Tyrone, NM
Population 664 · New Mexico
About Tyrone, NM
Tyrone is a small community located in New Mexico with a population of 664 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,250 per year, which is 38% below the national median of $75,149. The median age of 34.9 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 Tyrone features a median home value of $176,100, which is 28% below the national median of $244,900. This positions Tyrone 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 338 total housing units, 67% are owner-occupied (167 units) and 33% are renter-occupied (81 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tyrone shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 30.0%, above the national average of 12.4%. Workers in Tyrone have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
27.2% of Tyrone 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 57.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Tyrone, NM
Compared to national averages, Tyrone has a median household income of $46,250 (38% below the national median of $75,149). Home values average $176,100, which is 28% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Tyrone's income is 31% below the state average of $67,435, and home values are 25% below the state median of $233,762.
Why Live in Tyrone, NM?
Tyrone offers affordable housing with a median home value of $176,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($46,250) that falls below the national average. However, Tyrone’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tyrone has a population of 664 with a median age of 34.9 years. Compare Tyrone with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Tyrone
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| McCartys Village | 670 | $43,845 | $0 | Compare |
| San Ildefonso Pueblo | 670 | $73,333 | $241,700 | Compare |
| Acomita Lake | 649 | $81,797 | $0 | Compare |
| Pecan Park | 680 | $0 | $0 | Compare |
| Prewitt | 645 | $22,966 | $30,300 | Compare |
| Livingston Wheeler | 643 | $0 | $164,300 | Compare |
| Seama | 686 | $0 | $32,600 | Compare |
| Tortugas | 642 | $29,096 | $0 | 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 Tyrone With Other Cities
Frequently Asked Questions about Tyrone
What is the population of Tyrone, NM?
The population of Tyrone, NM is 664 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 Tyrone?
The median household income in Tyrone, NM is $46,250 per year, which is 38% below the national median of $75,149.
What is the median home value in Tyrone?
The median home value in Tyrone, NM is $176,100, which is 28% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tyrone?
The median monthly rent in Tyrone, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Tyrone?
The unemployment rate in Tyrone, NM is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tyrone, NM a good place to live?
Tyrone offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 664 and a median age of 34.9, the city appeals to young professionals and families.
How educated is Tyrone, NM?
27.2% of residents in Tyrone 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 Tyrone?
Key cost-of-living indicators for Tyrone, NM: median home value is $176,100 (28% below national), median rent is $0/month, and median household income is $46,250. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Tyrone?
The poverty rate in Tyrone, NM is 30.0%, 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 Tyrone, NM?
Tyrone's population is 57.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.4% two or more races. 2.6% of residents are foreign-born.