Monument, NM Profile: Facts & Data


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Monument, New Mexico - Basic Facts

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The Monument CDP(1) had a population of 244 as of July 1, 2021. Monument ranks in the lower 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 Monument is located at latitude 32.624 and longitude -103.2644 in Lea County. The formal boundaries for the Monument Census Designated Place encompass a land area of 5.28 sq. miles and a water area of 0 sq. miles. Lea County is in the Mountain time zone (GMT -7). The elevation is 3,602 feet.

The Monument Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

New Mexico is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Monument Census Designated Place is located within Hobbs Division of Lea County.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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  1. Monument 2021 Demographic Data
  2. Growth Rates for Monument (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 - 2021 Demographics

Monument, NM Data & Demographics (As of July 1, 2021)


Total Population 244 (100%)
Population in Households 244 (100.0%)
Population in Families 202 (82.8%)
Population in Group Quarters1 0
Population Density 46
Diversity Index2 68


Median Household Income $62,009
Average Household Income $66,673
% of Income for Mortgage4 11%
Per Capita Income $24,465
Wealth Index5 53


Total HU (Housing Units) 113 (100%)
Owner Occupied HU 72 (63.7%)
Renter Occupied HU 23 (20.4%)
Vacant Housing Units 18 (15.9%)
Median Home Value $154,348
Average Home Value $188,542
Housing Affordability Index3 261


Total Households 95
Average Household Size 2.57
Family Households 65
Average Family Size 3
  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.


2010-2021 2021-2026
Population 1.52% 1.2%
Households 1.54% 1.23%
Families 1.5% 0.91%
Median Household Income   1.47%
Per Capita Income   2.12%
Owner Occupied HU   1.61%

Monument, NM - Peer Comparisons by Rank and Percentile

The table below compares Monument to the other 443 incorporated cities, towns and CDPs in New Mexico by rank and percentile using July 1, 2021 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 # 289 35th
Population Density # 367 17th
Median Household Income # 48 89th
Housing Affordability Index # 385 87th
Per Capita Income # 190 57th
Diversity Index # 195 56th

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

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