Rio Rancho, NM Profile: Facts & Data

The City of Rio Rancho is the 3rd largest city in New Mexico with a population of 109,139 as of July 1, 2023. Rio Rancho ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Mexico. See peer rankings below.

The primary coordinate point for Rio Rancho is located at latitude 35.2334 and longitude -106.6645 in Sandoval County. The formal boundaries for the City of Rio Rancho encompass a land area of 103.34 sq. miles and a water area of 0.32 sq. miles. Sandoval County is in the Mountain time zone (GMT -7).

While the primary coordinates for City of Rio Rancho are located in Sandoval County, it should be noted that the formal boundaries for this community also extend into and Bernalillo County.

The City of Rio Rancho has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

New Mexico is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Rio Rancho is located within Rio Rancho Division of Sandoval County.

Rio Rancho, NM Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	109,139 (100%)
Population in Households	108,254 (99.2%)
Population in Families	90,806 (83.2%)
Population in Group Quarters¹	885 ( 0.8%)
Population Density	1,056
Diversity Index²	79


INCOME
Median Household Income	$77,412
Average Household Income	$101,535
% of Income for Mortgage⁴	19%
Per Capita Income	$37,756
Wealth Index⁵	87
Socioeconomic Status Index⁶	Moderate (52.4)

HOUSING
Total HU (Housing Units)	42,021 (100%)
Owner Occupied HU	32,572 (77.5%)
Renter Occupied HU	7,995 (19.0%)
Vacant Housing Units	1,454 ( 3.5%)
Median Home Value	$248,976
Average Home Value	$281,138
Housing Affordability Index³	126

HOUSEHOLDS
Total Households	40,567
Average Household Size	2.67
Family Households	28,569
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Rio Rancho, NM - Peer Comparisons by Rank and Percentile

The table below compares Rio Rancho to the other 527 incorporated cities, towns and CDPs in New Mexico by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	1.48%	2.59%
Households	1.89%	2.94%
Families		2.87%
Median Household Income		2.78%
Per Capita Income		3.12%
Owner Occupied HU		3.59%

Variable Description	Rank	Percentile
Total Population	# 3	100th
Population Density	# 45	92nd
Median Household Income	# 63	88th
Housing Affordability Index	# 362	69th
Per Capita Income	# 113	79th
Diversity Index	# 127	76th

Rio Rancho, NM Profile: Facts & Data

Rio Rancho, New Mexico - Basic Facts

Rio Rancho, NM Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Rio Rancho, NM - Peer Comparisons by Rank and Percentile

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