Meadow Lake is a city in New Mexico state in USA with a population of 3832 residents..
The poverty rate of Meadow Lake is 29.7%, which is 112% higher than national average.
The typical household in Meadow Lake earns $30532 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 3 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 68.6% of households earn less than $50,000 a year compared to 39% national rate.
With a lack of available jobs, many in Meadow Lake are struggling financially. Nearly one in every 1 in every 8 workers in Meadow Lake is unemployed.
The unemployment rate of Meadow Lake remained 12.3%, which is 162% higher than national rate. Nearly 3 times comparable to 4.7% national rate, according to the Census.
Cost of living in Meadow Lake is 0, which is 100% lower than national average.
In Meadow Lake, only 6% of adults have a bachelor's degree and 32% have some college but no degree.
Median home value in Meadow Lake is $73900 , which is 68% lower than national average.
While median income in Meadow Lake remained $30532, which is 55% lower than national average.