Living in Velarde, New Mexico
Cost of living, income, home prices, rent and demographics of Velarde · Census data 2020–2024
Velarde has 229 residents with a median age of 70.1. The median household income is $97,776 (53% higher than the New Mexico median), the median home value is $234,100.
Velarde is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Velarde at a glance
- Population
- 229
- Median age
- 70.1State: 39.4
- Median household income
- $97,776State: $64,059
- Median home value
- $234,100State: $248,100
- Homeowners
- 61.6%
- Bachelor's degree or higher
- 41.5%
- Average commute
- 37 min
Is Velarde a good place to live?
Pros: Median household income 53% higher than the New Mexico median; home values 6% lower than the state median.
Cons: An average commute of 37 minutes.
The weather is best in May–June and September–October.
Cost of living in Velarde
Housing is the biggest part of the cost of living. In Velarde the median home value is $234,100, 30% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Velarde median household income
The median household income in Velarde is $97,776 and the income per person is $85,655. 0% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Velarde: homes for sale and rent
- Housing units
- 277
- Owner-occupied
- 61.6%
- Renter-occupied
- 38.4%
- Vacant
- 17.3%Includes seasonal homes
- Median year built
- 1976
Velarde demographics
- Population
- 229
- Median age
- 70.1
- Under 18
- 0%
- 65 and older
- 53.7%
- Households
- 229
- Foreign-born
- 7.9%
- Veterans
- 53.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Velarde ›
Education in Velarde
41.5% of adults 25 and older in Velarde have a bachelor's degree or higher (New Mexico: 31%), and 33.6% have a graduate or professional degree.
Jobs and commute in Velarde
- Unemployment rate
- 0%State: 6%
- Average commute
- 37 minState: 24 min
- Work from home
- 0%
- Drive alone
- 57.9%
- Public transit
- 42.1%
- Walk to work
- 0%
- Homes with broadband
- 66.4%
Velarde vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Velarde | 229 | $97,776 | $234,100 | — |
| Dixon | 1,623 | $54,231 | $392,700 | — |
| La Villita | 1,534 | $104,162 | $253,500 | — |
| Alcalde | 285 | $48,000 | $250,000 | $1,425 |
| Ohkay Owingeh | 1,194 | $47,067 | — | $719 |
| Chamita | 867 | $68,472 | $222,300 | $938 |
| Ojo Sarco | 112 | $13,292 | $63,200 | — |
| Chimayo | 2,390 | $56,484 | $227,500 | $873 |
| Hernandez | 769 | $26,923 | $148,200 | $894 |
More for people moving to Velarde
Velarde ZIP code ›Weather and climate ›Living in Velarde: FAQ
What is the median household income in Velarde, NM?
The median household income in Velarde is $97,776, 53% 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 Velarde?
The median home value in Velarde is $234,100, compared with $248,100 in New Mexico.
Is Velarde, NM a good place to live?
Pluses: median household income 53% higher than the New Mexico median; home values 6% lower than the state median. Minuses: an average commute of 37 minutes.
What is the median age in Velarde?
The median age in Velarde is 70.1 years (New Mexico: 39.4).
How long is the commute in Velarde?
The average commute to work in Velarde is 37 minutes; 0% of workers work from home.
What is the unemployment rate in Velarde?
The unemployment rate in Velarde is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Velarde?
41.5% of adults in Velarde 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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