Los Alamos, White Rock, Placitas CDP (Sandoval County): These cities aren’t just some of the best places to live in New Mexico. They are also home to some of the richest people in the Land of Enchantment.
Los Alamos in particular houses the richest residents in the state thanks, in part, to a median household income of $107,031 and a ridiculously low poverty rate of 4.8%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in New Mexico share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 48 places in New Mexico with more than 5,000 people, we were left with this set of the ten richest places in the Land of Enchantment:
- Los Alamos
- White Rock
- Placitas Cdp (Sandoval County)
- Eldorado At Santa Fe
- Los Ranchos De Albuquerque
- North Hobbs
- Rio Rancho
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in New Mexico? That would be Meadow Lake.
How We Determined The Richest Places In New Mexico
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 48 places with more than 5,000 people in New Mexico, we ranked each place from 1 to 48 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Los Alamos, crowned the “Richest Place In New Mexico”.
You can learn more about the top ten below or skip to the end to see the rankings for all 48 places.
1. Los Alamos
Population: 11,843Median Income: 10703100.0%
Poverty Level: 4.8%
Unemployment Rate: 3.7%
2. White Rock
Population: 5,977 Median Income: 10504200.0%
Poverty Level: 5.0%
Unemployment Rate: 3.3%
3. Placitas Cdp (Sandoval County)
Population: 5,145 Median Income: 7689200.0%
Poverty Level: 10.0%
Unemployment Rate: 2.6%
4. Eldorado At Santa Fe
Population: 5,990 Median Income: 6412900.0%
Poverty Level: 9.5%
Unemployment Rate: 5.6%
5. Los Ranchos De Albuquerque
Population: 6,074 Median Income: 5785000.0%
Poverty Level: 10.6%
Unemployment Rate: 3.5%
6. North Hobbs
Population: 5,869 Median Income: 8258600.0%
Poverty Level: 1.9%
Unemployment Rate: 7.8%
Population: 8,426Median Income: 6956300.0%
Poverty Level: 10.1%
Unemployment Rate: 7.3%
Population: 11,494Median Income: 4810300.0%
Poverty Level: 11.5%
Unemployment Rate: 4.3%
9. Rio Rancho
Population: 90,627Median Income: 5924300.0%
Poverty Level: 11.0%
Unemployment Rate: 7.6%
Population: 35,343Median Income: 5375000.0%
Poverty Level: 15.7%
Unemployment Rate: 5.6%
There You Have It – The Richest Places In New Mexico
Like we said earlier, when we set out to identify the richest places in New Mexico, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in New Mexico. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in NM, according to data:
Poorest: Meadow Lake
2nd Poorest: Anthony
3rd Poorest: Deming
For more New Mexico reading , check out:
- These Are The 10 Most Redneck Cities In New Mexico
- These Are The 10 Worst Places To Live In New Mexico
Detailed List Of Richest Places In New Mexico
|Placitas CDP (Sandoval County)||3|
|Eldorado at Santa Fe||4|
|Los Ranchos de Albuquerque||5|
|Truth or Consequences||33|