ZIP code 87402: income, home prices and cost of living

The median household income in ZIP 87402 is $72,869, which is 43% above the New Mexico median of $50,827 and 6% above the national figure. The typical home is valued at $265,500, and the median rent is $1,002/month. 76.1% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$72,869

New Mexico average
$50,82743%
National
$68,7506%

Median home value

$265,500

New Mexico average
$160,90065%
National
$209,60027%

Median gross rent

$1,002

New Mexico average
$85717%
National
$9842%

Median age

39.3 yrs

New Mexico average
39.1 yrs
National
41.0 yrs4%

Homeownership rate

76.1%

New Mexico average
76.1%
National
75.8%

Bachelor's degree or higher

13.7%

New Mexico average
11.2%22%
National
15.9%14%

How ZIP 87402 compares with New Mexico and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in New Mexico

87401874108741387417874208732787311875018730187505

Or compare 87402 with 87401.

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What people search about ZIP 87402

Searches for the cost of living in 87402, the median household income in 87402, average rent in 87402 and home values in this part of New Mexico all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 87402, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.