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CITY

Velarde

New Mexico · 229 residents · 2.553 sq mi
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Part of the Española micropolitan area
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The short version

Velarde is wealthier than most US places, with a median household income of $97,776. Population has declined 8% since 2023. With a median age of 70.1, the population is older than the US median of 38.9. Poverty is rare here, at 0.0% of residents. It sits in the top 10% of US cities for household income. Households here earn about 53% more than the New Mexico median.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 70.1
US median: 38.9
More educated
41% hold a bachelor's degree
US average: 36%
Owner-heavy
62% owner-occupied
US average: 65%
Section 01

Population & growth

Total population
229
−8%since 2023
from 248 in 2023
2010 – 2024
Population density
90 / sq mi
−8%since 2023
from 97 / sq mi in 2023
US average: 281
Median age
70.1
+47%since 2023
from 47.8 in 2023
US average: 38.9
Population, 2010 – 2024
80198317435554201020202024Velarde
2024229
201020202024
Section 02

Income & economy

Median household income
$97,776
+49%inflation adjusted, since 2023
from $63,707 in 2023
US average: $82,259
2010 – 2024
Per capita income
$85,655
+116%since 2023
from $39,718 in 2023
US average: $44,673
Households earning $100K+
61.6%
+29.6 ptssince 2023
from 31.9% in 2023
US average: 53.3%
Poverty rate
0.0%
−38.7 ptssince 2023
from 38.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.102
−64%since 2023
from 0.282 in 2023
US average: 0.476
Workforce by industry, 2024
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Retail trade0%
US avg: 9.9%
Transportation & warehousing0%
US avg: 2.2%
Information0%
US avg: 10.8%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$234,100
US average: $376,019
2010 – 2024
Owner-occupied
61.6%
+21.2 ptssince 2023
from 40.4% in 2023
38.4% rent
Vacancy rate
17.3%
−14.1 ptssince 2023
from 31.4% in 2023
US average: 10.0%
Owner cost-burdened
0.0%
−20.9 ptssince 2023
from 20.9% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
2.4
2010 – 2024
Gentrification Score
90
RELATED:See current rent listings in Velarde on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic0%(0)
Black0%(0)
Hispanic / Latino100%(248)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2024
White, non-Hispanic0%(0)
Black0%(0)
Hispanic / Latino100%(229)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
Diversity Score
0
from 0 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
41.5%
+8.2 ptssince 2023
from 33.3% in 2023
US average: 35.6%
High school or higher
100.0%
+7.0 ptssince 2023
from 93.0% in 2023
US average: 89.6%
Graduate degree
33.6%
+7.3 ptssince 2023
from 26.4% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
37.4 min
+9%since 2023
from 34.4 min in 2023
US average: 26.5
Drive alone to work
57.9%
−10.1 ptssince 2023
from 68.1% in 2023
US average: 68.9%
Carpooled to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
Public transit
42.1%
+10.1 ptssince 2023
from 31.9% in 2023
US average: 3.2%
Worked from home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
7.9%
+7.9 ptssince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 5.2%
Labor force participation
79.9%
−2.7 ptssince 2023
from 82.6% in 2023
US average: 63.5%
Self-employed
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.1%
Management & professional
57.9%
−1.7 ptssince 2023
from 59.6% in 2023
US average: 42.5%
Section 08

People & community

Male
100.0%
+21.0 ptssince 2023
from 79.0% in 2023
Female
0.0%
−21.0 ptssince 2023
from 21.0% in 2023
Foreign born
7.9%
+2.2 ptssince 2023
from 5.6% in 2023
US average: 14.1%
Veterans
53.7%
+27.3 ptssince 2023
from 26.4% in 2023
US average: 6.2%
With a disability
20.1%
+20.1 ptssince 2023
from 0.0% in 2023
US average: 13.3%
Uninsured
38.4%
−15.2 ptssince 2023
from 53.6% in 2023
US average: 8.4%
Broadband at home
66.4%
+31.5 ptssince 2023
from 34.9% in 2023
US average: 91.0%
English only at home
46.3%
+11.9 ptssince 2023
from 34.4% in 2023
US average: 77.7%
Spanish at home
53.7%
−11.9 ptssince 2023
from 65.6% in 2023
US average: 13.6%
Drill deeper

Places similar to Velarde

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Pop 189
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Sorrento
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Head to head

Compare Velarde to nearby cities

VELARDE VS
Española
Income$47,667−51%
Home value$210,800−10%
Population10,458+4467%
SEE FULL COMPARISON →
VELARDE VS
Los Alamos
Income$141,018+44%
Home value$501,800+114%
Population13,317+5715%
SEE FULL COMPARISON →
VELARDE VS
Santa Fe
Income$73,482−25%
Home value$444,900+90%
Population89,837+39130%
SEE FULL COMPARISON →
VELARDE VS
Las Vegas
Income$45,125−54%
Home value$155,300−34%
Population12,574+5391%
SEE FULL COMPARISON →
Frequently asked

How many people live in Velarde, New Mexico?

Velarde, New Mexico has about 229 residents according to the 2024 American Community Survey.

What is the median household income in Velarde, New Mexico?

The typical household in Velarde, New Mexico earns about $97,776 a year. Half of households make more than that, and half make less.

Is Velarde, New Mexico expensive?

In Velarde, New Mexico, the median home is worth about $234,100.

How educated are people in Velarde, New Mexico?

About 41.5% of adults age 25 and over in Velarde, New Mexico hold a bachelor's degree or higher.

What is the poverty rate in Velarde, New Mexico?

About 0.0% of people in Velarde, 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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