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All About

Living In 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.



Frequently Asked Questions About Rio Rancho

What is the average rent in Rio Rancho?

The average rent of a studio apartment in Rio Rancho is $1,561 per month. For a one-bedroom apartment it's $877 per month. For a two-bedroom apartment the average rent is $1,042 per month.

What is the average cost of rent for a one-bedroom in Rio Rancho?

The average rent of a one-bedroom apartment in Rio Rancho is $877

Are there any cheap apartments for rent in Rio Rancho?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $500, Under $600, Under $700, Under $800, Under $900

Are there any pet friendly apartments in Rio Rancho?

Apply Apartment Guide's pet friendly filter to see only Rio Rancho apartments that accept pets.
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