Fairacres, NM

Census Place

2024 Population

616

US Senator

Martin Heinrich

Democratic Party

US Senator

Ben Ray Luján

Democratic Party

2024 Median Age

46.3

5.47% 1-year increase

2024 Poverty Rate

13.6%

50.6% 1-year decrease

2020 Median Household Income

$88,824

2024 Median Property Value

$279,200

29.4% 1-year growth

Population & Diversity

Fairacres, NM is home to a population of 616 people, from which 97.4% are citizens.

As of 2024, 8.77% of Fairacres, NM residents were born outside of the country (54 people).

In 2024, there were 1.11 times more White (Non-Hispanic) residents (225 people) in Fairacres, NM than any other race or ethnicity. There were 202 Two Races Excluding Other, & Three or More Races (Hispanic) and 92 White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.4%

2024 Citizenship

95.7%

2023 Citizenship

As of 2024, 97.4% of Fairacres, NM residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Fairacres, NM was 95.7%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Fairacres, NM compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Fairacres, NM

White (Non-Hispanic)
225 ± 135
Two Races Excluding Other, & Three or More Races (Hispanic)
202 ± 244
White (Hispanic)
92 ± 77

59.3%

Hispanic Population

365 people

59.3% of the people in Fairacres, NM are hispanic (365 people).

The following chart shows the 8 races represented in Fairacres, NM as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Mexico.

Most Common Origin

Mexico
126,568 ± 8,470 people
Philippines
6,950 ± 2,043 people
Germany
4,158 ± 1,582 people

In 2024, the most common birthplace for the foreign-born residents of New Mexico was Mexico, the natal country of 126,568 New Mexico residents, followed by Philippines with 6,950 and Germany with 4,158.

Foreign-Born Population

8.77%

2024 Foreign-Born Population

54 people

4.3%

2023 Foreign-Born Population

17 people

As of 2024, 8.77% of Fairacres, NM residents (54 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Fairacres, NM was 4.3%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Fairacres, NM compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
84 ± 96
Vietnam
39 ± 46
Gulf War (1990s)
2 ± 18

Fairacres, NM has a large population of military personnel who served in Gulf War (2001-), 2.15 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Fairacres, NM.

Economy

The economy of Fairacres, NM employs 236 people. In 2024, the largest industries in Fairacres, NM were Transportation & Warehousing (75 people), Information (55 people), and Retail Trade (41 people), and the highest paying industries were Information ($150,938), Transportation & Warehousing ($85,625), and Transportation & Warehousing, & Utilities ($85,625).

Employment

Occupations

236

2024 Value

± 149

52.3%

1 Year growth

± 74%

From 2023 to 2024, employment in Fairacres, NM grew at a rate of 52.3%, from 155 employees to 236 employees.

The most common job groups, by number of people living in Fairacres, NM, are Office & Administrative Support Occupations (105 people), Law Enforcement Workers Including Supervisors (33 people), and Sales & Related Occupations (28 people). This chart illustrates the share breakdown of the primary jobs held by residents of Fairacres, NM.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for New Mexico.

This chart shows weekly unemployment insurance claims in New Mexico (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

236

2024 Value

± 149

52.3%

1 Year growth

± 74%

From 2023 to 2024, employment in Fairacres, NM grew at a rate of 52.3%, from 155 employees to 236 employees.

The most common employment sectors for those who live in Fairacres, NM, are Transportation & Warehousing (75 people), Information (55 people), and Retail Trade (41 people). This chart shows the share breakdown of the primary industries for residents of Fairacres, NM, though some of these residents may live in Fairacres, NM and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$34,732

Median earning men ± $96,248

$55,461

Median earning women ± $24,440

The industries with the best median earnings for men in 2024 are Transportation & Warehousing, & Utilities ($86,100) and Retail Trade ($29,375).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Fairacres, NM was $279,200 in 2024, which is 0.839 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $215,800 to $279,200, a 29.4% increase. The homeownership rate in Fairacres, NM is 94.3%, which is higher than the national average of 65.2%.

People in Fairacres, NM have an average commute time of 16.6 minutes, and they drove alone to work. Car ownership in Fairacres, NM is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$279,200

Median Property Value 2024

±$175,718

$231

Median Property Taxes

±$121

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Fairacres, NM the largest share of households pay taxes in the $1,500 - $2k range.

The chart underneath the paragraph shows the property taxes in Fairacres, NM compared to it's parent and neighbor geographies.

Rent vs Own

94.3%

Homeownership

2024

41.3%

Homeowners with Mortgage

2024

In 2024, 94.3% of the housing units in Fairacres, NM were occupied by their owner. This percentage declined from the previous year's rate of 96.1%.

This chart shows the percentage of owner in Fairacres, NM compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$88,824

Median Household Income

± $84,187

245

Number of Households

± 125

The following chart displays the households in Fairacres, NM distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $150k - $200k range.

Wage Distribution

The closest comparable wage GINI for Fairacres, NM is from New Mexico.

0.46

2024 Wage GINI in New Mexico

0.462

2023 Wage GINI in New Mexico

In 2024, the income inequality in New Mexico was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.506% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for New Mexico was lower than than the national average of 0.474. In other words, wages are distributed more evenly in New Mexico in comparison to the national average.

This chart shows the number of workers in New Mexico across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (94.9%)
Worked At Home (4.66%)
Other (0.424%)

In 2024, 94.9% of workers in Fairacres, NM drove alone to work, followed by those who worked at home (4.66%) and those who used some unspecified means to get work (0.424%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

16.6 minutes

Average Travel Time

Using averages, employees in Fairacres, NM have a shorter commute time (16.6 minutes) than the normal US worker (26.4 minutes). Additionally, 0.444% of the workforce in Fairacres, NM have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Fairacres, NM compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Fairacres, NM distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Fairacres, NM have 2 cars.

Poverty

Poverty & Diversity

13.6% of the population for whom poverty status is determined in Fairacres, NM (84 out of 616 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 45 - 54, followed by Males 45 - 54 and then Females < 5.

The most common racial or ethnic group living below the poverty line in Fairacres, NM is Hispanic, followed by White and Other.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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