Living in Valencia, New Mexico
Cost of living, income, home prices, rent and demographics of Valencia · Census data 2020–2024
Valencia has 2,406 residents with a median age of 35. The median household income is $55,170 (14% lower than the New Mexico median), the median home value is $262,900, the median rent is $668/month.
Valencia at a glance
- Population
- 2,406
- Median age
- 35State: 39.4
- Median household income
- $55,170State: $64,059
- Median home value
- $262,900State: $248,100
- Median rent
- $668/moState: $1,067
- Homeowners
- 91.2%
- Bachelor's degree or higher
- 15.1%
- Average commute
- 30 min
Is Valencia a good place to live?
Cons: Median household income 14% lower than the New Mexico median; home values 6% higher than the state median; an average commute of 30 minutes; unemployment of 7.8%; a poverty rate of 29.4%.
The weather is best in April–May and September–October.
Cost of living in Valencia
Housing is the biggest part of the cost of living. In Valencia the median home value is $262,900, 21% lower than the U.S. median. Renters pay a median of $668 per month, which is 16% of household income. Homeowners with a mortgage pay $1,182 a month in housing costs.
Valencia median household income
The median household income in Valencia is $55,170 and the income per person is $26,273. 29.4% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Valencia: homes for sale and rent
- Housing units
- 1,068
- Owner-occupied
- 91.2%
- Renter-occupied
- 8.8%
- Vacant
- 14.1%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.62
Valencia demographics
- Population
- 2,406
- Median age
- 35
- Under 18
- 22.7%
- 65 and older
- 19.3%
- Households
- 917
- Foreign-born
- 3.9%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Valencia ›
Education in Valencia
15.1% of adults 25 and older in Valencia have a bachelor's degree or higher (New Mexico: 31%), and 7.1% have a graduate or professional degree.
Jobs and commute in Valencia
- Unemployment rate
- 7.8%State: 6%
- Average commute
- 30 minState: 24 min
- Work from home
- 4.1%
- Drive alone
- 82.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.7%
Valencia vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Valencia | 2,406 | $55,170 | $262,900 | $668 |
| Peralta | 3,404 | $73,131 | $299,200 | $1,246 |
| El Cerro | 2,923 | $106,136 | $311,500 | $723 |
| Bosque Farms | 4,071 | $82,188 | $293,100 | $897 |
| El Cerro Mission | 5,323 | $49,470 | $115,300 | — |
| Monterey Park | 667 | $28,162 | $56,300 | — |
| Chical | 141 | $85,714 | $334,000 | — |
| Las Maravillas | 1,594 | $63,375 | $230,000 | — |
| Tome | 1,723 | $85,448 | $269,300 | $1,385 |
More for people moving to Valencia
Valencia ZIP code ›Weather and climate ›Living in Valencia: FAQ
What is the median household income in Valencia, NM?
The median household income in Valencia is $55,170, 14% 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 Valencia?
The median home value in Valencia is $262,900, compared with $248,100 in New Mexico.
How much is rent in Valencia?
The median gross rent in Valencia is $668 per month, about 16% of household income.
Is Valencia, NM a good place to live?
Minuses: median household income 14% lower than the New Mexico median; home values 6% higher than the state median; an average commute of 30 minutes; unemployment of 7.8%; a poverty rate of 29.4%.
What is the median age in Valencia?
The median age in Valencia is 35 years (New Mexico: 39.4).
How long is the commute in Valencia?
The average commute to work in Valencia is 30 minutes; 4.1% of workers work from home.
What is the unemployment rate in Valencia?
The unemployment rate in Valencia is 7.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Valencia?
15.1% of adults in Valencia 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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