Nursing Care Facilities Market: ZIP 87022
Opportunity Score
16
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 87022 is an urban area. with a population of 721 and household incomes below the national median ($41,176).
Area Profile
721
Population
$41,176
Median Income
-45% vs. national
Urban
Area Type
Median Age: 53.2 —
older demographic, may prefer sit-down options.
College-Educated: 22.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,120
2BR Fair Market Rent
Tips for Starting a Elder Care Business in New Mexico
- State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
- Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
- Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
- Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
- Median income sits at $41,176. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
-45% vs. $74,580
Nearby Markets
87068
3.6 mi
Pop: 5,554
$63,287
Walk: 7.1
87042
5.7 mi
Pop: 3,456
$61,181
87105
5.9 mi
Pop: 54,215
$49,928
Walk: 12.0
87106
8.9 mi
Pop: 26,815
$51,079
Walk: 12.0
87031
9.3 mi
Pop: 46,211
$61,947
Walk: 7.6
87060
12.2 mi
Pop: 11
87102
12.3 mi
Pop: 20,258
$37,276
Walk: 15.8
87116
13.3 mi
Pop: 3,953
$78,877
Check Another Market
Or estimate costs with the ElderCareCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits