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All about

Rio Rancho, NM

A town in New Mexico, Rio Rancho has a population of approximately 94,000. At an average age of just under 38, the city's residents are younger than most cities in New Mexico. Renters tend to be in the minority in the area, and 79% of residents own their homes. With an average rent of $1,195 per month, exceeding the state average by $320 a month, relatively high rent costs may be a factor in the higher levels of ownership.

There are two primary industries in Rio Rancho: retail and healthcare. Combined, these industries make up 14% of the workforce in the city. Meanwhile, in terms of job function, 9% of residents work in sales, making it the top profession in the city. With an average annual income of around $73K, Rio Rancho workers bring in more than the average New Mexico resident. Rio Rancho's average income, however, is nearly on par with the national average of $73,345. Rio Rancho has a relatively high concentration of residents older than 25 with an Associate's degree (7%) compared to the national average (5%). Further, 20% have a Bachelor's, Master's, Professional, or Doctoral degree.

Rio Rancho has an average commute time of about 31 minutes. Driving a vehicle is the most common means of commuting to work, opted for by 41% of commuters, while public transportation isn't used much. Relatively few residents walk to work.

Average Rent in Rio Rancho

Studio1 Bed2 Bed3 Bed
Nov 19$1,336$742$875$1,037
Oct 191,3777428751,034
Sep 191,4407428751,037
Aug 191,4407428751,037
Jul 191,4107528751,037
Jun 19710825997
May 19710825997
Apr 19710825965
Mar 19710825965
Feb 19710825965
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

© 2019 RentPath, LLC. All rights reserved. All photos, videos, text and other content are the property of RentPath, LLC. APARTMENT GUIDE and the APARTMENT GUIDE Trade Dress are registered trademarks of RentPath, LLC or its affiliates.

Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

Download the ApartmentGuide.com app for Android and iOS