Living in Los Ranchos de Albuquerque, New Mexico
Cost of living, income, home prices, rent and demographics of Los Ranchos de Albuquerque · Census data 2020–2024
Los Ranchos de Albuquerque has 5,857 residents with a median age of 46.1. The median household income is $72,992 (14% higher than the New Mexico median), the median home value is $492,400, the median rent is $1,061/month.
Los Ranchos de Albuquerque at a glance
- Population
- 5,857
- Median age
- 46.1State: 39.4
- Median household income
- $72,992State: $64,059
- Median home value
- $492,400State: $248,100
- Median rent
- $1,061/moState: $1,067
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 52.3%
- Average commute
- 23 min
Is Los Ranchos de Albuquerque a good place to live?
Pros: Median household income 14% higher than the New Mexico median; an average commute of 23 minutes; unemployment of 0.8%; a poverty rate of 8.8%.
Cons: Home values 98% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Los Ranchos de Albuquerque
Housing is the biggest part of the cost of living. In Los Ranchos de Albuquerque the median home value is $492,400, 48% higher than the U.S. median. Renters pay a median of $1,061 per month, which is 42.3% of household income. Homeowners with a mortgage pay $2,340 a month in housing costs.
Los Ranchos de Albuquerque median household income
The median household income in Los Ranchos de Albuquerque is $72,992 and the income per person is $55,017. 8.8% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Los Ranchos de Albuquerque: homes for sale and rent
- Housing units
- 2,577
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.39
Los Ranchos de Albuquerque demographics
- Population
- 5,857
- Median age
- 46.1
- Under 18
- 16%
- 65 and older
- 22.9%
- Households
- 2,449
- Foreign-born
- 3.3%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Los Ranchos de Albuquerque ›
Education in Los Ranchos de Albuquerque
52.3% of adults 25 and older in Los Ranchos de Albuquerque have a bachelor's degree or higher (New Mexico: 31%), and 24.3% have a graduate or professional degree.
Jobs and commute in Los Ranchos de Albuquerque
- Unemployment rate
- 0.8%State: 6%
- Average commute
- 23 minState: 24 min
- Work from home
- 22.5%
- Drive alone
- 71.8%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 94.7%
Los Ranchos de Albuquerque vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Los Ranchos de Albuquerque | 5,857 | $72,992 | $492,400 | $1,061 |
| North Valley | 10,455 | $61,498 | $302,700 | $893 |
| Albuquerque | 562,218 | $68,317 | $291,500 | $1,145 |
| Paradise Hills | 4,591 | $73,295 | $254,600 | $1,361 |
| Edith Enclave | 185 | $91,875 | $318,800 | $950 |
| Corrales | 8,555 | $102,307 | $571,500 | $1,143 |
| Pueblo of Sandia Village | 416 | $30,625 | $225,800 | — |
| Sandia Heights | 3,160 | $143,646 | $670,100 | $3,050 |
| Rio Rancho | 108,515 | $89,596 | $310,200 | $1,514 |
More for people moving to Los Ranchos de Albuquerque
Los Ranchos de Albuquerque ZIP code ›Weather and climate ›Living in Los Ranchos de Albuquerque: FAQ
What is the median household income in Los Ranchos de Albuquerque, NM?
The median household income in Los Ranchos de Albuquerque is $72,992, 14% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Los Ranchos de Albuquerque?
The median home value in Los Ranchos de Albuquerque is $492,400, compared with $248,100 in New Mexico.
How much is rent in Los Ranchos de Albuquerque?
The median gross rent in Los Ranchos de Albuquerque is $1,061 per month, about 42.3% of household income.
Is Los Ranchos de Albuquerque, NM a good place to live?
Pluses: median household income 14% higher than the New Mexico median; an average commute of 23 minutes; unemployment of 0.8%; a poverty rate of 8.8%. Minuses: home values 98% higher than the state median.
What is the median age in Los Ranchos de Albuquerque?
The median age in Los Ranchos de Albuquerque is 46.1 years (New Mexico: 39.4).
How long is the commute in Los Ranchos de Albuquerque?
The average commute to work in Los Ranchos de Albuquerque is 23 minutes; 22.5% of workers work from home.
What is the unemployment rate in Los Ranchos de Albuquerque?
The unemployment rate in Los Ranchos de Albuquerque is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Los Ranchos de Albuquerque?
52.3% of adults in Los Ranchos de Albuquerque have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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