Algodones, NM
Population 1,198 · New Mexico
About Algodones, NM
Algodones is a small town located in New Mexico with a population of 1,198 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 54.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Algodones features a median home value of $236,500, which is 3% below the national median of $244,900. This positions Algodones in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 587 total housing units, 84% are owner-occupied (463 units) and 16% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Algodones shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.6%, above the national average of 12.4%. Workers in Algodones have an average one-way commute time of 34 minutes.
Education & Demographics
22.1% of Algodones residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 34.6% White, 7.2% Hispanic or Latino, 0.0% Black or African American, and 32.9% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Algodones, NM
Compared to national averages, Algodones has a median household income of $63,750 (15% below the national median of $75,149). Home values average $236,500, which is 3% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Algodones's income is 5% below the state average of $67,435, and home values are 1% above the state median of $233,762.
Why Live in Algodones, NM?
Algodones offers affordable housing with a median home value of $236,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($63,750) that falls below the national average. However, Algodones’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Algodones has a population of 1,198 with a median age of 54.8 years. Compare Algodones with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Algodones
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Iyanbito | 1,213 | $46,667 | $58,500 | Compare |
| Waterflow | 1,215 | $60,278 | $167,700 | Compare |
| Ohkay Owingeh | 1,178 | $65,179 | $2,000,001 | Compare |
| Rock Springs | 1,166 | $93,333 | $17,100 | Compare |
| Alamo | 1,242 | $24,427 | $9,999 | Compare |
| Doña Ana | 1,154 | $28,346 | $107,500 | Compare |
| Columbus | 1,147 | $24,554 | $91,400 | Compare |
| Pecos | 1,145 | $69,327 | $260,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Algodones With Other Cities
Frequently Asked Questions about Algodones
What is the population of Algodones, NM?
The population of Algodones, NM is 1,198 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Algodones?
The median household income in Algodones, NM is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Algodones?
The median home value in Algodones, NM is $236,500, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Algodones?
The median monthly rent in Algodones, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Algodones?
The unemployment rate in Algodones, NM is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Algodones, NM a good place to live?
Algodones offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,198 and a median age of 54.8, the city appeals to established professionals and retirees.
How educated is Algodones, NM?
22.1% of residents in Algodones aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Algodones?
Key cost-of-living indicators for Algodones, NM: median home value is $236,500 (3% below national), median rent is $0/month, and median household income is $63,750. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Algodones?
The poverty rate in Algodones, NM is 16.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Algodones, NM?
Algodones's population is 34.6% White, 7.2% Hispanic or Latino, 0.0% Black or African American, 32.9% Asian, and 0.0% two or more races. 1.7% of residents are foreign-born.