Rio Rancho, New Mexico Income Statistics
Rio Rancho Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Rio Rancho Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Rio Rancho | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,240 | $64,523 | $80,455 |
| Median Personal Income | $61,021 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.4% | 4.8% |
| Six-Figure Earners | 13.0% | 10.2% | 13.9% |
| $200k+ Households | 9.5% | 7.8% | 13.2% |
The median household income in Rio Rancho is about 38% higher than in New Mexico. Income has been growing faster in Rio Rancho (4.8%/yr) than in New Mexico (4.4%/yr).
About 13% of adults in Rio Rancho earn six figures ($100,000 or more) a year, higher than the New Mexico average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Rio Rancho, New Mexico grew by 47.4% from 2009 to 2024, reaching $89,240 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Rio Rancho
| Metric | Rio Rancho | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.567 | 0.552 |
| Male Median Income | $77,202 | $60,037 | $69,667 |
| Female Median Income | $60,201 | $51,390 | $56,850 |
| Gender Pay Gap | 22.0% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Rio Rancho, it is 0.534, lower than New Mexico's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 28% more than women's income in Rio Rancho, New Mexico. Over a 35-year career, a 28% wage gap accumulates to roughly $595,035 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rio Rancho, New Mexico has narrowed from about 27% to 22% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 17% in 2022. In dollar terms, the gap has widened by $3,359 since 2009.
Employment
| Metric | Rio Rancho | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.9% | 5.2% |
| Working from Home | 16.2% | 12.2% | 15.0% |
| Commute time (minutes) | 28 | 18 | 22 |
Approximately 2,436 people are unemployed in Rio Rancho, New Mexico.
The average commute time in Rio Rancho is 28 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rio Rancho, New Mexico has fallen from 6.7% to 4.7% in 2024. Over that period the rate peaked at 7.6% in 2013.
Conclusion
Considering all these factors, Rio Rancho, New Mexico has an overall wealth index grade of B, making it somewhat better than New Mexico, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rio Rancho, New Mexico.
How Rich Is Rio Rancho, New Mexico?
Rio Rancho has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $89,240, about 38% higher than the New Mexico average of $64,523.
How has median household income changed in Rio Rancho, New Mexico?
Between 2009 and 2024, the median household income in Rio Rancho, New Mexico rose 47%, from $60,554 to $89,240. Over the same years, income here lagged behind New Mexico as a whole: +47% against +50%.
What was the median household income in Rio Rancho in 2023?
In 2023, the median household income in Rio Rancho, New Mexico was $85,867, up 8% from $79,169 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Rio Rancho in 2020?
In 2020, the median household income in Rio Rancho, New Mexico was $66,824. By 2024 it had risen 34% to $89,240.
What is the Gini coefficient in Rio Rancho, New Mexico?
The Gini coefficient in Rio Rancho is 0.534. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Rio Rancho, New Mexico?
Since 2009, the income gap between men and women in Rio Rancho, New Mexico has narrowed from about 27% to 22% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 17% in 2022. In dollar terms, the gap has widened by $3,359 since 2009.
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