Encantado, NM
Population 140 · New Mexico
About Encantado, NM
Encantado is a small community located in New Mexico with a population of 140 residents according to the latest US Census Bureau American Community Survey data. The median household income is $196,058 per year, which is 161% above the national median of $75,149. The median age of 68.3 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 Encantado features a median home value of $846,900, which is 246% above the national median of $244,900. This places Encantado in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 109 total housing units, 100% are owner-occupied (75 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Encantado 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 39.3%, above the national average of 12.4%. Workers in Encantado have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
60.7% of Encantado residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 9.3% of the population being foreign-born.
How Encantado Ranks in New Mexico
Cost of Living in Encantado, NM
Compared to national averages, Encantado has a median household income of $196,058 (161% above the national median of $75,149). Home values average $846,900, which is 246% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Encantado's income is 191% above the state average of $67,435, and home values are 262% above the state median of $233,762.
Why Live in Encantado, NM?
Encantado offers a strong local economy with a median household income of $196,058, well above the national average, 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 a well-educated community where 60.7% of residents hold a bachelor’s degree or higher, and short commute times averaging just 0 minutes.
Potential considerations include a competitive housing market where the typical home costs $846,900. However, Encantado’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Encantado has a population of 140 with a median age of 68.3 years. Compare Encantado 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 Encantado
What is the population of Encantado, NM?
The population of Encantado, NM is 140 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 Encantado?
The median household income in Encantado, NM is $196,058 per year, which is 161% above the national median of $75,149.
What is the median home value in Encantado?
The median home value in Encantado, NM is $846,900, which is 246% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Encantado?
The median monthly rent in Encantado, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Encantado?
The unemployment rate in Encantado, 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 Encantado, NM a good place to live?
Encantado offers above-average incomes, a competitive housing market, and a strong job market. With a population of 140 and a median age of 68.3, the city appeals to established professionals and retirees.
How educated is Encantado, NM?
60.7% of residents in Encantado 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 Encantado?
Key cost-of-living indicators for Encantado, NM: median home value is $846,900 (246% above national), median rent is $0/month, and median household income is $196,058. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Encantado?
The poverty rate in Encantado, NM is 39.3%, 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 Encantado, NM?
Encantado's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 9.3% of residents are foreign-born.