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Rio Rancho, NM 87124 has a population of approximately 54,253 and experiences a population change rate of 2.85%. The population density is 770 / sq mi .
The median household income for Rio Rancho, NM 87124 is $63,826, with 21,614 households and an average household size of 2.61.
The median value of a home in Rio Rancho, NM 87124 is $281,600 with an appreciation rate of 17.10%. 73.17% of housing in the state is owned while 22.92% is rented.
The cost of living in Rio Rancho, NM 87124 is 100.5 %.
The unemployment rate in Rio Rancho, NM 87124 is 2.90%, and recent job growth is at 0.98%. Future job growth is projected at 42.29%.
The sales tax rate in Rio Rancho, NM 87124 is 8.00%, while the income tax rate is 4.90% .
School expenditures in Rio Rancho, NM 87124 are $13,881, and the school ratio is 15.2:1.
The average high temperature in July is 93.6 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 12 inches per year, with 10.1 inches of snow per year.
