Tome, NM
Population 1,525 · New Mexico
About Tome, NM
Tome is a small town located in New Mexico with a population of 1,525 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,243 per year, which is 12% above the national median of $75,149. The median age of 60.3 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 Tome features a median home value of $272,400, which is 11% above the national median of $244,900. This positions Tome 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 615 total housing units, 96% are owner-occupied (547 units) and 4% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tome shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tome have an average one-way commute time of 23.1 minutes.
Education & Demographics
17.9% of Tome 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 14.4% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 25.5% Asian residents, with 5.4% of the population being foreign-born.
How Tome Ranks in New Mexico
Cost of Living in Tome, NM
Compared to national averages, Tome has a median household income of $84,243 (12% above the national median of $75,149). Home values average $272,400, which is 11% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Tome's income is 25% above the state average of $67,435, and home values are 17% above the state median of $233,762.
Why Live in Tome, NM?
Tome offers a strong local economy with a median household income of $84,243, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features a low poverty rate of 4.2%, better than the national average, and short commute times averaging just 23.1 minutes.
Tome has a population of 1,525 with a median age of 60.3 years. Compare Tome with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Tome
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Little Walnut Village | 1,520 | $100,170 | $278,600 | Compare |
| Dixon | 1,551 | $43,148 | $362,300 | Compare |
| Upper Fruitland | 1,496 | $40,446 | $91,700 | Compare |
| White Sands | 1,577 | $87,059 | $0 | Compare |
| Tano Road | 1,581 | $166,649 | $1,019,600 | Compare |
| Gamerco | 1,583 | $40,938 | $0 | Compare |
| Elephant Butte | 1,586 | $45,179 | $166,800 | Compare |
| High Rolls | 1,463 | $81,827 | $245,600 | 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 Tome With Other Cities
Frequently Asked Questions about Tome
What is the population of Tome, NM?
The population of Tome, NM is 1,525 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 Tome?
The median household income in Tome, NM is $84,243 per year, which is 12% above the national median of $75,149.
What is the median home value in Tome?
The median home value in Tome, NM is $272,400, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tome?
The median monthly rent in Tome, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Tome?
The unemployment rate in Tome, NM is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Tome, NM a good place to live?
Tome offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,525 and a median age of 60.3, the city appeals to established professionals and retirees.
How educated is Tome, NM?
17.9% of residents in Tome 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 Tome?
Key cost-of-living indicators for Tome, NM: median home value is $272,400 (11% above national), median rent is $0/month, and median household income is $84,243. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tome?
The poverty rate in Tome, NM is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tome, NM?
Tome's population is 14.4% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 25.5% Asian, and 0.0% two or more races. 5.4% of residents are foreign-born.