Living in Tyrone, New Mexico
Cost of living, income, home prices, rent and demographics of Tyrone · Census data 2020–2024
Tyrone has 814 residents with a median age of 37.3. The median household income is $47,031 (27% lower than the New Mexico median), the median home value is $166,100.
Tyrone is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Tyrone at a glance
- Population
- 814
- Median age
- 37.3State: 39.4
- Median household income
- $47,031State: $64,059
- Median home value
- $166,100State: $248,100
- Homeowners
- 72.6%
- Bachelor's degree or higher
- 18.7%
Is Tyrone a good place to live?
Pros: Home values 33% lower than the state median; unemployment of 4.5%.
Cons: Median household income 27% lower than the New Mexico median; a poverty rate of 22.9%.
The weather is best in April–May and September–October.
Cost of living in Tyrone
Housing is the biggest part of the cost of living. In Tyrone the median home value is $166,100, 50% lower than the U.S. median. Renters pay a median of — per month, which is 38.5% of household income. Homeowners with a mortgage pay $1,373 a month in housing costs.
Tyrone median household income
The median household income in Tyrone is $47,031 and the income per person is $40,610. 22.9% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Tyrone: homes for sale and rent
- Housing units
- 391
- Owner-occupied
- 72.6%
- Renter-occupied
- 27.4%
- Vacant
- 14.1%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.42
Tyrone demographics
- Population
- 814
- Median age
- 37.3
- Under 18
- 24.7%
- 65 and older
- 16.8%
- Households
- 336
- Foreign-born
- 2.9%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Tyrone ›
Education in Tyrone
18.7% of adults 25 and older in Tyrone have a bachelor's degree or higher (New Mexico: 31%), and 13.2% have a graduate or professional degree.
Jobs and commute in Tyrone
- Unemployment rate
- 4.5%State: 6%
- Average commute
- —State: 24 min
- Work from home
- 4.4%
- Drive alone
- 92.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.1%
Tyrone vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tyrone | 814 | $47,031 | $166,100 | — |
| Silver City | 9,536 | $38,711 | $182,100 | $866 |
| Arenas Valley | 1,247 | $44,300 | $189,900 | — |
| Little Walnut Village | 1,445 | $125,175 | $292,700 | — |
| Hurley | 1,044 | $36,202 | $89,700 | $545 |
| Santa Clara | 1,809 | $57,898 | $141,500 | $543 |
| White Signal | 177 | $96,625 | — | — |
| Bayard | 2,057 | $34,477 | $117,700 | $716 |
| Hanover | 263 | $31,000 | — | — |
More for people moving to Tyrone
Tyrone ZIP code ›Weather and climate ›Living in Tyrone: FAQ
What is the median household income in Tyrone, NM?
The median household income in Tyrone is $47,031, 27% 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 Tyrone?
The median home value in Tyrone is $166,100, compared with $248,100 in New Mexico.
Is Tyrone, NM a good place to live?
Pluses: home values 33% lower than the state median; unemployment of 4.5%. Minuses: median household income 27% lower than the New Mexico median; a poverty rate of 22.9%.
What is the median age in Tyrone?
The median age in Tyrone is 37.3 years (New Mexico: 39.4).
What is the unemployment rate in Tyrone?
The unemployment rate in Tyrone is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tyrone?
18.7% of adults in Tyrone 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.
Last updated: