Las Vegas, NM
Population 13,120 · New Mexico
About Las Vegas, NM
Las Vegas is a mid-sized city located in New Mexico with a population of 13,120 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,732 per year, which is 43% below the national median of $75,149. The median age of 42 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 Las Vegas features a median home value of $143,900, which is 41% below the national median of $244,900. This makes Las Vegas one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $731, 37% below the national average of $1,163/month. Of the 7,057 total housing units, 61% are owner-occupied (3,610 units) and 39% are renter-occupied (2,309 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Las Vegas shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 29.3%, above the national average of 12.4%. Workers in Las Vegas have an average one-way commute time of 14.8 minutes, one of the shorter commutes in the region.
Education & Demographics
27.7% of Las Vegas 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 33.2% White, 6.1% Hispanic or Latino, 0.4% Black or African American, and 44.1% Asian residents, with 2.1% of the population being foreign-born.
How Las Vegas Ranks in New Mexico
Cost of Living in Las Vegas, NM
Compared to national averages, Las Vegas has a median household income of $42,732 (43% below the national median of $75,149). Home values average $143,900, which is 41% below the national median. Monthly rent at $731 is 37% below the US average of $1,163. Within New Mexico, Las Vegas's income is 37% below the state average of $67,435, and home values are 38% below the state median of $233,762.
Why Live in Las Vegas, NM?
Las Vegas offers affordable housing with a median home value of $143,900, below the US average of $244,900, and rent that’s lower than the national average at $731/month, and short commute times averaging just 14.8 minutes.
Potential considerations include median household income ($42,732) that falls below the national average. However, Las Vegas’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Las Vegas has a population of 13,120 with a median age of 42 years. Compare Las Vegas with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Las Vegas
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Los Alamos | 13,471 | $136,502 | $458,200 | Compare |
| Artesia | 12,555 | $77,647 | $213,800 | Compare |
| Portales | 12,023 | $51,290 | $132,900 | Compare |
| Deming | 14,735 | $35,920 | $112,800 | Compare |
| North Valley | 11,474 | $67,115 | $290,500 | Compare |
| Lovington | 11,444 | $67,284 | $162,900 | Compare |
| Española | 10,472 | $47,664 | $205,100 | Compare |
| Chaparral | 16,642 | $46,102 | $101,900 | 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.
Compare Las Vegas With Other Cities
Frequently Asked Questions about Las Vegas
What is the population of Las Vegas, NM?
The population of Las Vegas, NM is 13,120 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Mexico.
What is the median household income in Las Vegas?
The median household income in Las Vegas, NM is $42,732 per year, which is 43% below the national median of $75,149.
What is the median home value in Las Vegas?
The median home value in Las Vegas, NM is $143,900, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Las Vegas?
The median monthly rent in Las Vegas, NM is $731, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Las Vegas?
The unemployment rate in Las Vegas, NM is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Las Vegas, NM a good place to live?
Las Vegas offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 13,120 and a median age of 42, the city appeals to a broad range of residents.
How educated is Las Vegas, NM?
27.7% of residents in Las Vegas 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 Las Vegas?
Key cost-of-living indicators for Las Vegas, NM: median home value is $143,900 (41% below national), median rent is $731/month, and median household income is $42,732. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Las Vegas?
The poverty rate in Las Vegas, NM is 29.3%, 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 Las Vegas, NM?
Las Vegas's population is 33.2% White, 6.1% Hispanic or Latino, 0.4% Black or African American, 44.1% Asian, and 1.3% two or more races. 2.1% of residents are foreign-born.