Living in Midway, New Mexico
Cost of living, income, home prices, rent and demographics of Midway · Census data 2020–2024
Midway has 541 residents with a median age of 55. The median household income is $44,258 (31% lower than the New Mexico median), the median home value is $178,400.
Midway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Midway at a glance
- Population
- 541
- Median age
- 55State: 39.4
- Median household income
- $44,258State: $64,059
- Median home value
- $178,400State: $248,100
- Homeowners
- 73.7%
- Bachelor's degree or higher
- 11.8%
- Average commute
- 24 min
Is Midway a good place to live?
Pros: Home values 28% lower than the state median.
Cons: Median household income 31% lower than the New Mexico median; an average commute of 24 minutes; a poverty rate of 20.7%.
The weather is best in March to May and October.
Cost of living in Midway
Housing is the biggest part of the cost of living. In Midway the median home value is $178,400, 46% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Midway median household income
The median household income in Midway is $44,258 and the income per person is $25,622. 20.7% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Midway: homes for sale and rent
- Housing units
- 331
- Owner-occupied
- 73.7%
- Renter-occupied
- 26.3%
- Vacant
- 25.4%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.19
Midway demographics
- Population
- 541
- Median age
- 55
- Under 18
- 8.3%
- 65 and older
- 37.7%
- Households
- 247
- Foreign-born
- 9.1%
- Veterans
- 1%Adults 18+
Hispanic or Latino can be of any race. Population history of Midway ›
Education in Midway
11.8% of adults 25 and older in Midway have a bachelor's degree or higher (New Mexico: 31%), and 0% have a graduate or professional degree.
Jobs and commute in Midway
- Unemployment rate
- 0%State: 6%
- Average commute
- 24 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 70.4%
Midway vs nearby towns
More for people moving to Midway
Midway ZIP code ›Weather and climate ›Living in Midway: FAQ
What is the median household income in Midway, NM?
The median household income in Midway is $44,258, 31% 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 Midway?
The median home value in Midway is $178,400, compared with $248,100 in New Mexico.
Is Midway, NM a good place to live?
Pluses: home values 28% lower than the state median. Minuses: median household income 31% lower than the New Mexico median; an average commute of 24 minutes; a poverty rate of 20.7%.
What is the median age in Midway?
The median age in Midway is 55 years (New Mexico: 39.4).
How long is the commute in Midway?
The average commute to work in Midway is 24 minutes; 0% of workers work from home.
What is the unemployment rate in Midway?
The unemployment rate in Midway is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Midway?
11.8% of adults in Midway 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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