Maxwell, NM
Population 370 · New Mexico
About Maxwell, NM
Maxwell is a small community located in New Mexico with a population of 370 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,691 per year, which is 51% below the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Maxwell features a median home value of $77,900, which is 68% below the national median of $244,900. This makes Maxwell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $545, 53% below the national average of $1,163/month. Of the 166 total housing units, 63% are owner-occupied (84 units) and 37% are renter-occupied (49 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Maxwell 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 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Maxwell have an average one-way commute time of 30.5 minutes.
Education & Demographics
10.6% of Maxwell 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 45.9% White, 4.9% Hispanic or Latino, 0.0% Black or African American, and 26.2% Asian residents, with 0.0% of the population being foreign-born.
How Maxwell Ranks in New Mexico
Cost of Living in Maxwell, NM
Compared to national averages, Maxwell has a median household income of $36,691 (51% below the national median of $75,149). Home values average $77,900, which is 68% below the national median. Monthly rent at $545 is 53% below the US average of $1,163. Within New Mexico, Maxwell's income is 46% below the state average of $67,435, and home values are 67% below the state median of $233,762.
Why Live in Maxwell, NM?
Maxwell offers affordable housing with a median home value of $77,900, below the US average of $244,900, and rent that’s lower than the national average at $545/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.5%, better than the national average.
Potential considerations include median household income ($36,691) that falls below the national average. However, Maxwell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Maxwell has a population of 370 with a median age of 31 years. Compare Maxwell with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Maxwell
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newcomb | 369 | $28,333 | $18,400 | Compare |
| Sheep Springs | 369 | $28,750 | $97,500 | Compare |
| Chamisal | 367 | $40,833 | $198,800 | Compare |
| Pleasanton | 363 | $58,967 | $263,600 | Compare |
| Ojo Amarillo | 380 | $21,488 | $0 | Compare |
| Sandia Park | 383 | $134,118 | $390,000 | Compare |
| Broadview | 386 | $0 | $0 | Compare |
| Morningside | 352 | $0 | $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 Maxwell With Other Cities
Frequently Asked Questions about Maxwell
What is the population of Maxwell, NM?
The population of Maxwell, NM is 370 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 Maxwell?
The median household income in Maxwell, NM is $36,691 per year, which is 51% below the national median of $75,149.
What is the median home value in Maxwell?
The median home value in Maxwell, NM is $77,900, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Maxwell?
The median monthly rent in Maxwell, NM is $545, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Maxwell?
The unemployment rate in Maxwell, 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 Maxwell, NM a good place to live?
Maxwell offers a moderate cost of living, affordable housing, and a strong job market. With a population of 370 and a median age of 31, the city appeals to young professionals and families.
How educated is Maxwell, NM?
10.6% of residents in Maxwell 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 Maxwell?
Key cost-of-living indicators for Maxwell, NM: median home value is $77,900 (68% below national), median rent is $545/month, and median household income is $36,691. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Maxwell?
The poverty rate in Maxwell, NM is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Maxwell, NM?
Maxwell's population is 45.9% White, 4.9% Hispanic or Latino, 0.0% Black or African American, 26.2% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.