Paraje, NM
Population 1,405 · New Mexico
About Paraje, NM
Paraje is a small town located in New Mexico with a population of 1,405 residents according to the latest US Census Bureau American Community Survey data. The median household income is $30,284 per year, which is 60% below the national median of $75,149. The median age of 24.7 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 Paraje features a median home value of $0, which is 100% below the national median of $244,900. This makes Paraje one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 369 total housing units, 63% are owner-occupied (183 units) and 37% are renter-occupied (107 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Paraje 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 51.7%, above the national average of 12.4%. Workers in Paraje have an average one-way commute time of 12.2 minutes, one of the shorter commutes in the region.
Education & Demographics
16.9% of Paraje 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 0.9% White, 96.8% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Paraje, NM
Compared to national averages, Paraje has a median household income of $30,284 (60% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Paraje's income is 55% below the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Paraje, NM?
Paraje offers affordable housing with a median home value of $0, 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 12.2 minutes.
Potential considerations include median household income ($30,284) that falls below the national average. However, Paraje’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paraje has a population of 1,405 with a median age of 24.7 years. Compare Paraje with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Paraje
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Estancia | 1,399 | $34,559 | $95,800 | Compare |
| Church Rock | 1,413 | $35,417 | $36,500 | Compare |
| San Felipe Pueblo | 1,420 | $55,385 | $255,400 | Compare |
| Berino | 1,429 | $37,614 | $0 | Compare |
| El Rancho | 1,432 | $78,594 | $257,100 | Compare |
| Sandia Knolls | 1,436 | $102,801 | $286,400 | Compare |
| La Villita | 1,440 | $130,357 | $259,500 | Compare |
| Keeler Farm | 1,450 | $43,750 | $121,800 | 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 Paraje With Other Cities
Frequently Asked Questions about Paraje
What is the population of Paraje, NM?
The population of Paraje, NM is 1,405 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 Paraje?
The median household income in Paraje, NM is $30,284 per year, which is 60% below the national median of $75,149.
What is the median home value in Paraje?
The median home value in Paraje, NM is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paraje?
The median monthly rent in Paraje, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Paraje?
The unemployment rate in Paraje, 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 Paraje, NM a good place to live?
Paraje offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,405 and a median age of 24.7, the city appeals to young professionals and families.
How educated is Paraje, NM?
16.9% of residents in Paraje 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 Paraje?
Key cost-of-living indicators for Paraje, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $30,284. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Paraje?
The poverty rate in Paraje, NM is 51.7%, 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 Paraje, NM?
Paraje's population is 0.9% White, 96.8% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.1% two or more races. 0.0% of residents are foreign-born.