Living in South Valley, New Mexico
Cost of living, income, home prices, rent and demographics of South Valley · Census data 2020–2024
South Valley has 37,120 residents with a median age of 41.7. The median household income is $58,224 (9% lower than the New Mexico median), the median home value is $224,300, the median rent is $954/month.
South Valley at a glance
- Population
- 37,120
- Median age
- 41.7State: 39.4
- Median household income
- $58,224State: $64,059
- Median home value
- $224,300State: $248,100
- Median rent
- $954/moState: $1,067
- Homeowners
- 74.4%
- Bachelor's degree or higher
- 15.1%
- Average commute
- 26 min
Is South Valley a good place to live?
Pros: Home values 10% lower than the state median; unemployment of 4.3%.
Cons: Median household income 9% lower than the New Mexico median; an average commute of 26 minutes; a poverty rate of 18.5%.
The weather is best in April–May and September–October.
Cost of living in South Valley
Housing is the biggest part of the cost of living. In South Valley the median home value is $224,300, 33% lower than the U.S. median. Renters pay a median of $954 per month, which is 28.6% of household income. Homeowners with a mortgage pay $1,363 a month in housing costs.
South Valley median household income
The median household income in South Valley is $58,224 and the income per person is $29,017. 18.5% of residents live below the poverty line (New Mexico: 17.8%).
Housing in South Valley: homes for sale and rent
- Housing units
- 14,132
- Owner-occupied
- 74.4%
- Renter-occupied
- 25.6%
- Vacant
- 6.7%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.76
South Valley demographics
- Population
- 37,120
- Median age
- 41.7
- Under 18
- 20.6%
- 65 and older
- 19.2%
- Households
- 13,186
- Foreign-born
- 16.2%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of South Valley ›
Education in South Valley
15.1% of adults 25 and older in South Valley have a bachelor's degree or higher (New Mexico: 31%), and 6.5% have a graduate or professional degree.
Jobs and commute in South Valley
- Unemployment rate
- 4.3%State: 6%
- Average commute
- 26 minState: 24 min
- Work from home
- 8.3%
- Drive alone
- 76%
- Public transit
- 0.1%
- Walk to work
- 1.1%
- Homes with broadband
- 81.1%
South Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| South Valley | 37,120 | $58,224 | $224,300 | $954 |
| Albuquerque | 562,218 | $68,317 | $291,500 | $1,145 |
| Kirtland AFB | 3,413 | $84,884 | — | $1,794 |
| Chical | 141 | $85,714 | $334,000 | — |
| Bosque Farms | 4,071 | $82,188 | $293,100 | $897 |
| Los Ranchos de Albuquerque | 5,857 | $72,992 | $492,400 | $1,061 |
| North Valley | 10,455 | $61,498 | $302,700 | $893 |
| Peralta | 3,404 | $73,131 | $299,200 | $1,246 |
| Paradise Hills | 4,591 | $73,295 | $254,600 | $1,361 |
More for people moving to South Valley
South Valley ZIP code ›Weather and climate ›Living in South Valley: FAQ
What is the median household income in South Valley, NM?
The median household income in South Valley is $58,224, 9% 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 South Valley?
The median home value in South Valley is $224,300, compared with $248,100 in New Mexico.
How much is rent in South Valley?
The median gross rent in South Valley is $954 per month, about 28.6% of household income.
Is South Valley, NM a good place to live?
Pluses: home values 10% lower than the state median; unemployment of 4.3%. Minuses: median household income 9% lower than the New Mexico median; an average commute of 26 minutes; a poverty rate of 18.5%.
What is the median age in South Valley?
The median age in South Valley is 41.7 years (New Mexico: 39.4).
How long is the commute in South Valley?
The average commute to work in South Valley is 26 minutes; 8.3% of workers work from home.
What is the unemployment rate in South Valley?
The unemployment rate in South Valley is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is South Valley?
15.1% of adults in South Valley 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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