Personal loans in Raton, NM

Rate-shopping from Raton costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Census figures put the 2020-to-2023 decrease in Raton at about 1.1%. For the 5,978 people in Raton, New Mexico runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. The next larger city is Trinidad, CO about 20 miles away.

What the Census records for Raton

Set out below is Raton's local context next to the state-level rules that reach every lender here.

• Population: about 5,978 people live here, which puts Raton 33rd of 105 Census places in New Mexico (Vintage 2023).
• Population trend: Down about 1.1% from the 2020 Census base to the 2023 estimate.
• People gained or lost: about 68 fewer since the 2020 base.
• Size percentile: roughly 69% of New Mexico places rank below Raton.
• Population density: 751 people per square mile on 8.0 square miles of land.
• Land area: Raton covers 8.0 square miles, the 35th-largest area among New Mexico's 105 places.
• Share of state population: Raton's 5,978 residents are about 0.4% of New Mexico.
• National standing: Raton ranks 4,366th of 19,457 US places.
• Growth rank: Raton ranks 51st among New Mexico's 105 places for the 2020-to-2023 change.
• State comparison: New Mexico's places average -0.8% for 2020-to-2023, against Raton's 1.1%.
• Density rank: Raton places 37th among New Mexico's places by people per square mile.
• Density in context: Raton's 751 people per square mile sit against a New Mexico median of 475.
• Location: 36.8850, -104.4396 (US Census Bureau Gazetteer).
• Nearest larger cities: Trinidad (20 mi); Taos (72 mi); Alamosa (89 mi); La Junta (90 mi); Pueblo (96 mi). Online lenders reach Raton no matter how far the nearest branch is.
• Smaller communities close by: Starkville (17 mi); Cokedale (21 mi); Maxwell (24 mi), each with its own Census population profile.
• Smaller neighbours: 9 places smaller than Raton sit within 50 miles.
• Larger places within 100 miles: 6.

The anatomy of a Raton personal loan

A Raton personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 5,978 residents. The APR tracks your credit score rather than Raton's rank of 33rd in New Mexico: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a Raton loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Raton: area, density and distance

The Census Gazetteer records about 8.0 square miles of land within Raton, with no significant water area listed. With 5,978 residents, the land area yields roughly 751 people per square mile. The largest place in New Mexico, Albuquerque, lies about 174 miles away. Raton has 1 larger places within a 50-mile radius. By land area it ranks 35th of 105 New Mexico places.

Raton's place among New Mexico's 105 places

Among New Mexico's 105 places, Raton sits at 33rd for population, a share of roughly 0.4% of the state. On the 2020-to-2023 trend, Raton stands 51st among New Mexico's 105 places — roughly the 51th percentile. By density, at about 751 people per square mile, it ranks 37th in New Mexico. In land area, Raton ranks 35th among New Mexico's 105 places.

Borrowing reach in Raton

At roughly 751 people per square mile, Raton is moderately settled; 1 larger places lie within 50 miles. Lenders licensed in New Mexico reach Raton's 5,978 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Trinidad, CO about 20 miles away.

How New Mexico law applies in Raton

The rows below set out what a licensed lender must follow in New Mexico, and so for Raton's roughly 5,978 residents.