Midway, NM
Population 571 · New Mexico
About Midway, NM
Midway is a small community located in New Mexico with a population of 571 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,955 per year, which is 49% below the national median of $75,149. The median age of 54.2 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 Midway features a median home value of $176,400, which is 28% below the national median of $244,900. This positions Midway in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 373 total housing units, 59% are owner-occupied (171 units) and 41% are renter-occupied (117 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Midway 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 18.2%, above the national average of 12.4%. Workers in Midway have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
6.6% of Midway 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 55.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 7.5% Asian residents, with 6.0% of the population being foreign-born.
Cost of Living in Midway, NM
Compared to national averages, Midway has a median household income of $37,955 (49% below the national median of $75,149). Home values average $176,400, which is 28% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Midway's income is 44% below the state average of $67,435, and home values are 25% below the state median of $233,762.
Why Live in Midway, NM?
Midway offers affordable housing with a median home value of $176,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($37,955) that falls below the national average. However, Midway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Midway has a population of 571 with a median age of 54.2 years. Compare Midway with other cities to see how it stacks up, or explore all cities in New Mexico.
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Demographics
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Economy & Education
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Midway
What is the population of Midway, NM?
The population of Midway, NM is 571 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 Midway?
The median household income in Midway, NM is $37,955 per year, which is 49% below the national median of $75,149.
What is the median home value in Midway?
The median home value in Midway, NM is $176,400, which is 28% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Midway?
The median monthly rent in Midway, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Midway?
The unemployment rate in Midway, 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 Midway, NM a good place to live?
Midway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 571 and a median age of 54.2, the city appeals to established professionals and retirees.
How educated is Midway, NM?
6.6% of residents in Midway 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 Midway?
Key cost-of-living indicators for Midway, NM: median home value is $176,400 (28% below national), median rent is $0/month, and median household income is $37,955. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Midway?
The poverty rate in Midway, NM is 18.2%, 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 Midway, NM?
Midway's population is 55.2% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 7.5% Asian, and 0.0% two or more races. 6.0% of residents are foreign-born.