Monument, New Mexico Demographics & Population 2026
During the 2020–2024 ACS period, Monument, New Mexico had a total population of 432, the 272nd largest community in New Mexico. The poverty rate is 2.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 2.5% — among the lowest in New Mexico.
- Only 0.0% of adults have a bachelor's degree, well below the national average of 35.7%.
Monument Quick Facts
How Monument Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 437 | 432 | -1.1% |
| Median home value | $265,900 | $261,400 | -1.7% |
How Monument Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 63 | National average: 61
Education
Educational Attainment (Adults 25+)
Monument Rankings in New Mexico
Explore New Mexico Rankings
Other Cities in Lea County
Cities Similar to Monument
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Tierra Amarilla | 429 | N/A | N/A | 0.0% | 0.0% |
| Cañon | 436 | $99,545 | $651,300 | 47.4% | 0.0% |
| Peak Place | 427 | $40,938 | $13,800 | 17.8% | 32.6% |
| Jamestown | 439 | $145,172 | $157,800 | 9.3% | 14.1% |
| Melrose | 447 | $32,750 | $78,500 | 7.1% | 38.7% |
A note before these figures: with a population of 432, Monument's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Monument is a small community located in New Mexico, within Lea County. The total population is 432. It ranks as the 272nd most populous out of 495 Census-designated places in New Mexico.
Age Demographics
The median age in Monument is 26.1 years. This is 34% lower than the state median of 39.4 years. With 49.1% of the population under 18, Monument has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The poverty rate stands at 2.5%. This is 86% lower than the state poverty rate of 17.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The survey records no unemployed residents in Monument, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $261,400. Housing costs are 5% higher than the state median of $248,100. 44.0% of occupied housing units are owner-occupied. This homeownership rate is 37% lower than the state average of 70.0%.
Race & Ethnicity
The largest racial or ethnic group in Monument is Hispanic or Latino, making up 80.3% of the population. White (non-Hispanic) residents account for 4.2%. The White (non-Hispanic) population (4.2%) is well below the state average of 36.0%. The Hispanic or Latino population is significantly higher than the state average (80.3% vs 48.4%).
Education
0.0% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 38.6%.
Data Sources & Methodology
All demographic data for Monument, New Mexico is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Mexico state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 495 Census-designated places in New Mexico. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Monument, New Mexico?
Monument, New Mexico has a population of 432 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Monument, NM?
The Census Bureau does not publish a reliable median household income estimate for Monument — the community is too small for the ACS sample. The national median is $80,734.
What is the poverty rate in Monument, NM?
The poverty rate in Monument is 2.5%. This means approximately 11 residents live below the federal poverty line.
What is the racial makeup of Monument, New Mexico?
Monument's population is 4.2% White, 0.0% Black, 80.3% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Monument, NM?
The median home value in Monument is $261,400.
How educated is Monument, New Mexico?
0.0% of adults (25+) in Monument hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.