Las Vegas, NM Profile: Facts & Data

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Las Vegas, New Mexico - Basic Facts

The City of Las Vegas had a population of 13,149 as of July 1, 2023. Las Vegas ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New Mexico. See peer rankings below.

The primary coordinate point for Las Vegas is located at latitude 35.5939 and longitude -105.2239 in San Miguel County. The formal boundaries for the City of Las Vegas encompass a land area of 7.82 sq. miles and a water area of 0 sq. miles. San Miguel County is in the Mountain time zone (GMT -7).

The City of Las Vegas has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

New Mexico is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Las Vegas is located within Las Vegas Division of San Miguel County.


Jump to... (On This Page!)
  1. Las Vegas 2023 Demographic Data
  2. Growth Rates for Las Vegas (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Mexico Research Tools (Easy Tools & Current Data)
  3. New Mexico Data Comparison Tool - 2023 Demographics
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Las Vegas, NM Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 13,149 (100%)
Population in Households 12,352 (93.9%)
Population in Families 8,798 (66.9%)
Population in Group Quarters1 797 ( 6.1%)
Population Density 1,525
Diversity Index2 77
 
 

INCOME

Median Household Income $37,714
Average Household Income $56,594
% of Income for Mortgage4 22%
Per Capita Income $24,182
Wealth Index5 40
Socioeconomic Status Index6 Low (40.1)
 

HOUSING

Total HU (Housing Units) 6,602 (100%)
Owner Occupied HU 3,585 (54.3%)
Renter Occupied HU 2,019 (30.6%)
Vacant Housing Units 998 (15.1%)
Median Home Value $136,844
Average Home Value $175,969
Housing Affordability Index3 112
 

HOUSEHOLDS

Total Households 5,604
Average Household Size 2.20
Family Households 2,998
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.13% -0.38%
Households -0.04% -0.10%
Families   -0.37%
Median Household Income   1.76%
Per Capita Income   2.39%
Owner Occupied HU   -0.05%

Las Vegas, NM - Peer Comparisons by Rank and Percentile

The table below compares Las Vegas to the other 527 incorporated cities, towns and CDPs in New Mexico by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 17 97th
Population Density # 21 96th
Median Household Income # 379 28th
Housing Affordability Index # 308 58th
Per Capita Income # 322 39th
Diversity Index # 195 63rd

Additional comparisons and rankings can be made with a VERY EASY TO USE New Mexico Census Data Comparison Tool.

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