Living in Maxwell, New Mexico
Cost of living, income, home prices, rent and demographics of Maxwell · Census data 2020–2024
Maxwell has 331 residents with a median age of 29.3. The median household income is $31,667 (51% lower than the New Mexico median), the median home value is $79,300, the median rent is $605/month.
Maxwell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Maxwell at a glance
- Population
- 331
- Median age
- 29.3State: 39.4
- Median household income
- $31,667State: $64,059
- Median home value
- $79,300State: $248,100
- Median rent
- $605/moState: $1,067
- Homeowners
- 66.4%
- Bachelor's degree or higher
- 8.7%
- Average commute
- 23 min
Is Maxwell a good place to live?
Pros: Home values 68% lower than the state median; an average commute of 23 minutes; a poverty rate of 10.9%.
Cons: Median household income 51% lower than the New Mexico median.
The weather is best in May–June and September–October.
Cost of living in Maxwell
Housing is the biggest part of the cost of living. In Maxwell the median home value is $79,300, 76% lower than the U.S. median. Renters pay a median of $605 per month, which is 21.1% of household income. Homeowners with a mortgage pay $958 a month in housing costs.
Maxwell median household income
The median household income in Maxwell is $31,667 and the income per person is $16,570. 10.9% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Maxwell: homes for sale and rent
- Housing units
- 167
- Owner-occupied
- 66.4%
- Renter-occupied
- 33.6%
- Vacant
- 26.9%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.71
Maxwell demographics
- Population
- 331
- Median age
- 29.3
- Under 18
- 39.3%
- 65 and older
- 19%
- Households
- 122
- Foreign-born
- 0%
- Veterans
- 11.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Maxwell ›
Education in Maxwell
8.7% of adults 25 and older in Maxwell have a bachelor's degree or higher (New Mexico: 31%), and 4.3% have a graduate or professional degree.
Jobs and commute in Maxwell
- Unemployment rate
- 0%State: 6%
- Average commute
- 23 minState: 24 min
- Work from home
- 17.3%
- Drive alone
- 63%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 77.9%
Maxwell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Maxwell | 331 | $31,667 | $79,300 | $605 |
| Springer | 1,017 | $50,345 | $87,000 | $501 |
| Cimarron | 701 | $41,324 | $126,600 | $625 |
| Raton | 6,026 | $52,641 | $134,300 | $741 |
| Wagon Mound | 557 | $43,672 | — | $769 |
| Eagle Nest | 451 | $57,692 | $301,200 | $894 |
| Starkville | 102 | $67,727 | $95,000 | $1,092 |
| Angel Fire | 1,111 | $107,554 | $546,800 | $1,052 |
| Segundo | 143 | $79,141 | $160,700 | — |
More for people moving to Maxwell
Maxwell ZIP code ›Weather and climate ›Living in Maxwell: FAQ
What is the median household income in Maxwell, NM?
The median household income in Maxwell is $31,667, 51% 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 Maxwell?
The median home value in Maxwell is $79,300, compared with $248,100 in New Mexico.
How much is rent in Maxwell?
The median gross rent in Maxwell is $605 per month, about 21.1% of household income.
Is Maxwell, NM a good place to live?
Pluses: home values 68% lower than the state median; an average commute of 23 minutes; a poverty rate of 10.9%. Minuses: median household income 51% lower than the New Mexico median.
What is the median age in Maxwell?
The median age in Maxwell is 29.3 years (New Mexico: 39.4).
How long is the commute in Maxwell?
The average commute to work in Maxwell is 23 minutes; 17.3% of workers work from home.
What is the unemployment rate in Maxwell?
The unemployment rate in Maxwell is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Maxwell?
8.7% of adults in Maxwell 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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