Living in Rio Rancho, New Mexico
Cost of living, income, home prices, rent and demographics of Rio Rancho · Census data 2020–2024
Rio Rancho has 108,515 residents with a median age of 39.5. The median household income is $89,596 (40% higher than the New Mexico median), the median home value is $310,200, the median rent is $1,514/month.
Rio Rancho at a glance
- Population
- 108,515
- Median age
- 39.5State: 39.4
- Median household income
- $89,596State: $64,059
- Median home value
- $310,200State: $248,100
- Median rent
- $1,514/moState: $1,067
- Homeowners
- 82.2%
- Bachelor's degree or higher
- 34%
- Average commute
- 30 min
Is Rio Rancho a good place to live?
Pros: Median household income 40% higher than the New Mexico median; unemployment of 4.6%; a poverty rate of 7.4%.
Cons: Home values 25% higher than the state median; an average commute of 30 minutes.
The weather is best in March to May and October.
Cost of living in Rio Rancho
Housing is the biggest part of the cost of living. In Rio Rancho the median home value is $310,200, 7% lower than the U.S. median. Renters pay a median of $1,514 per month, which is 31% of household income. Homeowners with a mortgage pay $1,651 a month in housing costs.
Rio Rancho median household income
The median household income in Rio Rancho is $89,596 and the income per person is $41,278. 7.4% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Rio Rancho: homes for sale and rent
- Housing units
- 41,908
- Owner-occupied
- 82.2%
- Renter-occupied
- 17.8%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.67
Rio Rancho demographics
- Population
- 108,515
- Median age
- 39.5
- Under 18
- 22.8%
- 65 and older
- 17.6%
- Households
- 40,323
- Foreign-born
- 5.3%
- Veterans
- 10.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Rio Rancho ›
Education in Rio Rancho
34% of adults 25 and older in Rio Rancho have a bachelor's degree or higher (New Mexico: 31%), and 13% have a graduate or professional degree.
Jobs and commute in Rio Rancho
- Unemployment rate
- 4.6%State: 6%
- Average commute
- 30 minState: 24 min
- Work from home
- 15.5%
- Drive alone
- 72.1%
- Public transit
- 0.5%
- Walk to work
- 1%
- Homes with broadband
- 94.6%
Rio Rancho vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Rio Rancho | 108,515 | $89,596 | $310,200 | $1,514 |
| Corrales | 8,555 | $102,307 | $571,500 | $1,143 |
| Rio Rancho Estates | 1,571 | $91,635 | $153,500 | — |
| Paradise Hills | 4,591 | $73,295 | $254,600 | $1,361 |
| Pueblo of Sandia Village | 416 | $30,625 | $225,800 | — |
| Edith Enclave | 185 | $91,875 | $318,800 | $950 |
| Bernalillo | 9,086 | $63,880 | $255,500 | $902 |
| North Valley | 10,455 | $61,498 | $302,700 | $893 |
| Los Ranchos de Albuquerque | 5,857 | $72,992 | $492,400 | $1,061 |
More for people moving to Rio Rancho
Rio Rancho ZIP code ›Weather and climate ›Living in Rio Rancho: FAQ
What is the median household income in Rio Rancho, NM?
The median household income in Rio Rancho is $89,596, 40% 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 Rio Rancho?
The median home value in Rio Rancho is $310,200, compared with $248,100 in New Mexico.
How much is rent in Rio Rancho?
The median gross rent in Rio Rancho is $1,514 per month, about 31% of household income.
Is Rio Rancho, NM a good place to live?
Pluses: median household income 40% higher than the New Mexico median; unemployment of 4.6%; a poverty rate of 7.4%. Minuses: home values 25% higher than the state median; an average commute of 30 minutes.
What is the median age in Rio Rancho?
The median age in Rio Rancho is 39.5 years (New Mexico: 39.4).
How long is the commute in Rio Rancho?
The average commute to work in Rio Rancho is 30 minutes; 15.5% of workers work from home.
What is the unemployment rate in Rio Rancho?
The unemployment rate in Rio Rancho is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Rio Rancho?
34% of adults in Rio Rancho 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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