Living in Peak Place, New Mexico
Cost of living, income, home prices, rent and demographics of Peak Place · Census data 2020–2024
Peak Place has 427 residents with a median age of 28.6. The median household income is $40,938 (36% lower than the New Mexico median), the median home value is $13,800, the median rent is $483/month.
Peak Place is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Peak Place at a glance
- Population
- 427
- Median age
- 28.6State: 39.4
- Median household income
- $40,938State: $64,059
- Median home value
- $13,800State: $248,100
- Median rent
- $483/moState: $1,067
- Homeowners
- 93.3%
- Bachelor's degree or higher
- 17.8%
- Average commute
- 22 min
Is Peak Place a good place to live?
Pros: Home values 94% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 36% lower than the New Mexico median; unemployment of 9.2%; a poverty rate of 32.6%.
The weather is best in May–June and August–September.
Cost of living in Peak Place
Housing is the biggest part of the cost of living. In Peak Place the median home value is $13,800, 96% lower than the U.S. median. Renters pay a median of $483 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,500 a month in housing costs.
Peak Place median household income
The median household income in Peak Place is $40,938 and the income per person is $17,118. 32.6% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Peak Place: homes for sale and rent
- Housing units
- 119
- Owner-occupied
- 93.3%
- Renter-occupied
- 6.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 3.59
Peak Place demographics
- Population
- 427
- Median age
- 28.6
- Under 18
- 40%
- 65 and older
- 5.2%
- Households
- 119
- Foreign-born
- 20.4%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Peak Place ›
Education in Peak Place
17.8% of adults 25 and older in Peak Place have a bachelor's degree or higher (New Mexico: 31%), and 3.9% have a graduate or professional degree.
Jobs and commute in Peak Place
- Unemployment rate
- 9.2%State: 6%
- Average commute
- 22 minState: 24 min
- Work from home
- 3.8%
- Drive alone
- 83.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.9%
Peak Place vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peak Place | 427 | $40,938 | $13,800 | $483 |
| Chupadero | 334 | $101,094 | $1,030,500 | — |
| Tesuque Pueblo | 325 | $78,214 | $95,000 | $494 |
| Tesuque | 1,079 | $55,865 | $849,300 | $1,141 |
| Tano Road | 1,586 | $183,162 | $1,133,900 | — |
| Cuyamungue Grant | 376 | $77,639 | $398,300 | — |
| La Tierra | 315 | $246,008 | $2,000,001 | — |
| Cuyamungue | 509 | $76,458 | $364,100 | $950 |
| Hyde Park | 189 | $194,464 | $1,375,000 | — |
More for people moving to Peak Place
Peak Place ZIP code ›Weather and climate ›Living in Peak Place: FAQ
What is the median household income in Peak Place, NM?
The median household income in Peak Place is $40,938, 36% 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 Peak Place?
The median home value in Peak Place is $13,800, compared with $248,100 in New Mexico.
How much is rent in Peak Place?
The median gross rent in Peak Place is $483 per month, about 22.5% of household income.
Is Peak Place, NM a good place to live?
Pluses: home values 94% lower than the state median; an average commute of 22 minutes. Minuses: median household income 36% lower than the New Mexico median; unemployment of 9.2%; a poverty rate of 32.6%.
What is the median age in Peak Place?
The median age in Peak Place is 28.6 years (New Mexico: 39.4).
How long is the commute in Peak Place?
The average commute to work in Peak Place is 22 minutes; 3.8% of workers work from home.
What is the unemployment rate in Peak Place?
The unemployment rate in Peak Place is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peak Place?
17.8% of adults in Peak Place 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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