Rio Rancho is a relatively large city located in the state of New Mexico. With a population of 112,524 people and 21 associated neighborhoods, Rio Rancho is the third largest community in New Mexico. Much of the housing stock in Rio Rancho was built relatively recently. The construction of new real estate can often be taken as an indication that the local Rio Rancho economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Rio Rancho, where the median household income is $89,596.00. 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.Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Rio Rancho is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Rio Rancho is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Rio Rancho who work in office and administrative support (11.66%), management occupations (11.04%), and sales jobs (10.66%). 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. A relatively large number of people in Rio Rancho telecommute to their jobs. Overall, about 15.53% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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. One downside of living in Rio Rancho is that it can take a long time to commute to work. In Rio Rancho, the average commute to work is 30.70 minutes, which is quite a bit higher than the national average. The citizens of Rio Rancho are very well educated compared to the average community in the nation: 34.01% of adults in Rio Rancho have a bachelor's degree or even advanced degree. The per capita income in Rio Rancho in 2022 was $41,278, which is upper middle income relative to New Mexico and the nation. This equates to an annual income of $165,112 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 Native 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 42.10% of the city’s residents. Important ancestries of people in Rio Rancho include German, English, Irish, Italian, and Scottish. The most common language spoken in Rio Rancho is English. Other important languages spoken here include Spanish and Native American languages.
