Living in Peñasco, New Mexico
Cost of living, income, home prices, rent and demographics of Peñasco · Census data 2020–2024
Peñasco has 546 residents with a median age of 43.8. The median household income is $45,833 (28% lower than the New Mexico median), the median home value is $229,300, the median rent is $963/month.
Peñasco is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Peñasco at a glance
- Population
- 546
- Median age
- 43.8State: 39.4
- Median household income
- $45,833State: $64,059
- Median home value
- $229,300State: $248,100
- Median rent
- $963/moState: $1,067
- Homeowners
- 71.6%
- Bachelor's degree or higher
- 16.4%
- Average commute
- 35 min
Is Peñasco a good place to live?
Pros: Home values 8% lower than the state median; unemployment of 3.6%.
Cons: Median household income 28% lower than the New Mexico median; an average commute of 35 minutes; a poverty rate of 18.9%.
The weather is best in May to July and September.
Cost of living in Peñasco
Housing is the biggest part of the cost of living. In Peñasco the median home value is $229,300, 31% lower than the U.S. median. Renters pay a median of $963 per month, which is 26.8% of household income. Homeowners with a mortgage pay $1,083 a month in housing costs.
Peñasco median household income
The median household income in Peñasco is $45,833 and the income per person is $31,137. 18.9% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Peñasco: homes for sale and rent
- Housing units
- 326
- Owner-occupied
- 71.6%
- Renter-occupied
- 28.4%
- Vacant
- 27.6%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.31
Peñasco demographics
- Population
- 546
- Median age
- 43.8
- Under 18
- 16.5%
- 65 and older
- 21.1%
- Households
- 236
- Foreign-born
- 0.4%
- Veterans
- 10.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Peñasco ›
Education in Peñasco
16.4% of adults 25 and older in Peñasco have a bachelor's degree or higher (New Mexico: 31%), and 6.7% have a graduate or professional degree.
Jobs and commute in Peñasco
- Unemployment rate
- 3.6%State: 6%
- Average commute
- 35 minState: 24 min
- Work from home
- 17.8%
- Drive alone
- 53.1%
- Public transit
- 0.4%
- Walk to work
- 21.6%
- Homes with broadband
- 74.6%
Peñasco vs nearby towns
More for people moving to Peñasco
Peñasco ZIP code ›Weather and climate ›Living in Peñasco: FAQ
What is the median household income in Peñasco, NM?
The median household income in Peñasco is $45,833, 28% 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 Peñasco?
The median home value in Peñasco is $229,300, compared with $248,100 in New Mexico.
How much is rent in Peñasco?
The median gross rent in Peñasco is $963 per month, about 26.8% of household income.
Is Peñasco, NM a good place to live?
Pluses: home values 8% lower than the state median; unemployment of 3.6%. Minuses: median household income 28% lower than the New Mexico median; an average commute of 35 minutes; a poverty rate of 18.9%.
What is the median age in Peñasco?
The median age in Peñasco is 43.8 years (New Mexico: 39.4).
How long is the commute in Peñasco?
The average commute to work in Peñasco is 35 minutes; 17.8% of workers work from home.
What is the unemployment rate in Peñasco?
The unemployment rate in Peñasco is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peñasco?
16.4% of adults in Peñasco 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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