Living in Tatum, New Mexico
Cost of living, income, home prices, rent and demographics of Tatum · Census data 2020–2024
Tatum has 598 residents with a median age of 34.7. The median home value is $111,200, the median rent is $943/month.
Tatum is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Tatum at a glance
- Population
- 598
- Median age
- 34.7State: 39.4
- Median home value
- $111,200State: $248,100
- Median rent
- $943/moState: $1,067
- Homeowners
- 74.8%
- Bachelor's degree or higher
- 22.4%
- Average commute
- 32 min
Is Tatum a good place to live?
Pros: Home values 55% lower than the state median.
Cons: An average commute of 32 minutes; a poverty rate of 20.4%.
The weather is best in March to May and October.
Cost of living in Tatum
Housing is the biggest part of the cost of living. In Tatum the median home value is $111,200, 67% lower than the U.S. median. Renters pay a median of $943 per month, which is 51% of household income. Homeowners with a mortgage pay $1,681 a month in housing costs.
Housing in Tatum: homes for sale and rent
- Housing units
- 347
- Owner-occupied
- 74.8%
- Renter-occupied
- 25.2%
- Vacant
- 16.4%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.06
Tatum demographics
- Population
- 598
- Median age
- 34.7
- Under 18
- 18.6%
- 65 and older
- 17.6%
- Households
- 290
- Foreign-born
- 11.4%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Tatum ›
Education in Tatum
22.4% of adults 25 and older in Tatum have a bachelor's degree or higher (New Mexico: 31%), and 2.2% have a graduate or professional degree.
Jobs and commute in Tatum
- Unemployment rate
- 0%State: 6%
- Average commute
- 32 minState: 24 min
- Work from home
- 0%
- Drive alone
- 69.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.4%
Tatum vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tatum | 598 | — | $111,200 | $943 |
| Lovington | 11,498 | $68,821 | $166,100 | $1,014 |
| Plains | 1,235 | $76,985 | $133,300 | $864 |
| Bledsoe | 130 | $27,375 | — | — |
| Denver City | 4,368 | $85,250 | $172,800 | $1,030 |
| North Hobbs | 6,034 | $82,554 | $264,400 | $1,319 |
| Hobbs | 40,252 | $64,021 | $191,300 | $1,112 |
| Morton | 1,513 | $38,438 | $42,600 | $687 |
| Nadine | 271 | $120,074 | $221,000 | — |
More for people moving to Tatum
Tatum ZIP code ›Weather and climate ›Living in Tatum: FAQ
What is the average home price in Tatum?
The median home value in Tatum is $111,200, compared with $248,100 in New Mexico.
How much is rent in Tatum?
The median gross rent in Tatum is $943 per month, about 51% of household income.
Is Tatum, NM a good place to live?
Pluses: home values 55% lower than the state median. Minuses: an average commute of 32 minutes; a poverty rate of 20.4%.
What is the median age in Tatum?
The median age in Tatum is 34.7 years (New Mexico: 39.4).
How long is the commute in Tatum?
The average commute to work in Tatum is 32 minutes; 0% of workers work from home.
What is the unemployment rate in Tatum?
The unemployment rate in Tatum is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tatum?
22.4% of adults in Tatum 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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