Chimayo, NM
Population 2,726 · New Mexico
About Chimayo, NM
Chimayo is a small town located in New Mexico with a population of 2,726 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,305 per year, which is 30% below the national median of $75,149. The median age of 48.1 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 Chimayo features a median home value of $214,000, which is 13% below the national median of $244,900. This positions Chimayo in a moderately priced market relative to the rest of the country. Median monthly rent is $834, 28% below the national average of $1,163/month. Of the 1,414 total housing units, 80% are owner-occupied (943 units) and 20% are renter-occupied (229 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chimayo shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.5%, above the national average of 12.4%. Workers in Chimayo have an average one-way commute time of 32.5 minutes.
Education & Demographics
10.6% of Chimayo 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 36.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 59.6% Asian residents, with 0.9% of the population being foreign-born.
How Chimayo Ranks in New Mexico
Cost of Living in Chimayo, NM
Compared to national averages, Chimayo has a median household income of $52,305 (30% below the national median of $75,149). Home values average $214,000, which is 13% below the national median. Monthly rent at $834 is 28% below the US average of $1,163. Within New Mexico, Chimayo's income is 22% below the state average of $67,435, and home values are 8% below the state median of $233,762.
Why Live in Chimayo, NM?
Chimayo offers affordable housing with a median home value of $214,000, below the US average of $244,900, and rent that’s lower than the national average at $834/month, and a strong job market with an unemployment rate of just 1.0%.
Potential considerations include median household income ($52,305) that falls below the national average. However, Chimayo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chimayo has a population of 2,726 with a median age of 48.1 years. Compare Chimayo with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Chimayo
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| University Park | 2,699 | $25,433 | $0 | Compare |
| Clayton | 2,680 | $40,192 | $111,500 | Compare |
| Dulce | 2,782 | $41,886 | $58,100 | Compare |
| Ruidoso Downs | 2,629 | $31,413 | $55,400 | Compare |
| Agua Fria | 2,842 | $47,438 | $264,900 | Compare |
| Tularosa | 2,584 | $45,147 | $117,600 | Compare |
| Cannon AFB | 2,876 | $67,132 | $0 | Compare |
| La Mesilla | 2,531 | $74,385 | $266,900 | 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 Chimayo With Other Cities
Frequently Asked Questions about Chimayo
What is the population of Chimayo, NM?
The population of Chimayo, NM is 2,726 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 Chimayo?
The median household income in Chimayo, NM is $52,305 per year, which is 30% below the national median of $75,149.
What is the median home value in Chimayo?
The median home value in Chimayo, NM is $214,000, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chimayo?
The median monthly rent in Chimayo, NM is $834, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Chimayo?
The unemployment rate in Chimayo, NM is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chimayo, NM a good place to live?
Chimayo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,726 and a median age of 48.1, the city appeals to established professionals and retirees.
How educated is Chimayo, NM?
10.6% of residents in Chimayo 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 Chimayo?
Key cost-of-living indicators for Chimayo, NM: median home value is $214,000 (13% below national), median rent is $834/month, and median household income is $52,305. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Chimayo?
The poverty rate in Chimayo, NM is 25.5%, 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 Chimayo, NM?
Chimayo's population is 36.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 59.6% Asian, and 0.0% two or more races. 0.9% of residents are foreign-born.