Floyd, NM
Population 131 · New Mexico
About Floyd, NM
Floyd is a small community located in New Mexico with a population of 131 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,956 per year, which is 26% below the national median of $75,149. The median age of 33.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Floyd features a median home value of $0, which is 100% below the national median of $244,900. This makes Floyd 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 55 total housing units, 98% are owner-occupied (40 units) and 2% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Floyd 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 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Floyd have an average one-way commute time of 34.4 minutes.
Education & Demographics
10.0% of Floyd 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 15.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Floyd, NM
Compared to national averages, Floyd has a median household income of $55,956 (26% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Floyd's income is 17% below the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Floyd, NM?
Floyd offers affordable housing with a median home value of $0, 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 a low poverty rate of 0.0%, better than the national average.
Potential considerations include median household income ($55,956) that falls below the national average. However, Floyd’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Floyd has a population of 131 with a median age of 33.8 years. Compare Floyd 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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Economy & Education
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Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Floyd
What is the population of Floyd, NM?
The population of Floyd, NM is 131 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 Floyd?
The median household income in Floyd, NM is $55,956 per year, which is 26% below the national median of $75,149.
What is the median home value in Floyd?
The median home value in Floyd, NM is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Floyd?
The median monthly rent in Floyd, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Floyd?
The unemployment rate in Floyd, 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 Floyd, NM a good place to live?
Floyd offers a moderate cost of living, affordable housing, and a strong job market. With a population of 131 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Floyd, NM?
10.0% of residents in Floyd 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 Floyd?
Key cost-of-living indicators for Floyd, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $55,956. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Floyd?
The poverty rate in Floyd, NM is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Floyd, NM?
Floyd's population is 15.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.