ZIP code 88242: income, home prices and cost of living
The median household income in ZIP 88242 is $82,041, which is 61% above the New Mexico median of $50,827 and 19% above the national figure. The typical home is valued at $213,200, and the median rent is $1,168/month. 81.8% of households own their home.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
Median household income
$82,041
- New Mexico average
- $50,82761%
- National
- $68,75019%
Median home value
$213,200
- New Mexico average
- $160,90033%
- National
- $209,6002%
Median gross rent
$1,168
- New Mexico average
- $85736%
- National
- $98419%
Median age
37.2 yrs
- New Mexico average
- 39.1 yrs5%
- National
- 41.0 yrs9%
Homeownership rate
81.8%
- New Mexico average
- 76.1%7%
- National
- 75.8%8%
Bachelor's degree or higher
8.0%
- New Mexico average
- 11.2%29%
- National
- 15.9%50%
How ZIP 88242 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 88242
Searches for the cost of living in 88242, the median household income in 88242, average rent in 88242 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 88242
- median household income in 88242
- home values in 88242
- average rent in 88242
- property tax in 88242
- housing market in 88242
Methodology
Figures describe ZIP Code Tabulation Area 88242, 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.