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Living In Meadow Lake, NM
Meadow Lake is a small town in New Mexico with a population of approximately 4,000. Young children account for a higher percentage of the population here (8%) than nationally (6%), making it a nice place to raise a family, while retirees are less well-represented. Overall, the town's residents, with an average age of just under 32, skew decidedly younger than most cities in New Mexico. Only 28% of residents rent in Meadow Lake, as most own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $684/month. Over the course of a year, renters in Meadow Lake will save around $2,300 compared to the state average.
Meadow Lake has a relatively large concentration of residents older than 25 with a high school degree or GED (23%) compared to the national average. Additionally, 2% possess a Bachelor's degree and 1% have earned a Master's degree or Doctorate. There are two primary industries in Meadow Lake: construction and entertainment. Together, these industries make up 13% of the workforce in the town. Meadow Lake workers earn an average annual income of just over $36K, less than their peers elsewhere in the state. The town's average income also trails the national average ($73,345).
Meadow Lake has an average commute time of about 40 minutes, slower than the New Mexico average of about 23 minutes. Driving a vehicle is the prevailing means of commuting to work, chosen by 31% of residents, while public transportation is not used widely. Relatively few commuters walk to work.
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