Wagon Mound, NM
Population 587 · New Mexico
About Wagon Mound, NM
Wagon Mound is a small community located in New Mexico with a population of 587 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,823 per year, which is 44% below the national median of $75,149. The median age of 62.3 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 Wagon Mound features a median home value of $0, which is 100% below the national median of $244,900. This makes Wagon Mound one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $611, 47% below the national average of $1,163/month. Of the 349 total housing units, 73% are owner-occupied (206 units) and 27% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wagon Mound shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 15.0%, above the national average of 12.4%. Workers in Wagon Mound have an average one-way commute time of 21.4 minutes.
Education & Demographics
33.3% of Wagon Mound 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 23.5% White, 4.4% Hispanic or Latino, 3.1% Black or African American, and 41.6% Asian residents, with 0.3% of the population being foreign-born.
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.
Compare Wagon Mound With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Wagon Mound?
The median household income in Wagon Mound, NM is $41,823 per year, which is 44% below the national median of $75,149.
What is the median home value in Wagon Mound?
The median home value in Wagon Mound, 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 Wagon Mound?
The median monthly rent in Wagon Mound, NM is $611, which is 47% below the national average of $1,163/month.
What is the unemployment rate in Wagon Mound?
The unemployment rate in Wagon Mound, NM is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wagon Mound, NM a good place to live?
Wagon Mound offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 587 and a median age of 62.3, the city appeals to established professionals and retirees.
How educated is Wagon Mound, NM?
33.3% of residents in Wagon Mound 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 Wagon Mound?
Key cost-of-living indicators for Wagon Mound, NM: median home value is $0 (100% below national), median rent is $611/month, and median household income is $41,823. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wagon Mound?
The poverty rate in Wagon Mound, NM is 15.0%, 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 Wagon Mound, NM?
Wagon Mound's population is 23.5% White, 4.4% Hispanic or Latino, 3.1% Black or African American, 41.6% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.