Truth or Consequences, NM Profile: Facts & Data

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Truth or Consequences, New Mexico - Basic Facts

The City of Truth or Consequences had a population of 5,960 as of July 1, 2023.

The primary coordinate point for Truth or Consequences is located at latitude 33.1284 and longitude -107.2528 in Sierra County. The formal boundaries for the City of Truth or Consequences encompass a land area of 27.57 sq. miles and a water area of 0.13 sq. miles. Sierra County is in the Mountain time zone (GMT -7).

The City of Truth or Consequences 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 Truth or Consequences is located within Truth or Consequences East Division of Sierra County.


Jump to... (On This Page!)
  1. Truth or Consequences 2023 Demographic Data
  2. Growth Rates for Truth or Consequences (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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Truth or Consequences, NM Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 5,960 (100%)
Population in Households 5,778 (96.9%)
Population in Families 3,644 (61.1%)
Population in Group Quarters1 182 ( 3.1%)
Population Density 213
Diversity Index2 66
 
 

INCOME

Median Household Income $28,688
Average Household Income $48,605
% of Income for Mortgage4 18%
Per Capita Income $25,192
Wealth Index5 35
Socioeconomic Status Index6 Low (42.9)
 

HOUSING

Total HU (Housing Units) 3,982 (100%)
Owner Occupied HU 2,067 (51.9%)
Renter Occupied HU 1,015 (25.5%)
Vacant Housing Units 900 (22.6%)
Median Home Value $87,582
Average Home Value $172,738
Housing Affordability Index3 137
 

HOUSEHOLDS

Total Households 3,082
Average Household Size 1.87
Family Households 1,341
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 -0.47% -0.13%
Households 0.15% 0.12%
Families   -0.10%
Median Household Income   1.77%
Per Capita Income   2.56%
Owner Occupied HU   0.07%

Truth or Consequences, NM - Peer Comparisons by Rank and Percentile

The table below compares Truth or Consequences 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 # 39 93rd
Population Density # 225 57th
Median Household Income # 474 10th
Housing Affordability Index # 385 73rd
Per Capita Income # 304 43rd
Diversity Index # 345 35th

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

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