Rio Rancho is a larger medium-sized city located in the state of New Mexico. With a population of 105,834 people and 21 constituent neighborhoods, Rio Rancho is the third largest community in New Mexico.
Rio Rancho real estate is some of the most expensive in New Mexico, although Rio Rancho house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Rio Rancho has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.01% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In terms of college education, Rio Rancho is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.43% of adults in Rio Rancho have a college degree.
The per capita income in Rio Rancho in 2018 was $31,797, which is upper middle income relative to New Mexico, and middle income relative to the rest of the US. This equates to an annual income of $127,188 for a family of four. However, Rio Rancho contains both very wealthy and poor people as well.
Rio Rancho is an extremely ethnically-diverse city. The people who call Rio Rancho home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Rio Rancho residents report their race to be White, followed by Black or African-American. Rio Rancho also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 43.94% of the city’s residents. Important ancestries of people in Rio Rancho include German, English, Irish, Italian, and European.
The most common language spoken in Rio Rancho is English. Other important languages spoken here include Spanish and Native American languages.