Living in Madrone, New Mexico
Cost of living, income, home prices, rent and demographics of Madrone · Census data 2020–2024
Madrone has 295 residents with a median age of 58.7. The median household income is $18,704 (71% lower than the New Mexico median), the median home value is $49,800, the median rent is $1,153/month.
Madrone is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madrone at a glance
- Population
- 295
- Median age
- 58.7State: 39.4
- Median household income
- $18,704State: $64,059
- Median home value
- $49,800State: $248,100
- Median rent
- $1,153/moState: $1,067
- Homeowners
- 88.3%
- Bachelor's degree or higher
- 0%
- Average commute
- 58 min
Is Madrone a good place to live?
Pros: Home values 80% lower than the state median.
Cons: Median household income 71% lower than the New Mexico median; an average commute of 58 minutes; unemployment of 6.2%; a poverty rate of 35.3%.
The weather is best in April–May and September–October.
Cost of living in Madrone
Housing is the biggest part of the cost of living. In Madrone the median home value is $49,800, 85% lower than the U.S. median. Renters pay a median of $1,153 per month. Homeowners with a mortgage pay $650 a month in housing costs.
Madrone median household income
The median household income in Madrone is $18,704 and the income per person is $17,076. 35.3% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Madrone: homes for sale and rent
- Housing units
- 176
- Owner-occupied
- 88.3%
- Renter-occupied
- 11.7%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 1.82
Madrone demographics
- Population
- 295
- Median age
- 58.7
- Under 18
- 16.9%
- 65 and older
- 26.4%
- Households
- 162
- Foreign-born
- 23.4%
- Veterans
- 2.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Madrone ›
Education in Madrone
0% of adults 25 and older in Madrone have a bachelor's degree or higher (New Mexico: 31%), and 0% have a graduate or professional degree.
Jobs and commute in Madrone
- Unemployment rate
- 6.2%State: 6%
- Average commute
- 58 minState: 24 min
- Work from home
- 12.1%
- Drive alone
- 58.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.6%
Madrone vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madrone | 295 | $18,704 | $49,800 | $1,153 |
| Casa Colorada | 351 | $47,310 | $235,400 | — |
| Jarales | 2,144 | $55,676 | — | $623 |
| Pueblitos | 595 | $43,466 | $116,700 | — |
| Rio Communities | 4,925 | $46,035 | $205,900 | $1,055 |
| Veguita | 157 | $11,354 | — | — |
| Sausal | 602 | $65,071 | $254,800 | — |
| Adelino | 686 | $110,391 | $222,000 | — |
| Los Chaves | 4,838 | $79,662 | $285,700 | $833 |
More for people moving to Madrone
Madrone ZIP code ›Weather and climate ›Living in Madrone: FAQ
What is the median household income in Madrone, NM?
The median household income in Madrone is $18,704, 71% 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 Madrone?
The median home value in Madrone is $49,800, compared with $248,100 in New Mexico.
How much is rent in Madrone?
The median gross rent in Madrone is $1,153 per month.
Is Madrone, NM a good place to live?
Pluses: home values 80% lower than the state median. Minuses: median household income 71% lower than the New Mexico median; an average commute of 58 minutes; unemployment of 6.2%; a poverty rate of 35.3%.
What is the median age in Madrone?
The median age in Madrone is 58.7 years (New Mexico: 39.4).
How long is the commute in Madrone?
The average commute to work in Madrone is 58 minutes; 12.1% of workers work from home.
What is the unemployment rate in Madrone?
The unemployment rate in Madrone is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madrone?
0% of adults in Madrone 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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