Madrid, New Mexico has a population of 418, with a median household income of $68,114.
Current median income data for Madrid.
418
$68,114
4.00%
$321,114
0.40
137.80 Mbps
Madrid is a small local community located in New Mexico. The city has a population that is below the average city population in New Mexico, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in New Mexico, Madrid provides insight into regional population trends, income levels, and housing conditions.
Madrid has a population of 418, which is below the state average. This suggests a smaller and more localized community environment.
The median household income in Madrid is $68,114, which is above the state average. This reflects stronger earning potential and economic stability.
Housing prices in Madrid average around $321,114, which is relatively high compared to other cities in New Mexico.
The unemployment rate in Madrid is 4.00%, which is lower than the state average, indicating a relatively strong job market. Madrid has a lower crime rate than the state average, contributing to a relatively safer living environment.
Compared to other cities in New Mexico, Madrid shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
Overall, Madrid offers a balanced mix of economic conditions, population trends, and housing opportunities within New Mexico.
The population of Madrid is approximately 418.
Madrid offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Madrid is around $68,114.
The average housing price in Madrid is approximately $321,114.