Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Crime
High crime rates per 100,000 people are reported in this area, potentially indicating that it is an unsafe place to live. These statistics consider both violent and property offenses.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Meadow Lake is a small city located in the state of New Mexico. The city has a population of 4,266 inhabitants. According to the most recent Census, 73% of Meadow Lake residents are White, 2% American Indian and Alaskan and 0% Black. Additionally, more than a quarter of the population of Meadow Lake are of Hispanic or Latino origin, and 42% of the population also speak Spanish. Meadow Lake is not known to have a high population (over 15 years old) of married people. At only 46% married, this city falls well below the national average. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Meadow Lake entails a longer-than-average one-way commute time, averaging 40 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Meadow Lake could be a positive experience compared to other cities in New Mexico if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Meadow Lake, AreaVibes has created a livability score using key metrics like crime, cost of living, health & safety, employment, housing and more.
Meadow Lake has a livability score of 47 out of 100 and is ranked #310 in New Mexico and #26,065 in the USA. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Meadow Lake may not be a pleasant experience. For each of the livability categories, we can establish that Meadow Lake ranks very well for housing (A-). On a more negative note, Meadow Lake does not have favorable ranks for the following: amenities (F), crime (F), education (F) and employment (F). If we take a look at the data, we can find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Meadow Lake, residents enjoy the privilege of a cost of living that is 20.11% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Meadow Lake an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Meadow Lake has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Meadow Lake is real estate affordability. The median home price for Meadow Lake homes is $70,500, which is 56.4% lower than the New Mexico average. If we take a closer look at the affordability of homes in Meadow Lake, we’ll see that the home price to income ratio is 1.9, which is 45.7% lower than the New Mexico average.
| Statistic | Meadow Lake | New Mexico | National |
| Average one way commute | 40min | 22min | 26min |
| Workers who drive to work | 88.8% | 79.8% | 76.4% |
| Workers who carpool | 8.5% | 10.1% | 9.3% |
| Workers who take public transit | 0.5% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 2.2% | 2.8% |
| Working from home | 2.2% | 4.7% | 4.6% |
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