Carnuel, NM
Population 842 · New Mexico
About Carnuel, NM
Carnuel is a small community located in New Mexico with a population of 842 residents according to the latest US Census Bureau American Community Survey data. The median household income is $89,432 per year, which is 19% above the national median of $75,149. The median age of 56.3 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 Carnuel features a median home value of $233,700, which is 5% below the national median of $244,900. This positions Carnuel 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 414 total housing units, 94% are owner-occupied (312 units) and 6% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carnuel shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.7%, above the national average of 12.4%. Workers in Carnuel have an average one-way commute time of 21.2 minutes.
Education & Demographics
29.7% of Carnuel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 19.1% White, 5.2% Hispanic or Latino, 0.0% Black or African American, and 24.8% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Carnuel, NM
Compared to national averages, Carnuel has a median household income of $89,432 (19% above the national median of $75,149). Home values average $233,700, which is 5% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Carnuel's income is 33% above the state average of $67,435, and home values are 0% below the state median of $233,762.
Why Live in Carnuel, NM?
Carnuel offers a strong local economy with a median household income of $89,432, well above the national average, and affordable housing with a median home value of $233,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and short commute times averaging just 21.2 minutes.
Carnuel has a population of 842 with a median age of 56.3 years. Compare Carnuel with other cities to see how it stacks up, or explore all cities in New Mexico.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Carnuel
What is the population of Carnuel, NM?
The population of Carnuel, NM is 842 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Carnuel?
The median household income in Carnuel, NM is $89,432 per year, which is 19% above the national median of $75,149.
What is the median home value in Carnuel?
The median home value in Carnuel, NM is $233,700, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carnuel?
The median monthly rent in Carnuel, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Carnuel?
The unemployment rate in Carnuel, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Carnuel, NM a good place to live?
Carnuel offers above-average incomes, affordable housing, and a strong job market. With a population of 842 and a median age of 56.3, the city appeals to established professionals and retirees.
How educated is Carnuel, NM?
29.7% of residents in Carnuel 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 Carnuel?
Key cost-of-living indicators for Carnuel, NM: median home value is $233,700 (5% below national), median rent is $0/month, and median household income is $89,432. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carnuel?
The poverty rate in Carnuel, NM is 13.7%, 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 Carnuel, NM?
Carnuel's population is 19.1% White, 5.2% Hispanic or Latino, 0.0% Black or African American, 24.8% Asian, and 3.9% two or more races. 0.0% of residents are foreign-born.