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CITY

Madrid

New Mexico · 292 residents · 1.39 sq mi
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The short version

The city has grown rapidly, with population up 96% since 2000. 83% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than tripled since 2000, reaching $488,200. With a median age of 59.4, the population is older than the US median of 38.9. The poverty rate of 44.5% is well above the national figure.

At a glance
Older
median age 59.4
US median: 38.9
More educated
83% hold a bachelor's degree
US average: 36%
Less affordable
home values up 182%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
292
+96%since 2000
from 149 in 2000
2000 – 2024
Population density
210 / sq mi
+96%since 2000
from 107 / sq mi in 2000
US average: 281
Median age
59.4
+53%since 2000
from 38.9 in 2000
US average: 38.9
Population, 2000 – 2024
351051752453152000201020202024Madrid
2024292
2000201020202024
Section 02

Income & economy

Per capita income
$50,653
+153%since 2000
from $20,025 in 2000
US average: $44,673
Households earning $100K+
25.4%
+25.4 ptssince 2009
from 0.0% in 2009
US average: 53.3%
Poverty rate
44.5%
+24.7 ptssince 2000
from 19.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.702
+55%since 2010
from 0.453 in 2010
US average: 0.476
Workforce by industry, 2024
Arts, entertainment, food30.2%
US avg: 1.9%
Information9.4%
US avg: 10.8%
Wholesale trade8.5%
US avg: 6.9%
Retail trade7.5%
US avg: 9.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$488,200
+182%inflation adjusted, since 2000
from $95,000 in 2000
US average: $376,019
2000 – 2024
Owner-occupied
33.3%
−30.1 ptssince 2000
from 63.4% in 2000
66.7% rent
Vacancy rate
21.4%
+21.4 ptssince 2009
from 0.0% in 2009
US average: 10.0%
Owner cost-burdened
23.7%
+23.7 ptssince 2009
from 0.0% in 2009
US average: 22.9%
Renter cost-burdened
0.0%
−74.5 ptssince 2009
from 74.5% in 2009
US average: 47.4%
RELATED:See current rent listings in Madrid on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic73.8%(110)
Black2%(3)
Hispanic / Latino20.8%(31)
Asian0%(0)
Other0%
Diversity Score46.2%(69)
2024
White, non-Hispanic89.7%(262)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other10.3%(30)
Diversity Score23%(67)
Diversity Score
23
−50%since 2000
from 46 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
82.9%
+32.3 ptssince 2000
from 50.6% in 2000
US average: 35.6%
High school or higher
100.0%
Unchangedsince 2000
from 100.0% in 2000
US average: 89.6%
Graduate degree
16.8%
−21.8 ptssince 2000
from 38.6% in 2000
US average: 14.0%
Section 06

Commute & transportation

Drive alone to work
31.1%
+10.4 ptssince 2009
from 20.7% in 2009
US average: 68.9%
Carpooled to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
17.0%
−43.4 ptssince 2009
from 60.3% in 2009
US average: 15.0%
Walked to work
51.9%
+32.9 ptssince 2009
from 19.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
Unchangedsince 2011
from 0.0% in 2011
US average: 5.2%
Labor force participation
36.3%
−56.1 ptssince 2011
from 92.4% in 2011
US average: 63.5%
Self-employed
10.4%
+10.4 ptssince 2009
from 0.0% in 2009
US average: 13.1%
Management & professional
51.9%
−48.1 ptssince 2009
from 100.0% in 2009
US average: 42.5%
Section 08

People & community

Male
63.0%
−26.6 ptssince 2009
from 89.7% in 2009
Female
37.0%
+26.6 ptssince 2009
from 10.3% in 2009
Foreign born
4.5%
+4.5 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
0.0%
−89.7 ptssince 2009
from 89.7% in 2009
US average: 6.2%
With a disability
0.0%
−6.6 ptssince 2012
from 6.6% in 2012
US average: 13.3%
Uninsured
41.8%
−35.7 ptssince 2013
from 77.5% in 2013
US average: 8.4%
Broadband at home
37.3%
−21.9 ptssince 2017
from 59.2% in 2017
US average: 91.0%
English only at home
100.0%
Unchangedsince 2016
from 100.0% in 2016
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2016
from 0.0% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Madrid to nearby cities

MADRID VS
Santa Fe
Income$73,482
Home value$444,900−9%
Population89,837+30666%
SEE FULL COMPARISON →
MADRID VS
Bernalillo
Income$63,880
Home value$255,500−48%
Population9,159+3037%
SEE FULL COMPARISON →
MADRID VS
Corrales
Income$102,307
Home value$571,500+17%
Population8,484+2805%
SEE FULL COMPARISON →
MADRID VS
North Valley
Income$61,498
Home value$302,700−38%
Population10,455+3480%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madrid, New Mexico?

Madrid, New Mexico has about 292 residents according to the 2024 American Community Survey.

Is Madrid, New Mexico expensive?

In Madrid, New Mexico, the median home is worth about $488,200.

How educated are people in Madrid, New Mexico?

About 82.9% of adults age 25 and over in Madrid, New Mexico hold a bachelor's degree or higher.

What is the poverty rate in Madrid, New Mexico?

About 44.5% of people in Madrid, New Mexico live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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