Mora, NM
Population 518 · New Mexico
About Mora, NM
Mora is a small community located in New Mexico with a population of 518 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,063 per year, which is 8% below the national median of $75,149. The median age of 42.1 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 Mora features a median home value of $213,600, which is 13% below the national median of $244,900. This positions Mora 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 381 total housing units, 84% are owner-occupied (193 units) and 16% are renter-occupied (36 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mora 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 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mora have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
55.3% of Mora residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.9% White, 6.9% Hispanic or Latino, 0.0% Black or African American, and 60.4% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Mora, NM
Compared to national averages, Mora has a median household income of $69,063 (8% below the national median of $75,149). Home values average $213,600, which is 13% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Mora's income is 2% above the state average of $67,435, and home values are 9% below the state median of $233,762.
Why Live in Mora, NM?
Mora offers affordable housing with a median home value of $213,600, 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 a well-educated community where 55.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($69,063) that falls below the national average. However, Mora’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mora has a population of 518 with a median age of 42.1 years. Compare Mora with other cities to see how it stacks up, or explore all cities in New Mexico.
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Demographics
Racial & Ethnic Composition
Economy & Education
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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 Mora
What is the population of Mora, NM?
The population of Mora, NM is 518 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 Mora?
The median household income in Mora, NM is $69,063 per year, which is 8% below the national median of $75,149.
What is the median home value in Mora?
The median home value in Mora, NM is $213,600, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mora?
The median monthly rent in Mora, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Mora?
The unemployment rate in Mora, 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 Mora, NM a good place to live?
Mora offers a moderate cost of living, affordable housing, and a strong job market. With a population of 518 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Mora, NM?
55.3% of residents in Mora 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 Mora?
Key cost-of-living indicators for Mora, NM: median home value is $213,600 (13% below national), median rent is $0/month, and median household income is $69,063. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mora?
The poverty rate in Mora, NM is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mora, NM?
Mora's population is 3.9% White, 6.9% Hispanic or Latino, 0.0% Black or African American, 60.4% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.