Lake Arthur, NM
Population 438 · New Mexico
About Lake Arthur, NM
Lake Arthur is a small community located in New Mexico with a population of 438 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,875 per year, which is 9% above the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Arthur features a median home value of $113,900, which is 53% below the national median of $244,900. This makes Lake Arthur one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $728, 37% below the national average of $1,163/month. Of the 153 total housing units, 74% are owner-occupied (96 units) and 26% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Arthur shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Arthur have an average one-way commute time of 25.9 minutes.
Education & Demographics
4.7% of Lake Arthur 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 63.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 8.2% of the population being foreign-born.
Cost of Living in Lake Arthur, NM
Compared to national averages, Lake Arthur has a median household income of $81,875 (9% above the national median of $75,149). Home values average $113,900, which is 53% below the national median. Monthly rent at $728 is 37% below the US average of $1,163. Within New Mexico, Lake Arthur's income is 21% above the state average of $67,435, and home values are 51% below the state median of $233,762.
Why Live in Lake Arthur, NM?
Lake Arthur offers a strong local economy with a median household income of $81,875, well above the national average, and affordable housing with a median home value of $113,900, below the US average of $244,900, and rent that’s lower than the national average at $728/month. Additionally, the city features a low poverty rate of 12.1%, better than the national average.
Lake Arthur has a population of 438 with a median age of 40.5 years. Compare Lake Arthur with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Lake Arthur
Cities in New Mexico with a similar population size.
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.
Compare Lake Arthur With Other Cities
Frequently Asked Questions about Lake Arthur
What is the population of Lake Arthur, NM?
The population of Lake Arthur, NM is 438 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 Lake Arthur?
The median household income in Lake Arthur, NM is $81,875 per year, which is 9% above the national median of $75,149.
What is the median home value in Lake Arthur?
The median home value in Lake Arthur, NM is $113,900, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Arthur?
The median monthly rent in Lake Arthur, NM is $728, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Lake Arthur?
The unemployment rate in Lake Arthur, NM is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Arthur, NM a good place to live?
Lake Arthur offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 438 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Lake Arthur, NM?
4.7% of residents in Lake Arthur 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 Lake Arthur?
Key cost-of-living indicators for Lake Arthur, NM: median home value is $113,900 (53% below national), median rent is $728/month, and median household income is $81,875. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Arthur?
The poverty rate in Lake Arthur, NM is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Arthur, NM?
Lake Arthur's population is 63.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 0.0% two or more races. 8.2% of residents are foreign-born.