Magdalena, New Mexico

Population

Down 3.8% since 2020.

776

people, the 71st-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

The workday

9 in 10 jobs here go to people who live somewhere else.

87.0%

of 246 jobs located in Magdalena are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is $563 a month.

$563

a month. New Mexico's median is $1,067.

Census ACS 5-year, 2005-2009 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent jumps $157.

A $157 gap between neighbors, the sharpest rent edge between adjacent tracts in Socorro County.

• $588 Tract 9782
• $745 Tract 9783.01

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,061–$1,592

is the monthly rent range local workforce wages support.

• $563 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2005-2009. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 94% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0–0.2% to the 819 homes here.

0–2

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

Home value

A median home costs 60% less than New Mexico's.

$99,500

median home value in Magdalena.

• $99,500 Magdalena
• $248,100 New Mexico
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year