Hope, NM
Population 99 · New Mexico
About Hope, NM
Hope is a small community located in New Mexico with a population of 99 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,393 per year, which is 38% above the national median of $75,149. The median age of 52.6 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 Hope features a median home value of $0, which is 100% below the national median of $244,900. This makes Hope 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 52 total housing units, 100% are owner-occupied (41 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hope 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 Hope have an average one-way commute time of 32.6 minutes.
Education & Demographics
18.4% of Hope 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 51.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 20.2% of the population being foreign-born.
How Hope Ranks in New Mexico
Cost of Living in Hope, NM
Compared to national averages, Hope has a median household income of $103,393 (38% 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, Hope's income is 53% above the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Hope, NM?
Hope offers a strong local economy with a median household income of $103,393, 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.
Hope has a population of 99 with a median age of 52.6 years. Compare Hope 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 Hope
What is the population of Hope, NM?
The population of Hope, NM is 99 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 Hope?
The median household income in Hope, NM is $103,393 per year, which is 38% above the national median of $75,149.
What is the median home value in Hope?
The median home value in Hope, 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 Hope?
The median monthly rent in Hope, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hope?
The unemployment rate in Hope, 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 Hope, NM a good place to live?
Hope offers above-average incomes, affordable housing, and a strong job market. With a population of 99 and a median age of 52.6, the city appeals to established professionals and retirees.
How educated is Hope, NM?
18.4% of residents in Hope 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 Hope?
Key cost-of-living indicators for Hope, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $103,393. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hope?
The poverty rate in Hope, 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 Hope, NM?
Hope's population is 51.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 20.2% of residents are foreign-born.