Las Vegas, New Mexico
2026 Edition · 10 cards · data as of Oct 30, 2026
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Population
Down 4.6% since 2020.
12,574
people, the 16th-largest of New Mexico's cities and towns.
Census Population Estimates, 2025. Rank among New Mexico's cities and towns computed by the Almanac. Sources: Census Population Estimates
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The workday
5 in 10 jobs here go to people who live somewhere else.
53.8%
of 5,616 jobs located in Las Vegas are filled by in-commuters.
Census LEHD LODES, 2023. Sources: Census LEHD LODES
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Rent
Median rent is up 56% since the 2005–2009 survey, before inflation.
$792
a month. New Mexico's median is $1,067.
Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year
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The seam
Cross one tract line and median rent doubles.
A $532 gap between neighbors, the sharpest rent edge between adjacent tracts in San Miguel County.
- $449 Tract 9578
- $981 Tract 9574
Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year
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Room to build
Local wages can carry more rent than the median charged today.
$848–$1,272
is the monthly rent range local workforce wages support.
- $792 median
Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year
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Building
Most of the housing here is older than 2000.
- 9 homes permitted in ten years, 2016–2025
- 0% of those were in multifamily buildings
- 92% of all homes were built before 2000
Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Sources: Census Building Permits Survey, Census ACS 5-year
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Units needed
Closing the gap would add 0.3–0.8% to the 6,951 homes here.
22–56
is the estimated number of missing housing units, from the lowest to the highest of three estimates.
Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac
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Home value
A median home costs 37% less than New Mexico's.
$155,300
median home value in Las Vegas.
- $155,300 Las Vegas
- $248,100 New Mexico
- $332,700 U.S.
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year