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

Is Hatch, New Mexico a good place to live?
Hatch is a city in New Mexico state in USA with a population of 1955 residents.. The poverty rate of Hatch is 42.6%, which is 204% higher than national average. The typical household in Hatch earns $24167 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 2 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 69.8% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Hatch are struggling financially. Nearly one in every 1 in every 6 workers in Hatch 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 Hatch, only 57% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hatch remained 17.1%, which is 264% higher than national rate. Nearly 4 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 Hatch, only 24% of adults have a bachelor's degree and 15% have some college but no degree.

Cost of living in Hatch is 0, which is 100% lower than national average. Median home value in Hatch is $83100 , which is 64% lower than national average. While median income in Hatch remained $24167, which is 64% lower than national average.
Population
1955
Unemployment
17.1%
264% NAT AVG.
Poverty
42.6%
204% NAT AVG.
Overall Score
1
Median Home Cost
$83100
64% NAT AVG.
Median Income
$24167
64% NAT AVG.
Median Rent
$494
57% NAT AVG.
People Living BPL
1 in 2
Unemployed People
1 in 6
People Earning < $10,000
1 in 8
People Earning < $50,000
69.8%
People with <= High School
1 in 1.6
People With Any Degree
1 in 3.6
Pros & Cons Overview

Jobs20%

Housing30%

Affordability50%

Safety50%

Amenities50%

Diversity60%

Education50%

Commute100%