Folsom, NM
Population 56 · New Mexico
About Folsom, NM
Folsom is a small community located in New Mexico with a population of 56 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,750 per year, which is 25% above the national median of $75,149. The median age of 9.8 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 Folsom features a median home value of $0, which is 100% below the national median of $244,900. This makes Folsom 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 24 total housing units, 100% are owner-occupied (10 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Folsom 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 Folsom have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
25.9% of Folsom 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 0.0% 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 Folsom, NM
Compared to national averages, Folsom has a median household income of $93,750 (25% above 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, Folsom's income is 39% above the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Folsom, NM?
Folsom offers a strong local economy with a median household income of $93,750, well above the national average, and 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. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Folsom has a population of 56 with a median age of 9.8 years. Compare Folsom with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Folsom
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dora | 54 | $59,886 | $0 | Compare |
| Escudilla Bonita | 53 | $0 | $0 | Compare |
| Hot Springs Landing | 60 | $0 | $0 | Compare |
| San Jose CDP (San Miguel County), New Mexico | 52 | $0 | $0 | Compare |
| Las Nutrias | 51 | $0 | $0 | Compare |
| Loco Hills | 61 | $0 | $0 | Compare |
| Valencia CDP (Santa Fe County), New Mexico | 50 | $0 | $0 | Compare |
| Vanderwagen | 50 | $0 | $0 | 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.
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Frequently Asked Questions about Folsom
What is the population of Folsom, NM?
The population of Folsom, NM is 56 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 Folsom?
The median household income in Folsom, NM is $93,750 per year, which is 25% above the national median of $75,149.
What is the median home value in Folsom?
The median home value in Folsom, 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 Folsom?
The median monthly rent in Folsom, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Folsom?
The unemployment rate in Folsom, 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 Folsom, NM a good place to live?
Folsom offers above-average incomes, affordable housing, and a strong job market. With a population of 56 and a median age of 9.8, the city appeals to young professionals and families.
How educated is Folsom, NM?
25.9% of residents in Folsom 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 Folsom?
Key cost-of-living indicators for Folsom, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $93,750. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Folsom?
The poverty rate in Folsom, 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 Folsom, NM?
Folsom'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. 0.0% of residents are foreign-born.