Median Income
$31,429
household / year
Median Home Value
$209,800
owner-occupied
Median Rent
$625
gross / month
Cost of Living
91
national avg = 100

Is Peñasco, NM a Good Place to Live?

Peñasco is a small town of 708 in New Mexico, with a median household income of $31,429 and a 5.6% unemployment rate. Its cost of living index is 91 (US average = 100), which is 9% below the national average.

Strengths: Peñasco stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Peñasco is right for you depends on your priorities — the full breakdown is below.

All Peñasco city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 91.1

Peñasco's overall cost of living index is 91.1, where 100 represents the US national average. Living in Peñasco costs roughly 9% less than the average American city.

Metric Peñasco, NM National Avg
Median Home Value $209,800 $244,900
Median Monthly Rent $625 $1,163
Homeownership Rate 69.0% 65.9%
Median Household Income $31,429 $74,755

Crime & Safety

Very Safe

Peñasco's violent crime rate is 204.7 per 100,000 residents — 46% lower than the national average of ~380 per 100,000.

Violent Crime
204.7 /100k
Property Crime
1197.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Peñasco is served primarily by PENASCO. The student-to-teacher ratio is 15.5:1 (better than the national average of ~16:1).

Metric Peñasco, NM National Avg
School District PENASCO —
Elementary Schools 1 —
Middle Schools 1 —
High Schools 1 —
Student/Teacher Ratio 15.5:1 16:1
Bachelor's Degree or Higher 13.4% 35.4%
High School Diploma or Higher 92.7% 91.1%

Weather & Climate

Peñasco sees average highs of 42.1°F in January and 86.5°F in July, with 25.7 inches of annual precipitation and 28.4 inches of snow per year.

MetricPeñasco, NM
Average High — January42.1°F
Average High — July86.5°F
Annual Precipitation25.7"
Annual Snowfall28.4"

Demographics

MetricPeñasco, NMNational Avg
Population708—
Median Age40.238.9
Unemployment Rate5.6%3.7%
Avg Commute Time28.7 min26 min
White (non-Hispanic)45.2%59.3%
Black or African American1.1%13.6%
Hispanic or Latino49.0%18.9%
Asian1.1%6.3%
Under 1822.3%22.2%
65 and over20.6%16.8%

Nearby Cities

ZIP Codes in Peñasco

Peñasco, NM is covered by 1 ZIP code:

Peñasco vs Other Cities

Frequently Asked Questions

Peñasco's cost of living index is 91, where 100 is the national average. That makes Peñasco roughly 9% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $209,800 and median rent is $625/month.
Peñasco's violent crime rate is 204.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1197.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Peñasco are operated by PENASCO. The district has 1 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 15.5:1. 13.4% of adults 25+ hold a bachelor's degree or higher.
Peñasco, NM has a population of 708, a median household income of $31,429, and an unemployment rate of 5.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Peñasco averages 42.1°F in January and 86.5°F in July. Annual rainfall is 25.7 inches with about 28.4 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Peñasco, NM is covered by 1 ZIP code: 87553.
The population of Peñasco, New Mexico is 708 with a median age of 40.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Peñasco: cost of living index 91 (100 = US average), median home $209,800, median household income $31,429, crime index 55 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Peñasco side by side with your current city to see the trade-offs.