Cedar Grove, NM
Population 849 · New Mexico
About Cedar Grove, NM
Cedar Grove is a small community located in New Mexico with a population of 849 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,070 per year, which is 16% below the national median of $75,149. The median age of 67.5 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 Cedar Grove features a median home value of $191,300, which is 22% below the national median of $244,900. This positions Cedar Grove 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 579 total housing units, 90% are owner-occupied (464 units) and 10% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cedar Grove shows an unemployment rate of 14.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cedar Grove have an average one-way commute time of 70.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
34.7% of Cedar Grove 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 2.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 23.7% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Cedar Grove, NM
Compared to national averages, Cedar Grove has a median household income of $63,070 (16% below the national median of $75,149). Home values average $191,300, which is 22% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Cedar Grove's income is 6% below the state average of $67,435, and home values are 18% below the state median of $233,762.
Why Live in Cedar Grove, NM?
Cedar Grove offers affordable housing with a median home value of $191,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 34.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 11.9%, better than the national average.
Potential considerations include median household income ($63,070) that falls below the national average. However, Cedar Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cedar Grove has a population of 849 with a median age of 67.5 years. Compare Cedar Grove with other cities to see how it stacks up, or explore all cities in New Mexico.
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Demographics
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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 Cedar Grove
What is the population of Cedar Grove, NM?
The population of Cedar Grove, NM is 849 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 Cedar Grove?
The median household income in Cedar Grove, NM is $63,070 per year, which is 16% below the national median of $75,149.
What is the median home value in Cedar Grove?
The median home value in Cedar Grove, NM is $191,300, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cedar Grove?
The median monthly rent in Cedar Grove, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Cedar Grove?
The unemployment rate in Cedar Grove, NM is 14.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cedar Grove, NM a good place to live?
Cedar Grove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 849 and a median age of 67.5, the city appeals to established professionals and retirees.
How educated is Cedar Grove, NM?
34.7% of residents in Cedar Grove aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cedar Grove?
Key cost-of-living indicators for Cedar Grove, NM: median home value is $191,300 (22% below national), median rent is $0/month, and median household income is $63,070. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cedar Grove?
The poverty rate in Cedar Grove, NM is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cedar Grove, NM?
Cedar Grove's population is 2.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 23.7% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.