Is La Luz, New Mexico a Good Place To Live? - Living In La Luz, NM

Is La Luz, New Mexico a good place to live?
La Luz is a city in New Mexico state in USA with a population of 1222 residents.. The poverty rate of La Luz is 20.2%, which is 44% higher than national average. The typical household in La Luz earns $29559 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.7% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in La Luz are struggling financially. Nearly one in every 1 in every 10 workers in La Luz is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in La Luz, only 83% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of La Luz remained 10.2%, which is 117% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In La Luz, only 16% of adults have a bachelor's degree and 43% have some college but no degree.

Cost of living in La Luz is 0, which is 100% lower than national average. Median home value in La Luz is $77500 , which is 66% lower than national average. While median income in La Luz remained $29559, which is 56% lower than national average.
Population
1222
Unemployment
10.2%
117% NAT AVG.
Poverty
20.2%
44% NAT AVG.
Overall Score
4
Median Home Cost
$77500
66% NAT AVG.
Median Income
$29559
56% NAT AVG.
Median Rent
$589
49% NAT AVG.
People Living BPL
1 in 5
Unemployed People
1 in 10
People Earning < $10,000
1 in 13
People Earning < $50,000
59.7%
People with <= High School
1 in 2.4
People With Any Degree
1 in 3.2
Pros & Cons Overview

Jobs30%

Housing30%

Affordability60%

Safety30%

Amenities30%

Diversity80%

Education50%

Commute100%