Everything You Need to Know About the City of Rio Rancho New Mexico
In 2017, Rio Rancho, New Mexico had a population of 93.3k people with a median age of 38.1 and a median household income of $63,180 dollars. Between 2016 and 2017 the population of Rio Rancho, NM grew from 92,966 to 93,317, a 0.378 percent increase, and its median household income grew from $62,637 dollars to $63,180 dollars, a 0.867 percent increase.
The population of Rio Rancho, NM is 50.3 percent White Alone, 40.7 percent Hispanic or Latino, and 2.71 percent Two or More Races. N/A% of the people in Rio Rancho, NM speak a non-English language, and 97.7 percent are U.S. citizens.
The median property value in Rio Rancho, NM is $178,000 dollars, and the homeownership rate is 78.4 percent. Most people in Rio Rancho, NM commute by Drove Alone, and the average commute time is 27.3 minutes. The average car ownership in Rio Rancho, NM is 2 cars per household.
92.6 percent of the population of Rio Rancho, NM has health coverage, with 49.3 percent on employee plans, 16.1 percent on Medicaid, 10.2 percent on Medicare, 13.8 percent on non-group plans, and 3.18 percent on military or VA plans.
Per capita personal health care spending in the place of Rio Rancho, NM was $7,214 dollars in 2014. This is a 5.16 percent increase from the previous year ($6,860 dollars).
Primary care physicians in Rio Rancho, NM see 1602 patients per year on average, which represents a 2.2 percent decrease from the previous year (1638 patients). Compare this to dentists who see 2328 patients per year, and mental health providers who see 322 patients per year.
Comparing across all counties in the state, Cibola County has the highest prevalence of diabetes (13.7 percent). Additionally, McKinley County has the highest prevalence of adult obesity (35.1 percent)
The economy of Rio Rancho, NM employs 42.4k people and Rio Rancho has an unemployment rate of 4.7 percent. Rio Rancho has seen the job market increase by 3.4 percent over the last year. Future job growth over the next ten years is predicted to be 37.9 percent, which is higher than the US average of 33.5 percent. The largest industries in Rio Rancho, NM are Health Care & Social Assistance (6,400 people), Educational Services (4,173 people), and Retail Trade (5,843 people), and the highest paying industries are Utilities ($69,615 dollars), Manufacturing ($68,346 dollars), and Professional, Scientific, & Technical Services ($64,497 dollars).
Households in Rio Rancho, NM have a median annual income of $63,180 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $62,637 dollars in 2016, which represents a 0.867 percent annual growth.
Tax Rates for Rio Rancho
– The Sales Tax Rate for Rio Rancho is 7.4 .percent
– The Income Tax Rate for Rio Rancho is 4.9 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Rio Rancho
– The average earnings of a Rio Rancho resident is $27,400 dollars a year.
– The Median household earnings of a Rio Rancho resident is $59,243 dollars a year.
