Santa Teresa, NM
Population 5,973 · New Mexico
About Santa Teresa, NM
Santa Teresa is a small town located in New Mexico with a population of 5,973 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,759 per year, which is 19% below the national median of $75,149. The median age of 33.2 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 Santa Teresa features a median home value of $216,600, which is 12% below the national median of $244,900. This positions Santa Teresa in a moderately priced market relative to the rest of the country. Median monthly rent is $1,259, 8% above the national average of $1,163/month. Of the 2,264 total housing units, 69% are owner-occupied (1,477 units) and 31% are renter-occupied (674 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Santa Teresa shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 28.9%, above the national average of 12.4%. Workers in Santa Teresa have an average one-way commute time of 27.4 minutes.
Education & Demographics
38.1% of Santa Teresa residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 78.8% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 1.5% Asian residents, with 20.8% of the population being foreign-born.
How Santa Teresa Ranks in New Mexico
Cost of Living in Santa Teresa, NM
Compared to national averages, Santa Teresa has a median household income of $60,759 (19% below the national median of $75,149). Home values average $216,600, which is 12% below the national median. Monthly rent at $1,259 is 8% above the US average of $1,163. Within New Mexico, Santa Teresa's income is 10% below the state average of $67,435, and home values are 7% below the state median of $233,762.
Why Live in Santa Teresa, NM?
Santa Teresa offers affordable housing with a median home value of $216,600, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 38.1% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($60,759) that falls below the national average. However, Santa Teresa’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Santa Teresa has a population of 5,973 with a median age of 33.2 years. Compare Santa Teresa with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Santa Teresa
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Raton | 6,013 | $52,007 | $148,200 | Compare |
| Truth or Consequences | 6,026 | $29,142 | $107,500 | Compare |
| Los Ranchos de Albuquerque | 5,869 | $70,801 | $442,100 | Compare |
| North Hobbs | 6,099 | $89,279 | $233,200 | Compare |
| Edgewood | 6,122 | $81,227 | $278,100 | Compare |
| Zuni Pueblo | 6,132 | $43,021 | $79,200 | Compare |
| Aztec | 6,177 | $42,699 | $164,700 | Compare |
| Eldorado at Santa Fe | 5,746 | $96,692 | $542,800 | 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 Santa Teresa With Other Cities
Frequently Asked Questions about Santa Teresa
What is the population of Santa Teresa, NM?
The population of Santa Teresa, NM is 5,973 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 Santa Teresa?
The median household income in Santa Teresa, NM is $60,759 per year, which is 19% below the national median of $75,149.
What is the median home value in Santa Teresa?
The median home value in Santa Teresa, NM is $216,600, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Santa Teresa?
The median monthly rent in Santa Teresa, NM is $1,259, which is 8% above the national average of $1,163/month.
What is the unemployment rate in Santa Teresa?
The unemployment rate in Santa Teresa, NM is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Santa Teresa, NM a good place to live?
Santa Teresa offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,973 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Santa Teresa, NM?
38.1% of residents in Santa Teresa 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 Santa Teresa?
Key cost-of-living indicators for Santa Teresa, NM: median home value is $216,600 (12% below national), median rent is $1,259/month, and median household income is $60,759. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Santa Teresa?
The poverty rate in Santa Teresa, NM is 28.9%, 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 Santa Teresa, NM?
Santa Teresa's population is 78.8% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 1.5% Asian, and 0.8% two or more races. 20.8% of residents are foreign-born.