ZIP code 87740: income, home prices and cost of living
The median household income in ZIP 87740 is $42,030, which is 17% below the New Mexico median of $50,827 and 39% below the national figure. The typical home is valued at $122,800, and the median rent is $666/month. 71.5% of households own their home.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
Median household income
$42,030
- New Mexico average
- $50,82717%
- National
- $68,75039%
Median home value
$122,800
- New Mexico average
- $160,90024%
- National
- $209,60041%
Median gross rent
$666
- New Mexico average
- $85722%
- National
- $98432%
Median age
45.5 yrs
- New Mexico average
- 39.1 yrs16%
- National
- 41.0 yrs11%
Homeownership rate
71.5%
- New Mexico average
- 76.1%6%
- National
- 75.8%6%
Bachelor's degree or higher
9.0%
- New Mexico average
- 11.2%20%
- National
- 15.9%43%
How ZIP 87740 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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What people search about ZIP 87740
Searches for the cost of living in 87740, the median household income in 87740, average rent in 87740 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.
- cost of living in 87740
- median household income in 87740
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Methodology
Figures describe ZIP Code Tabulation Area 87740, 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.