These Are The 10 Richest Cities In New Mexico For 2019


We analyzed 33 places in New Mexico to determine where the 1% live.

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Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in New Mexico.

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Corrales, Los Ranchos De Albuquerque, Carlsbad: 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.

Corrales in particular houses the richest residents in the state thanks, in part, to a median household income of $84,583 and a ridiculously low poverty rate of 6.6%.

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.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2013-2017 American Community Survey for the 33 places in New Mexico with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in New Mexico for 2019:

  1. Corrales (Photos | Homes For Sale)
  2. Los Ranchos de Albuquerque (Photos | Homes For Sale)
  3. Carlsbad (Photos | Homes For Sale)
  4. Rio Rancho (Photos | Homes For Sale)
  5. Santa Fe (Photos | Homes For Sale)
  6. Aztec (Photos | Homes For Sale)
  7. Hobbs (Photos | Homes For Sale)
  8. Farmington (Photos | Homes For Sale)
  9. Los Lunas (Photos | Homes For Sale)
  10. Albuquerque (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in New Mexico.

Rich people not your cup of tea? Feel free to check out some more reading about New Mexico:

How We Determined The Richest Places In New Mexico For 2019

Map Of The Richest Places To Live In New Mexico
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don’t believe 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 newly released 2013-2017 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 33 places with more than 5,000 people in New Mexico, we ranked each place from 1 to 33 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, Corrales, crowned the “Richest City In New Mexico For 2019”.

You can learn more about the top ten below or skip to the end to see the rankings for all 33 places.

Corrales, NM

Overall SnackAbility

9
/10

Population: 8,463
Rank Last Year: 1 (No Change)
Median Income: $84,583
Unemployment Rate: 5.2%
Poverty Rate: 6.6%
More on Corrales: Real Estate | Data | Photos

Corrales is a village in Sandoval County, New Mexico, United States. The population was 8,329 at the 2010 Census. With proximity to the Rio Grande, the village was founded for agricultural purposes. The Rio Grande Bosque on the eastern edge of the village provides refuge for native animals and plants. The village fights hard to maintain its rural character in light of being surrounded by the rapidly expanding cities of Rio Rancho and Albuquerque.

Los Ranchos De Albuquerque, NM

Overall SnackAbility

7.5
/10

Population: 6,097
Rank Last Year: 3 (Up 1)
Median Income: $61,217
Unemployment Rate: 2.5%
Poverty Rate: 13.8%
More on Los Ranchos De Albuquerque: Real Estate | Data | Photos

Carlsbad, NM

Overall SnackAbility

7
/10

Population: 28,393
Rank Last Year: 2 (Down 1)
Median Income: $62,932
Unemployment Rate: 4.7%
Poverty Rate: 15.0%
More on Carlsbad: Real Estate | Data | Photos

Carlsbad (/krlzbæd/ KARLZ-bad) is a city in and the county seat of Eddy County, New Mexico, United States. As of the 2010 census, the city population was 26,138. Carlsbad is centered at the intersection of U.S. Routes 62/180 and 285, and is the principal city of the Carlsbad-Artesia Micropolitan Statistical Area, which has a total population of 55,435. Located in the southeastern part of New Mexico, Carlsbad straddles the Pecos River and sits at the eastern edge of the Guadalupe Mountains.

Rio Rancho, NM

Source: Public domain
Overall SnackAbility

8
/10

Population: 93,317
Rank Last Year: 4 (No Change)
Median Income: $63,180
Unemployment Rate: 7.2%
Poverty Rate: 12.3%
More on Rio Rancho: Real Estate | Data | Photos

Rio Rancho (Spanish: Río Rancho) is the largest city and economic hub of Sandoval County in the U.S. state of New Mexico. A small portion of the city extends into northern Bernalillo County. It is the third-largest and also one of the fastest expanding cities in New Mexico. As of the 2010 census, Rio Rancho had a population of 93,820.

Santa Fe, NM

Overall SnackAbility

6
/10

Population: 82,980
Rank Last Year: 6 (Up 1)
Median Income: $53,922
Unemployment Rate: 5.6%
Poverty Rate: 15.1%
More on Santa Fe: Real Estate | Data | Photos

Santa Fe (/sæntfe/ or /sæntfe/; Tewa: Ogha Po’oge, Navajo: Yootó) is the capital of the state of New Mexico. It is the fourth-largest city in the state and the seat of Santa Fe County.

Aztec, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 6,635
Rank Last Year: 13 (Up 7)
Median Income: $42,108
Unemployment Rate: 5.3%
Poverty Rate: 12.5%
More on Aztec: Real Estate | Data | Photos

Hobbs, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 37,427
Rank Last Year: 7 (No Change)
Median Income: $57,906
Unemployment Rate: 6.2%
Poverty Rate: 19.7%
More on Hobbs: Real Estate | Data | Photos

Hobbs is a city in Lea County, New Mexico, United States. The population was 34,122 at the 2010 Census, increasing from 28,657 at the 2000 census.

Farmington, NM

Source: Public domain
Overall SnackAbility

6
/10

Population: 45,857
Rank Last Year: 8 (Up 1)
Median Income: $55,179
Unemployment Rate: 6.6%
Poverty Rate: 16.8%
More on Farmington: Real Estate | Data | Photos

Farmington (Navajo: Tóta’ ) is a city in San Juan County in the US state of New Mexico. As of the 2013 population estimate from the United States Census Bureau the city had a total population of 45,426 people. Farmington (and surrounding San Juan County) makes up one of the four Metropolitan Statistical Areas (MSA’s) in New Mexico. The U.S. Census Bureau’s population estimate in 2011 for Farmington was about 45,256.

Los Lunas, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 15,258
Rank Last Year: 15 (Up 6)
Median Income: $52,738
Unemployment Rate: 7.2%
Poverty Rate: 13.4%
More on Los Lunas: Real Estate | Data | Photos

Los Lunas is a village in Valencia County, New Mexico, in the United States. As of the 2010 census, the village population is 14,835 inside the village limits due to the new housing developments at El Cerro de Los Lunas (Huning Ranch). It is the county seat of Valencia County.

Albuquerque, NM

Overall SnackAbility

6
/10

Population: 556,718
Rank Last Year: 10 (No Change)
Median Income: $49,878
Unemployment Rate: 6.5%
Poverty Rate: 18.2%
More on Albuquerque: Real Estate | Data | Photos

Albuquerque (/ælbkrki/ ( listen) AL-b-kur-kee; Navajo: Beeeldííl Dahsinil /pèèltíl txsnl/) is the most populous city in the U.S. state of New Mexico. The high-elevation city serves as the county seat of Bernalillo County, and it is situated in the north central part of the state, straddling the Rio Grande. The city population is 559,277 as of the July 1, 2016 population estimate from the United States Census Bureau, and ranks as the 32nd-largest city in the U.S. The Albuquerque metropolitan statistical area (or MSA) has a population of 909,906 according to the United States Census Bureau’s most recently available estimate for 2016. Albuquerque is the 60th-largest United States metropolitan area. The Albuquerque MSA population includes the city of Rio Rancho, Bernalillo, Placitas, Corrales, Los Lunas, Belen, Bosque Farms, and forms part of the larger Albuquerque–Santa Fe–Las Vegas combined statistical area, with a total population of 1,171,991 as of the July 1, 2016, Census Bureau estimates.

There You Have It – The Wealthiest Places In New Mexico For 2019

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 New Mexico, according to data:

Poorest: Anthony
2nd Poorest: Deming
3rd Poorest: Sunland Park

For more New Mexico reading, check out:

Detailed List Of The Richest Cities In New Mexico

Rank City RichScore Median Income
1 Corrales 1.67 $84,583
2 Los Ranchos De Albuquerque 3.33 $61,217
3 Carlsbad 3.83 $62,932
4 Rio Rancho 6.5 $63,180
5 Santa Fe 7.33 $53,922
6 Aztec 7.67 $42,108
7 Hobbs 9.33 $57,906
8 Farmington 9.33 $55,179
9 Los Lunas 9.5 $52,738
10 Albuquerque 11.0 $49,878
11 Artesia 12.33 $49,132
12 Ruidoso 12.33 $41,778
13 Alamogordo 13.67 $45,531
14 Lovington 14.0 $52,056
15 Roswell 14.67 $42,417
16 Bloomfield 15.0 $55,372
17 Socorro 19.0 $33,608
18 Bernalillo 19.33 $41,219
19 Las Cruces 19.5 $40,924
20 Clovis 20.33 $40,576
21 Gallup 21.0 $43,598
22 Tucumcari 21.33 $23,686
23 Taos 21.83 $29,849
24 Raton 22.33 $27,902
25 Silver City 22.67 $35,247
26 Grants 25.0 $35,671
27 Las Vegas 25.17 $24,890
28 Truth Or Consequences 26.5 $27,350
29 Portales 27.67 $32,065
30 Belen 28.33 $29,705
31 Sunland Park 29.17 $28,231
32 Deming 30.0 $25,428
33 Anthony 30.33 $24,398

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