Living in Lovington, New Mexico
Cost of living, income, home prices, rent and demographics of Lovington · Census data 2020–2024
Lovington has 11,498 residents with a median age of 32. The median household income is $68,821 (7% higher than the New Mexico median), the median home value is $166,100, the median rent is $1,014/month.
Lovington at a glance
- Population
- 11,498
- Median age
- 32State: 39.4
- Median household income
- $68,821State: $64,059
- Median home value
- $166,100State: $248,100
- Median rent
- $1,014/moState: $1,067
- Homeowners
- 72.9%
- Bachelor's degree or higher
- 8.4%
- Average commute
- 31 min
Is Lovington a good place to live?
Pros: Median household income 7% higher than the New Mexico median; home values 33% lower than the state median.
Cons: An average commute of 31 minutes; unemployment of 7.3%; a poverty rate of 25%.
The weather is best in March to May and October.
Cost of living in Lovington
Housing is the biggest part of the cost of living. In Lovington the median home value is $166,100, 50% lower than the U.S. median. Renters pay a median of $1,014 per month, which is 32.6% of household income. Homeowners with a mortgage pay $1,620 a month in housing costs.
Lovington median household income
The median household income in Lovington is $68,821 and the income per person is $23,727. 25% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Lovington: homes for sale and rent
- Housing units
- 3,908
- Owner-occupied
- 72.9%
- Renter-occupied
- 27.1%
- Vacant
- 12.6%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 3.28
Lovington demographics
- Population
- 11,498
- Median age
- 32
- Under 18
- 32.7%
- 65 and older
- 8.5%
- Households
- 3,415
- Foreign-born
- 19.7%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lovington ›
Education in Lovington
8.4% of adults 25 and older in Lovington have a bachelor's degree or higher (New Mexico: 31%), and 3.3% have a graduate or professional degree.
Jobs and commute in Lovington
- Unemployment rate
- 7.3%State: 6%
- Average commute
- 31 minState: 24 min
- Work from home
- 8.9%
- Drive alone
- 67.1%
- Public transit
- 0.8%
- Walk to work
- 0%
- Homes with broadband
- 89.9%
Lovington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lovington | 11,498 | $68,821 | $166,100 | $1,014 |
| North Hobbs | 6,034 | $82,554 | $264,400 | $1,319 |
| Hobbs | 40,252 | $64,021 | $191,300 | $1,112 |
| Nadine | 271 | $120,074 | $221,000 | — |
| Denver City | 4,368 | $85,250 | $172,800 | $1,030 |
| Plains | 1,235 | $76,985 | $133,300 | $864 |
| Eunice | 3,015 | $49,087 | $139,800 | $721 |
| Seminole | 7,184 | $60,390 | $177,000 | $858 |
| Seagraves | 2,691 | $46,433 | $68,400 | $654 |
More for people moving to Lovington
Lovington ZIP code ›Weather and climate ›Living in Lovington: FAQ
What is the median household income in Lovington, NM?
The median household income in Lovington is $68,821, 7% 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 Lovington?
The median home value in Lovington is $166,100, compared with $248,100 in New Mexico.
How much is rent in Lovington?
The median gross rent in Lovington is $1,014 per month, about 32.6% of household income.
Is Lovington, NM a good place to live?
Pluses: median household income 7% higher than the New Mexico median; home values 33% lower than the state median. Minuses: an average commute of 31 minutes; unemployment of 7.3%; a poverty rate of 25%.
What is the median age in Lovington?
The median age in Lovington is 32 years (New Mexico: 39.4).
How long is the commute in Lovington?
The average commute to work in Lovington is 31 minutes; 8.9% of workers work from home.
What is the unemployment rate in Lovington?
The unemployment rate in Lovington is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lovington?
8.4% of adults in Lovington 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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