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Velarde, New Mexico

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
229
Population
$97,776
Median Income
$234,100
Home Value
70.1
Median Age

Demographics

Velarde has a population of 229 with a median age of 70.1. Here is the racial and ethnic breakdown of the population:

Hispanic
100.0%
Demographic Value
Total Population229
Median Age70.1
Hispanic or Latino100.0%
Velarde, New Mexico — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.Hispanic/Latino: 100.0%229PopulationHispanic/LatinoHispanic/Latino100.0%

Income & Economy

The median household income in Velarde is $97,776, which is 21.3% above the national median of $80,610. The per capita income is $85,655.

$97,776
Median Household Income
$85,655
Per Capita Income

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Education

In Velarde, 100.0% of residents age 25+ have a high school diploma or higher, and 41.5% hold a bachelor's degree or higher (33.6% with a graduate or professional degree).

HS Diploma+
100.0%
Bachelor's+
41.5%
Graduate+
33.6%
Education Level % of Adults (25+)
High School Diploma or Higher100.0%
Bachelor's Degree or Higher41.5%
Graduate or Professional Degree33.6%

Housing

The median home value in Velarde is $234,100, below the national median of $303,400. The homeownership rate is 61.6%.

$234,100
Median Home Value
61.6%
Homeownership Rate
Housing Metric Value
Median Home Value$234,100
Homeownership Rate61.6%
Vacancy Rate17.3%

Salaries in New Mexico

Explore salary data for popular occupations in New Mexico:

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Frequently Asked Questions

What is the population of Velarde, New Mexico?
The population of Velarde, New Mexico is 229 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Velarde, New Mexico?
The median household income in Velarde, New Mexico is $97,776. This is 21.3% above the national median of $80,610.
What is the median home value in Velarde, New Mexico?
The median home value in Velarde, New Mexico is $234,100.
What percentage of people in Velarde have a college degree?
In Velarde, New Mexico, 41.5% of adults age 25 and older hold a bachelor's degree or higher, and 100.0% have a high school diploma or higher.
Is Velarde, New Mexico an affordable place to live?
The home price-to-income ratio in Velarde, New Mexico is 2.4x (median home value $234,100 vs. median income $97,776), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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