Monument CDP, New Mexico
Population 283

Overview

Housing
Median Home Value
$74,100
Half are $23,400 - $92,500
Median Year Housing Built
1976
Employment & Commute
Median Household Income
$87,000
Unemployment Rate
32.0%

The city of Monument is a rural city located in southeast New Mexico. While many may refer to it as a city, it actually is a census designated place (CDP). Monument is one of 5 cities in Lea County.

Monument, NM is a Place (Census Designated):
Often referred to as cities, places can be categorized as Census Designated Places (CDP) or legal entities. The places that are legal entities provide governmental functions. CDPs have no governmental authority and exist only for statistical purposes. They are similar to legal entities in that they are a concentrated population identifiable by a name. Neither cross state lines, but may extend across county lines. A CDP may not extend into a legal entity.
Need a wider view? Monument, NM is a part of the Hobbs, NM Micro Area.

Housing

1976

Median Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

$74,100

Median Owner Occupied Home Value

0.8

Housing Affordability (Median Multiple)

The median multiple is the ratio of median house price by the median annual household income. In other words, how many years would it take for the median income to pay off the median home price? Higher values indicate that the incomes in the area are not high enough to warrant the higher home prices. Anything under 3 is considered affordable while higher values indicate that housing is not affordable.

Employment

$87,321

Median Household Income

31.9

Household Income Inequality

Income inequality is measured using the Gini coefficient. Lower values indicate that household income is spread evenly across the income groups. Higher values indicate that one income group is much more common than others.

$60,074

Median Annual Individual EarningsPast 12 months for the Population Ages 16+ With Earnings

41%

Unadjusted Gender Pay GapPopulation Ages 16+ with Earnings

The unadjusted gender pay gap is the median indvidiual female earnings as a percentage of male earnings. In other words, women who work in Monument, NM generally make around 4126% of what men do. Much of that difference is likely due to the number of hours worked (see the Full Time vs Part Time Work chart), occupations chosen (see the Employed by Occupation chart), education, and job experience. Adjusting for each of those factors to see what women with similar qualifications and jobs make compared to men is difficult, but the adjusted pay gap would be more likely to show the difference due to discrimination, difference in ability, or willingness to negotiate pay. For these reasons, differences in the gender pay shown here may be more likely to show the gender ideals in an area than the discriminatory practices.

32.0%

Unemployment RatePopulation Ages 16+ in the Civilian Labor Force

To classify as unemployed, people must not be in the military and must be actively looking for work (also known as the U3 measure of unemployment which is the official unemployment rate). In Monument, NM, 30% of the population ages 16+ are not employed, but are also not looking for work so they are not considered in the unemployment rate. See the Labor Force Participation Rate for more information.

70%

Labor Force Participation RatePopulation Ages 16+

People in the labor force include those in the armed forces as well as civilians who are employed or classified as unemployed. To classify as unemployed, people must be actively looking for work. Common people that are not considered in the labor force are students, homemakers, retired workers, seasonal workers not currently looking for work, and institutionalized people. In Monument, NM, 30% of people are neither employed or looking for work.

Demographics

283

Total Population

27

Racial and Ethnic Diversity

The racial and ethnic diversity index measures the probability that any two people chose at random from Monument, NM are of different races or ethnicities where higher numbers represent more diversity. It was developed by the University of North Carolina and USA Today in 1991 and adapted in 2000 to account for differences in Census questions. It uses the same calculation methods as the Gini Index used by the Census Bureau to determine household income inequality.

Climate

The climate estimates use Monument, NM weather from 1971 to 2000 at the nearest official weather station which is located at PE.

Average Daily Temperatures by Month (°F)

Average Monthly Precipitation (Inches)

Summer High Temps

This weather station's average summer high temps are higher than 80% of other weather stations.

Winter Low Temps

This weather station's average winter low temps are higher than 69% of other weather stations.

Precipitation Levels

This weather station's average precipitation levels are lower than 84% of other weather stations.

Entity Info

PropertySourceValue
State2013 ACSNM
Summary Level2013 ACS160 (place)
Logical Record Number2010 Census0176747
Logical Record Number2013 ACS0003467
Region2013 ACS4
Division2013 ACS8
State FIPS2013 ACS35
Place FIPS2013 ACS49950
Metro Micro Politan Statistical Area Principal City Indicator2010 CensusN
New England City & Town Area Principal City Indicator2010 CensusN
Name2010 CensusMonument CDP
Name2013 ACSMonument CDP, New Mexico
Functional Status Code2010 CensusS
Legal Statistical Area Description Code2013 ACS57
State ANSI2010 Census00897535
Place ANSI2010 Census02629120
Full GEOID2013 ACS16000US3549950
GEOID2013 ACS3549950
Population2010 Census206
Population2013 ACS283
Housing Units2010 Census96
Housing Units2013 ACS139
Land Area2013 ACS5.3 square miles
Water Area2010 Census0
Population Density2013 ACS53.6 people per sq. mile
Minimum Bounding Rectangle Or Bounding Box2013 ACS[32.600679,-103.299269], [32.643746,-103.255945],
Centroid Or Center Coordinates2013 ACS32.624338698729, -103.27761768238
FIPS Place Class Code2010 CensusU1
Place Size Code2010 Census05