Where are the best places in the state of New Mexico?
To the untrained eye they are the places that have awesome economies. They’re the places in Land of Enchantment where people have the best jobs, residents are all above average, and the sun shines the most.
However, here at HomeSnacks, we don’t trust the untrained eye and instead look to data to understand the best places to call home in New Mexico.
There might be some surprises on this list, but when you look at the unbiased data, it’s hard to argue against.
After analyzing 32 places in New Mexico, we came up with this list of the best places:
- Corrales (Photos | Homes For Sale)
- Rio Rancho (Photos | Homes For Sale)
- Ruidoso (Photos | Homes For Sale)
- Los Ranchos de Albuquerque (Photos | Homes For Sale)
- Santa Fe (Photos | Homes For Sale)
- Carlsbad (Photos | Homes For Sale)
- Artesia (Photos | Homes For Sale)
- Alamogordo (Photos | Homes For Sale)
- Farmington (Photos | Homes For Sale)
- Albuquerque (Photos | Homes For Sale)
Well, it looks like you should check out Corrales if you’re thinking of moving to New Mexico — it’s the best the Land of Enchantment has to offer according to the data.
Follow along as we provide more insight into how we reached our overall best places to live in New Mexico.
For more New Mexico reading, check out:
- These Are The 10 Best Counties To Live In New Mexico
- 10 Cheapest Places To Live In New Mexico
- 10 Best Places To Raise A Family In New Mexico
Mapping The Best And Worst Places To Live in New Mexico
The Pressing Question: Size
Before we even started to collect data, we had to answer a tough question: Is it fair to pit Santa Fe with a population of 82,927 against places with a population of 18?
We firmly decided no, that just isn’t fair.
So to create our ranking, we broke places to live into three tiers:
- Cities — Populations over 5,000
- Towns — Populations between 1,000 and 5,000
- Small Towns — Populations below 1,000
This left us with 32 cities, 91 towns, and 145 small towns.
We then decided, no matter how much anyone loves their town, the best places have more of everything and therefore you need to have over 5,000 people to truly be ‘the best’.
You can see those two top tens at the bottom of the post.
How We Calculated The Best Place To Live In New Mexico
Now that we had our set of cities, it was time to rank them.
We ranked each place in New Mexico across a number of criteria from one to 32, with one being the best.
We then took the average rank across all criteria, with the city posting the lowest overall score being crowned the winner of the title “Best Place To Live In New Mexico”.
The criteria we looked at were:
- Median Home Values
- Median Income
- Population Density (Higher better)
- Unemployment Rate
- Commute Time
- Education Levels
- Health Insurance Coverage
- Poverty rates
If your city or town isn’t among the top 10, jump down to the bottom of the post to see a detailed chart of the best places in New Mexico.
Otherwise, buckle up for a ride down good living lane with Corrales at the end of the cul-de-sac.
The crime rate is much lower here than in the rest of New Mexico, as there were only 7 violent crimes in the city limits last year. The unemployment rate is the 6th lowest in New Mexico (6.1%), and the public schools are ranked 3rd in the state in terms of spending per student.
Additionally, homes are the 1st most expensive in Corrales ($433,100), meaning a lot of people want to live there.
Plus, the residents earn a really great salary: $80,664 a year.
The Town of Rio Rancho consistently ranks as one of the best places to live. There aren’t any surprises here. Which probably adds credibility to our data, right?
Let’s see why Rio Rancho ranks so high. First of all, the homes in Rio Rancho are the 7th most expensive in the state of New Mexico, with the average home worth a whopping $173,100. We’re not elitists, nor are we saying that big homes means a better place to live. But price reflects demand, and simply put, a lot of people want to live in Rio Rancho if they can afford it.
Other numbers that stand out: Rio Rancho residents have the 2nd highest income in the state, and the 4th lowest crime numbers in New Mexico.
Ruidoso comes in 3rd in our best places to live in New Mexico analysis.
Ranking highly for its exceptionally low unemployment rate (7th overall) and crime rate (6th overall), Ruidoso is the exact kind of place you’d want to live with a family.
Several large companies call the surrounding area home which should keep Ruidoso in our lists for years to come.
Los Ranchos De Albuquerque has a long and illustrious history and its ranking in the top ten of our best places to live is just another notch in its belt.\n\Los Ranchos De Albuquerque had the 3rd highest household median income adjusted for cost of living at $61,841.
Not to mention that its residents have plenty to do on the weekends.
If you want to live in New Mexico, you can’t go wrong if you decide to make the Santa Fe area your home. However, everyone and their mother wants to live here.
Can you blame them? It’s a beautiful place with really low crime, where a majority of residents are wealthy (a $51,572 median income will do that).
Plus, the residents are really involved with helping to make Santa Fe as great as possible. You can’t get it much better than in Santa Fe.
Carlsbad is a short drive from everything, but who would want to leave the 6th best place in New Mexico?
Homes are priced around $125,300 and residents have the 14th shortest commute in New Mexico.
When you’re looking at the best places you could live in New Mexico, Artesia came in 7th. Let’s see why.
It has a low unemployment rate and high incomes.
Plus, Artesia has an impressive history for a place of just over 11,817 people. The median home costs a cool $145,400 and households make $49,516 which is good for 11th in New Mexico.
The crime is the 11th lowest in the state in Alamogordo, and there were only 115 violent crimes in the entire city last year. We think it’s even safer here than the numbers indicate.
The schools are some of the best in New Mexico, and residents live in very expensive homes. They also earn more than most every other city in the state. Residents in Alamogordo earn $46,364 a year.
Farmington has some of the most employed as well as the highest earning residents in the entire state of New Mexico. Factor in a very low crime rate, and this Farmington is a real gem.
With high incomes comes a high cost of living, which can been seen in the home prices. Additionally, the commute time for Farmington residents to work is significantly higher than average.
Albuquerque has a really low crime rate (28th lowest) and only 7.3% of the people are unemployed. Additionally, residents here have high paying jobs ($48,127). And that goes a long way.
The population is growing at a steady clip, and the cost of living is lower than it should be. So people have an extra incentive to live in Albuquerque.
Wrapping Up The Best Places When It Comes To Living In New Mexico
If you’re looking at areas in New Mexico with the best economic situations, where there’s lower than average crime, and a lot to do, this is an accurate list.
Corrales made a strong showing to take in the overall number one spot for 2018.
Best Towns To Live In New Mexico
- Sandia Heights (Pop. 3,319)
- La Huerta (Pop. 1,332)
- San Antonito CDP (Bernalillo (Pop. 1,186)
- Sandia Knolls (Pop. 1,475)
- Bosque Farms (Pop. 3,863)
- El Rancho (Pop. 1,185)
- Placitas CDP (Sandoval (Pop. 4,853)
- Arenas Valley (Pop. 1,480)
- Ponderosa Pine (Pop. 1,382)
- La Mesilla (Pop. 2,165)
Best Small Towns To Live In New Mexico
- Veguita (Pop. 290)
- Pleasanton (Pop. 152)
- Twin Forks (Pop. 254)
- Luis Lopez (Pop. 239)
- San Pedro (Pop. 136)
- Galisteo (Pop. 290)
- Las Palomas (Pop. 412)
- Tijeras (Pop. 547)
- Jaconita (Pop. 421)
- San Jose CDP (San Miguel (Pop. 165)
If you’re curious enough, here are the worst places to live in New Mexico according to the data:
- Anthony (Pop. 9,459)
- Deming (Pop. 14,582)
- Belen (Pop. 7,184)
For more New Mexico reading, check out:
- These Are The 10 Richest Cities In New Mexico
- 10 Safest Places In New Mexico
- 10 Worst Places To Live In New Mexico
Detailed List Of The Best Places To Live In New Mexico
|4||Los Ranchos De Albuquerque||6,069|
|24||Truth Or Consequences||6,157|