Living in Placitas, New Mexico
Cost of living, income, home prices, rent and demographics of Placitas · Census data 2020–2024
Placitas has 4,223 residents with a median age of 64.8. The median household income is $109,750 (71% higher than the New Mexico median), the median home value is $562,100, the median rent is $2,717/month.
Placitas at a glance
- Population
- 4,223
- Median age
- 64.8State: 39.4
- Median household income
- $109,750State: $64,059
- Median home value
- $562,100State: $248,100
- Median rent
- $2,717/moState: $1,067
- Homeowners
- 93.9%
- Bachelor's degree or higher
- 65.5%
- Average commute
- 31 min
Is Placitas a good place to live?
Pros: Median household income 71% higher than the New Mexico median; unemployment of 3.5%; a poverty rate of 3.2%.
Cons: Home values 127% higher than the state median; an average commute of 31 minutes.
The weather is best in April–May and September–October.
Cost of living in Placitas
Housing is the biggest part of the cost of living. In Placitas the median home value is $562,100, 69% higher than the U.S. median. Renters pay a median of $2,717 per month, which is 24.4% of household income. Homeowners with a mortgage pay $2,318 a month in housing costs.
Placitas median household income
The median household income in Placitas is $109,750 and the income per person is $71,431. 3.2% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Placitas: homes for sale and rent
- Housing units
- 2,383
- Owner-occupied
- 93.9%
- Renter-occupied
- 6.1%
- Vacant
- 9.4%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 1.96
Placitas demographics
- Population
- 4,223
- Median age
- 64.8
- Under 18
- 5.4%
- 65 and older
- 49.5%
- Households
- 2,160
- Foreign-born
- 6%
- Veterans
- 13.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Placitas ›
Education in Placitas
65.5% of adults 25 and older in Placitas have a bachelor's degree or higher (New Mexico: 31%), and 33% have a graduate or professional degree.
Jobs and commute in Placitas
- Unemployment rate
- 3.5%State: 6%
- Average commute
- 31 minState: 24 min
- Work from home
- 37.7%
- Drive alone
- 56.6%
- Public transit
- 0.4%
- Walk to work
- 1.1%
- Homes with broadband
- 93.7%
Placitas vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Placitas | 4,223 | $109,750 | $562,100 | $2,717 |
| Algodones | 1,479 | $67,994 | $234,800 | — |
| Santa Ana Pueblo | 1,026 | $86,250 | $150,000 | — |
| Bernalillo | 9,086 | $63,880 | $255,500 | $902 |
| Pueblo of Sandia Village | 416 | $30,625 | $225,800 | — |
| La Madera | 532 | $160,417 | $762,900 | — |
| Paa-Ko | 743 | $230,804 | $714,700 | — |
| Sandia Heights | 3,160 | $143,646 | $670,100 | $3,050 |
| Edith Enclave | 185 | $91,875 | $318,800 | $950 |
More for people moving to Placitas
Placitas ZIP code ›Weather and climate ›Living in Placitas: FAQ
What is the median household income in Placitas, NM?
The median household income in Placitas is $109,750, 71% higher 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 Placitas?
The median home value in Placitas is $562,100, compared with $248,100 in New Mexico.
How much is rent in Placitas?
The median gross rent in Placitas is $2,717 per month, about 24.4% of household income.
Is Placitas, NM a good place to live?
Pluses: median household income 71% higher than the New Mexico median; unemployment of 3.5%; a poverty rate of 3.2%. Minuses: home values 127% higher than the state median; an average commute of 31 minutes.
What is the median age in Placitas?
The median age in Placitas is 64.8 years (New Mexico: 39.4).
How long is the commute in Placitas?
The average commute to work in Placitas is 31 minutes; 37.7% of workers work from home.
What is the unemployment rate in Placitas?
The unemployment rate in Placitas is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Placitas?
65.5% of adults in Placitas 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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