexico: 31%), and 22.6% have a graduate or professional degree.
Jobs and commute in Los Chaves
- Unemployment rate
- 1.6%State: 6%
- Average commute
- 27 minState: 24 min
- Work from home
- 10.2%
- Drive alone
- 77.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.8%
Los Chaves vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Los Chaves | 4,838 | $79,662 | $285,700 | $833 |
| Tome | 1,723 | $85,448 | $269,300 | $1,385 |
| Adelino | 686 | $110,391 | $222,000 | — |
| Belen | 7,450 | $42,627 | $166,100 | $916 |
| Sausal | 602 | $65,071 | $254,800 | — |
| El Cerro | 2,923 | $106,136 | $311,500 | $723 |
| Los Lunas | 18,618 | $62,330 | $262,900 | $1,110 |
| Las Maravillas | 1,594 | $63,375 | $230,000 | — |
| Monterey Park | 667 | $28,162 | $56,300 | — |
More for people moving to Los Chaves
Los Chaves ZIP code ›Weather and climate ›Living in Los Chaves: FAQ
What is the median household income in Los Chaves, NM?
The median household income in Los Chaves is $79,662, 24% 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 Los Chaves?
The median home value in Los Chaves is $285,700, compared with $248,100 in New Mexico.
How much is rent in Los Chaves?
The median gross rent in Los Chaves is $833 per month, about 42.8% of household income.
Is Los Chaves, NM a good place to live?
Pluses: median household income 24% higher than the New Mexico median; unemployment of 1.6%. Minuses: home values 15% higher than the state median; an average commute of 27 minutes; a poverty rate of 24.8%.
What is the median age in Los Chaves?
The median age in Los Chaves is 49.9 years (New Mexico: 39.4).
How long is the commute in Los Chaves?
The average commute to work in Los Chaves is 27 minutes; 10.2% of workers work from home.
What is the unemployment rate in Los Chaves?
The unemployment rate in Los Chaves is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Los Chaves?
33.6% of adults in Los Chaves 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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