Here's what it costs to live in Rio Rancho, New Mexico, based on the latest US government data. Renters pay a median of $1,481 per month, while the typical home is valued around $273,300. Households earn a median of $85,755 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$85,755
Annual · Census ACS
Median Gross Rent
$1,481
Per month · Census ACS
Median Home Value
$273,300
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.90%
Top marginal rate
State Sales Tax
4.88%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
106,533
Latest estimate
Median Age
39 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Rio Rancho?
The cost of living index for Rio Rancho is not yet available in our database.
What is the median rent in Rio Rancho?
The median gross rent in Rio Rancho is $1,481 per month according to US Census ACS data.
What is the median household income in Rio Rancho?
The median household income in Rio Rancho is $85,755 per year.
What is the median home value in Rio Rancho?
The median home value in Rio Rancho is $273,300 based on the latest Census ACS survey.
How is the air quality in Rio Rancho?
Air quality data for Rio Rancho is not yet available.
What are the taxes like in Rio Rancho?
New Mexico has a top state income tax rate of 5.90% and a statewide sales tax of 4.88% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology