Corona, NM
Population 167 · New Mexico
About Corona, NM
Corona is a small community located in New Mexico with a population of 167 residents according to the latest US Census Bureau American Community Survey data. The median household income is $28,542 per year, which is 62% below the national median of $75,149. The median age of 58.8 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 Corona features a median home value of $85,600, which is 65% below the national median of $244,900. This makes Corona one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 132 total housing units, 77% are owner-occupied (69 units) and 23% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Corona 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 19.2%, above the national average of 12.4%. Workers in Corona have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
16.4% of Corona 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 16.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 3.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Corona, NM
Compared to national averages, Corona has a median household income of $28,542 (62% below the national median of $75,149). Home values average $85,600, which is 65% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Corona's income is 58% below the state average of $67,435, and home values are 63% below the state median of $233,762.
Why Live in Corona, NM?
Corona offers affordable housing with a median home value of $85,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($28,542) that falls below the national average. However, Corona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Corona has a population of 167 with a median age of 58.8 years. Compare Corona 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 Corona
What is the population of Corona, NM?
The population of Corona, NM is 167 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 Corona?
The median household income in Corona, NM is $28,542 per year, which is 62% below the national median of $75,149.
What is the median home value in Corona?
The median home value in Corona, NM is $85,600, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Corona?
The median monthly rent in Corona, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Corona?
The unemployment rate in Corona, 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 Corona, NM a good place to live?
Corona offers a moderate cost of living, affordable housing, and a strong job market. With a population of 167 and a median age of 58.8, the city appeals to established professionals and retirees.
How educated is Corona, NM?
16.4% of residents in Corona 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 Corona?
Key cost-of-living indicators for Corona, NM: median home value is $85,600 (65% below national), median rent is $0/month, and median household income is $28,542. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Corona?
The poverty rate in Corona, NM is 19.2%, 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 Corona, NM?
Corona's population is 16.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 3.6% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.