MyNeighborhood

Can you afford to live in RIO RANCHO?

Median household income, home values and rent in RIO RANCHO, NM — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in RIO RANCHO.

Median household income: $85,755 — +40.8% since 2015 (not adjusted for inflation)

Median gross rent: $1,481/mo — +38.3% since 2015

Median home value, 2015 to 2023

  • 2015: 173100
  • 2023: 273300

Median household income

  • RIO RANCHO: 85755
  • Sandoval County: 84053
  • NM: 62125
  • U.S.: 78538

Median gross rent

  • RIO RANCHO: 1481
  • Sandoval County: 1408
  • NM: 1021
  • U.S.: 1348

Share of income a typical renter spends on rent: 31.0% — U.S.: 30.2%

What it means

The typical household here earns $85,755 — slightly higher than the national figure of $78,538.

The typical renter here spends 31.0% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+40.8% versus +38.3%), before adjusting for inflation.

Sources

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