Living in Meadow Lake, New Mexico
Cost of living, income, home prices, rent and demographics of Meadow Lake · Census data 2020–2024
Meadow Lake has 4,259 residents with a median age of 39.4. The median household income is $43,649 (32% lower than the New Mexico median), the median home value is $77,900, the median rent is $908/month.
Meadow Lake at a glance
- Population
- 4,259
- Median age
- 39.4State: 39.4
- Median household income
- $43,649State: $64,059
- Median home value
- $77,900State: $248,100
- Median rent
- $908/moState: $1,067
- Homeowners
- 82.8%
- Bachelor's degree or higher
- 12.5%
- Average commute
- 41 min
Is Meadow Lake a good place to live?
Pros: Home values 69% lower than the state median; unemployment of 4.8%.
Cons: Median household income 32% lower than the New Mexico median; an average commute of 41 minutes; a poverty rate of 20.6%.
The weather is best in April–May and September–October.
Cost of living in Meadow Lake
Housing is the biggest part of the cost of living. In Meadow Lake the median home value is $77,900, 77% lower than the U.S. median. Renters pay a median of $908 per month, which is 48.5% of household income. Homeowners with a mortgage pay $1,182 a month in housing costs.
Meadow Lake median household income
The median household income in Meadow Lake is $43,649 and the income per person is $17,249. 20.6% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Meadow Lake: homes for sale and rent
- Housing units
- 1,620
- Owner-occupied
- 82.8%
- Renter-occupied
- 17.2%
- Vacant
- 15.3%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 3.10
Meadow Lake demographics
- Population
- 4,259
- Median age
- 39.4
- Under 18
- 29.9%
- 65 and older
- 11.1%
- Households
- 1,372
- Foreign-born
- 27.8%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Meadow Lake ›
Education in Meadow Lake
12.5% of adults 25 and older in Meadow Lake have a bachelor's degree or higher (New Mexico: 31%), and 2.1% have a graduate or professional degree.
Jobs and commute in Meadow Lake
- Unemployment rate
- 4.8%State: 6%
- Average commute
- 41 minState: 24 min
- Work from home
- 11.2%
- Drive alone
- 66.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 74.9%
Meadow Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Meadow Lake | 4,259 | $43,649 | $77,900 | $908 |
| El Cerro Mission | 5,323 | $49,470 | $115,300 | — |
| Monterey Park | 667 | $28,162 | $56,300 | — |
| Valencia | 2,406 | $55,170 | $262,900 | $668 |
| Peralta | 3,404 | $73,131 | $299,200 | $1,246 |
| Chical | 141 | $85,714 | $334,000 | — |
| Las Maravillas | 1,594 | $63,375 | $230,000 | — |
| El Cerro | 2,923 | $106,136 | $311,500 | $723 |
| Bosque Farms | 4,071 | $82,188 | $293,100 | $897 |
More for people moving to Meadow Lake
Meadow Lake ZIP code ›Weather and climate ›Living in Meadow Lake: FAQ
What is the median household income in Meadow Lake, NM?
The median household income in Meadow Lake is $43,649, 32% 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 Meadow Lake?
The median home value in Meadow Lake is $77,900, compared with $248,100 in New Mexico.
How much is rent in Meadow Lake?
The median gross rent in Meadow Lake is $908 per month, about 48.5% of household income.
Is Meadow Lake, NM a good place to live?
Pluses: home values 69% lower than the state median; unemployment of 4.8%. Minuses: median household income 32% lower than the New Mexico median; an average commute of 41 minutes; a poverty rate of 20.6%.
What is the median age in Meadow Lake?
The median age in Meadow Lake is 39.4 years (New Mexico: 39.4).
How long is the commute in Meadow Lake?
The average commute to work in Meadow Lake is 41 minutes; 11.2% of workers work from home.
What is the unemployment rate in Meadow Lake?
The unemployment rate in Meadow Lake is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Meadow Lake?
12.5% of adults in Meadow Lake 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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