Los Chaves, NM
Population 4,641 · New Mexico
About Los Chaves, NM
Los Chaves is a small town located in New Mexico with a population of 4,641 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,320 per year, which is 8% above the national median of $75,149. The median age of 46.8 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 Los Chaves features a median home value of $240,500, which is 2% below the national median of $244,900. This positions Los Chaves in a moderately priced market relative to the rest of the country. Median monthly rent is $860, 26% below the national average of $1,163/month. Of the 2,067 total housing units, 92% are owner-occupied (1,566 units) and 8% are renter-occupied (145 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Los Chaves shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.7%, above the national average of 12.4%. Workers in Los Chaves have an average one-way commute time of 26.7 minutes.
Education & Demographics
35.3% of Los Chaves 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 24.1% White, 7.6% Hispanic or Latino, 0.3% Black or African American, and 33.4% Asian residents, with 1.6% of the population being foreign-born.
How Los Chaves Ranks in New Mexico
Cost of Living in Los Chaves, NM
Compared to national averages, Los Chaves has a median household income of $81,320 (8% above the national median of $75,149). Home values average $240,500, which is 2% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within New Mexico, Los Chaves's income is 21% above the state average of $67,435, and home values are 3% above the state median of $233,762.
Why Live in Los Chaves, NM?
Los Chaves offers a strong local economy with a median household income of $81,320, well above the national average, and affordable housing with a median home value of $240,500, below the US average of $244,900, and rent that’s lower than the national average at $860/month. Additionally, the city features a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 35.3% of residents hold a bachelor’s degree or higher.
Los Chaves has a population of 4,641 with a median age of 46.8 years. Compare Los Chaves with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Los Chaves
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Paradise Hills | 4,662 | $74,403 | $241,300 | Compare |
| Lee Acres | 4,463 | $50,846 | $182,200 | Compare |
| Crouch Mesa | 4,419 | $56,676 | $76,800 | Compare |
| Placitas CDP (Sandoval County), New Mexico | 4,375 | $110,268 | $520,200 | Compare |
| Rio Communities | 4,924 | $46,223 | $200,000 | Compare |
| El Cerro Mission | 5,101 | $49,719 | $101,000 | Compare |
| Tucumcari | 5,197 | $39,915 | $56,400 | Compare |
| Holloman AFB | 4,052 | $51,205 | $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.
Compare Los Chaves With Other Cities
Frequently Asked Questions about Los Chaves
What is the population of Los Chaves, NM?
The population of Los Chaves, NM is 4,641 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Los Chaves?
The median household income in Los Chaves, NM is $81,320 per year, which is 8% above the national median of $75,149.
What is the median home value in Los Chaves?
The median home value in Los Chaves, NM is $240,500, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Los Chaves?
The median monthly rent in Los Chaves, NM is $860, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Los Chaves?
The unemployment rate in Los Chaves, NM is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Los Chaves, NM a good place to live?
Los Chaves offers above-average incomes, affordable housing, and a strong job market. With a population of 4,641 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Los Chaves, NM?
35.3% of residents in Los Chaves aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Los Chaves?
Key cost-of-living indicators for Los Chaves, NM: median home value is $240,500 (2% below national), median rent is $860/month, and median household income is $81,320. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Los Chaves?
The poverty rate in Los Chaves, NM is 25.7%, 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 Los Chaves, NM?
Los Chaves's population is 24.1% White, 7.6% Hispanic or Latino, 0.3% Black or African American, 33.4% Asian, and 0.5% two or more races. 1.6% of residents are foreign-born.