88345 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 88345, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

88345 is a zip code in Lincoln County, New Mexico, which covers Ruidoso, with a total population of 8,415 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 88345 zip code. The most basic data is the total population, which is the total number of people living in 88345.

The estimated population of people living in 88345 is 8,415, with a median age of 49.2.

We can look back at data from previous years to see how the population in the 88345 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
8,415
 -2.26% +2.26%
2020
8,610
+0.75%
-
2019
8,546
+1.52%
-
2018
8,418
+2.3%
-
2017
8,229
 - -

Population of 88345 by Race and Ethnicity

How much has the race and ethnicity of the population in the 88345 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
64%
67%
 -4.48%
Black/African American
0.9%
0%
 0.00%
Native
0.1%
2%
 -95.00%
Hispanic
31.3%
26.7%
 +17.23%
Asian
1.1%
1.2%
 -8.33%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
2.6%
3.1%
 -16.13%
Other
0%
0%
 0.00%

This data can be very important for anybody studying the 88345 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 88345 by Age and Gender

We can also monitor the change of the age and gender in the 88345 zip code to track track trends in the population over time.

We can see how the population in 88345 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 49.2 +3.14% 49.8 +5.06% 47.8 -1.04%
2020 47.7 -3.25% 47.4 -1.04% 48.3 -5.48%
2019 49.3 -6.45% 47.9 -13.22% 51.1 -0.39%
2018 52.7 0% 55.2 +5.34% 51.3 -3.75%
2017 52.7 - 52.4 - 53.3 -

The median age of the 88345 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 88345 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 609 19.79% 334 +39.36% 479 458
10 to 19 322 +24.24% 222 +63.21% 393 368
20 to 29 353 15.34% 520 0.55% 306 483
30 to 39 392 +19.49% 453 16.99% 464 448
40 to 49 320 -27.02% 412 +71.22% 233 715
50 to 59 623 -6.87% 647 -26.21% 558 457
60 to 69 675 -0.43% 772 +34.41% 665 989
70+ 793 -20.38% 782 1.75% 626 773

Median Household Income

The latest median household income for the 88345 zip code is $46,440.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 88345.

  • Under 25
    $19,735.00
  • 25 to 44
    $35,647.00
  • 45 to 64
    $47,299.00
  • 65 and over
    $51,223.00

Average Household Income

Whenever we ask what is the average household income in the 88345 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 88345, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 88345 is currently $62,478.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

3.35% of households in 88345 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 88345 against other zip codes.

  • Less than $24,999
    27.80%
  • $25,000 to $49,999
    25.32%
  • $50,000 to $74,999
    17.69%
  • $75,000 to $99,999
    10.49%
  • $100,000 to $149,999
    12.70%
  • $150,000 to $199,999
    2.64%
  • $200,000 or more
    3.35%

Per Capita Income

The per capita income in 88345 is $28,447.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 88345 by the total population of 88345.

This is different from the average or mean income because it includes and accounts for all people living in the 88345 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 88345 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    12.66%
  • Bachelor's degree
    36.38%
  • Some college or associate's degree
    12.57%
  • High school diploma or equivalent
    34.11%
  • Less than high school diploma
    4.28%

Employment

Employment rates are all based around the total population in 88345 that are over the age of 16.

Currently, the total population of the 88345 zip over the age of 16 is 7,032.

Of those people, a total of 54.00% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 88345 is 50.90%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 88345 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 315 38.10% 2.50%
20 to 24 years 441 46.50% 0.00%
25 to 29 years 348 58.60% 5.40%
30 to 34 years 397 82.10% 0.00%
35 to 44 years 1,158 86.20% 0.20%
45 to 54 years 756 77.10% 22.80%
55 to 59 years 564 82.30% 13.10%
60 to 64 years 864 51.60% 0.00%
65 to 74 years 1,353 33.10% 0.00%
75 years and over 836 0.20% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 88345. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 6,216 49.70% 4.70%
Black or African American 81 100.00% 3.70%
American Indian and Alaska Native 5 0.00% 0.00%
Asian 93 100.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 186 84.40% 0.00%
Two or more races 451 82.90% 16.30%
Hispanic or Latino 1,979 74.70% 0.20%
Not Hispanic or Latino 4,659 43.10% 7.30%

Occupations

In this section we can look at the most common occupations for people living in the 88345 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 88345 is 3,579, with median earnings of $27,354.00.

Women in 88345 are earning approximately 68.70% of the men's earnings.

Population Earnings
Total 3,579 $27,354.00
Male 1,593 $34,575.00
Female 1,986 $23,750.00

Occupations by Category

In the table below, we can break down the population and earnings for 88345 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 364 $73,235.00
Business and Financial 129 $41,042.00
Computer and Mathematical 37 $0.00
Architecture and Engineering 59 $0.00
Life, Physical, and Social Science 0 $0.00
Community and Social Service 61 $70,125.00
Legal 68 $0.00
Educational and Library 212 $45,804.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00
Healthcare Practitioners 299 $9,699.00
Healthcare Support 119 $10,778.00
Firefighters and Protective Service 33 $0.00
Law Enforcement 65 $80,486.00
Food Preparation and Serving 439 $19,510.00
Building and Grounds Cleaning 102 $26,333.00
Personal Care and Service 40 $0.00
Sales 565 $23,073.00
Office and Administrative Support 296 $26,205.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 362 $30,846.00
Installation, Maintenance, and Repair 56 $0.00
Production 84 $26,184.00
Transportation and Material Moving 161 $31,463.00

Occupations by Gender

Now we can also look at the occupations by category for 88345 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 88345.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 105 $60,224.00 259 $83,323.00
Business and Financial 79 $0.00 50 $42,750.00
Computer and Mathematical 37 $0.00 0 $0.00
Architecture and Engineering 0 $0.00 59 $0.00
Life, Physical, and Social Science 0 $0.00 0 $0.00
Community and Social Service 40 $0.00 21 $0.00
Legal 68 $0.00 0 $0.00
Educational and Library 74 $53,389.00 138 $34,527.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00 0 $0.00
Healthcare Practitioners 19 $0.00 280 $9,559.00
Healthcare Support 0 $0.00 119 $10,778.00
Firefighters and Protective Service 33 $0.00 0 $0.00
Law Enforcement 65 $80,486.00 0 $0.00
Food Preparation and Serving 128 $17,867.00 311 $21,173.00
Building and Grounds Cleaning 78 $32,891.00 24 $0.00
Personal Care and Service 40 $0.00 0 $0.00
Sales 205 $45,518.00 360 $14,643.00
Office and Administrative Support 51 $0.00 245 $25,139.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 312 $31,765.00 50 $0.00
Installation, Maintenance, and Repair 56 $0.00 0 $0.00
Production 21 $0.00 63 $0.00
Transportation and Material Moving 154 $31,649.00 7 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 3,669 households in 88345, with an average household size of 2.29 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 2,225 families living in the 88345 zip code with an average family size of 2.94 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 88345:

Married Male Female Nonfamily
Total Households 1,777 260 188 1,444
Average Household Size 2.91 3.01 4.23 1.13
Total Families 1,777 260 188 0
Average Household Size 2.88 2.43 4.2 0

Poverty

Of the 2,225 families living in 88345, 3.90% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 88345:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 9,261 housing units in 88345.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 3,669 39.62%
Vacant 5,592 60.38%

6.32% of the total 9,261 housing units in 88345 are rental units. This is approximately 585 properties.

For owner-occupied housing units, a total of 2,749 are occupied by the owner - or 29.68% of the total.

Rental Rates

The median rent for a property in 88345 is $828.00.

In the chart below, we can look at the number of rental properties in 88345 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    335
  • Less than $500
    137
  • $500 to $999
    309
  • $1,000 to $1,499
    139
  • $1,500 to $1,999
    0
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 88345 is $196,700.00.

Just like with rental rates, we can look at the number of properties in 88345 that fall into a particular value range.

  • Less than $50,000
    235
  • $50,000 to $99,999
    166
  • $100,000 to $149,999
    464
  • $150,000 to $199,999
    536
  • $200,000 to $299,999
    599
  • $300,000 to $499,999
    341
  • $500,000 to $999,999
    268
  • $1,000,000 or more
    140

Property Age

We can also look at the age of properties in 88345. The chart below shows the number of properties in 88345 that fall into a particular age range.

  • 1939 or earlier
    96
  • 1940 to 1949
    269
  • 1950 to 1959
    643
  • 1960 to 1969
    1,028
  • 1970 to 1979
    2,694
  • 1980 to 1989
    2,142
  • 1990 to 1999
    1,169
  • 2000 to 2009
    1,090
  • 2010 to 2013
    130
  • 2014 or later
    0

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 88345 that have a particular number of vehicles available.

  • No vehicles available
    178
  • 1 vehicle available
    1,350
  • 2 vehicles available
    1,172
  • 3 or more vehicles available
    969

Commuting to Work

In this section, we can also look at how people in 88345 get to work. The chart below shows the number of people in 88345 that commute to work in a particular way.

12.1 minutes is the average travel time to work for people in 88345.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    245
  • 5 to 9 minutes
    926
  • 10 to 14 minutes
    846
  • 15 to 19 minutes
    705
  • 20 to 24 minutes
    174
  • 25 to 29 minutes
    45
  • 30 to 34 minutes
    86
  • 35 to 39 minutes
    0
  • 40 to 44 minutes
    0
  • 45 to 59 minutes
    59
  • 60 to 89 minutes
    40
  • 90 or more minutes
    5

Summary

We've covered a LOT of demographic and population data for 88345 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 88345

If you want to see how the population and demographics of 88345 compare to other zip codes in New Mexico, check out the list of all New Mexico zip codes below: