Wagon Mound, NM
Population 587 · New Mexico
About Wagon Mound, NM
Wagon Mound is a small community in New Mexico with a population of 587 residents. The median household income is $41,823 per year, which is below the national average. The median age in Wagon Mound is 62.3 years.
Housing in Wagon Mound has a median home value of $0 and median monthly rent of $611. Of the 349 total housing units, the majority are owner-occupied, with 206 owner-occupied and 78 renter-occupied units.
The unemployment rate in Wagon Mound is 5.4% and the poverty rate is 15.0%. 33.3% of residents hold a bachelor's degree or higher. The average commute time is 21.4 minutes.
How Wagon Mound Ranks in New Mexico
Cost of Living in Wagon Mound, NM
Compared to national averages, Wagon Mound has a median household income of $41,823 (44% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $611 is 47% below the US average of $1,163. Within New Mexico, Wagon Mound's income is 38% below the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Wagon Mound, NM?
Wagon Mound 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 $611/month, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($41,823) that falls below the national average. However, Wagon Mound’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wagon Mound has a population of 587 with a median age of 62.3 years. Compare Wagon Mound with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Wagon Mound
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mesquite | 584 | $68,330 | $96,900 | Compare |
| Encinal | 591 | $0 | $0 | Compare |
| Cuartelez | 594 | $0 | $372,600 | Compare |
| Torreon CDP (Sandoval County), New Mexico | 594 | $0 | $0 | Compare |
| Hagerman | 599 | $68,750 | $72,900 | Compare |
| Kirtland | 575 | $91,111 | $280,000 | Compare |
| Williamsburg | 599 | $36,023 | $75,200 | Compare |
| Chamberino | 601 | $60,694 | $195,800 | 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.
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Frequently Asked Questions about Wagon Mound
What is the population of Wagon Mound, NM?
The population of Wagon Mound, NM is 587 according to the latest Census data.
What is the median household income in Wagon Mound?
The median household income in Wagon Mound, NM is $41,823 per year.
What is the median home value in Wagon Mound?
The median home value in Wagon Mound, NM is $0.
What is the average rent in Wagon Mound?
The median monthly rent in Wagon Mound, NM is $611.
What is the unemployment rate in Wagon Mound?
The unemployment rate in Wagon Mound, NM is 5.4%.