Cost of Living in Rio Rancho, NM
Population: 106,533 • 2026 Data
$85,755
Median Household Income
+11% vs national
$1,481
Median Monthly Rent
+10% vs national
$273,300
Median Home Value
-19% vs national
4.8%
Unemployment Rate
Housing in Rio Rancho
The median home value in Rio Rancho, NM is $273,300. Monthly rent for a typical unit averages $1,481, while total monthly housing costs (including utilities and insurance) average $1,348.
Rent-to-income ratio: 20.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Rio Rancho, NM is $85,755. The unemployment rate stands at 4.8%, with a labor force of 52,665 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.