Madrid, NM
Population 248 · New Mexico
About Madrid, NM
Madrid is a small community in New Mexico with a population of 248 residents. The median household income is $0 per year, which is below the national average. The median age in Madrid is 59.6 years.
Housing in Madrid has a median home value of $380,000 and median monthly rent of $0. Of the 275 total housing units, renting is more common than owning, with 48 owner-occupied and 154 renter-occupied units.
The unemployment rate in Madrid is 0.0% and the poverty rate is 52.4%. 91.9% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
How Madrid Ranks in New Mexico
Cost of Living in Madrid, NM
Compared to national averages, Madrid has a median household income of $0 (100% below the national median of $75,149). Home values average $380,000, which is 55% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Madrid's income is 100% below the state average of $67,435, and home values are 63% above the state median of $233,762.
Why Live in Madrid, NM?
Madrid offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 91.9% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average, and a competitive housing market where the typical home costs $380,000. However, Madrid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madrid has a population of 248 with a median age of 59.6 years. Compare Madrid with other cities to see how it stacks up, or explore all cities in New Mexico.
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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 Madrid
What is the population of Madrid, NM?
The population of Madrid, NM is 248 according to the latest Census data.
What is the median household income in Madrid?
The median household income in Madrid, NM is $0 per year.
What is the median home value in Madrid?
The median home value in Madrid, NM is $380,000.
What is the average rent in Madrid?
The median monthly rent in Madrid, NM is $0.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid, NM is 0.0%.