Corrales, Los Ranchos De Albuquerque, Santa Fe: 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 $114,207 and a ridiculously low poverty rate of 6.946234040060912%.
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 2019-2023 American Community Survey for the 36 places in New Mexico with more than 3,000 people.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In New Mexico For 2025
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:
The 10 Richest Cities In New Mexico For 2025
1. Corrales
/10
Population: 8,557
Median Income: $114,207
Median Home Values: $693,999
More on Corrales: Data | Crime | Cost Of Living
2. Los Ranchos de Albuquerque
/10
Population: 5,869
Median Income: $70,801
Median Home Values: $691,787
More on Los Ranchos De Albuquerque: Data | Cost Of Living
3. Santa Fe
/10
Population: 88,224
Median Income: $70,110
Median Home Values: $580,317
More on Santa Fe: Data | Cost Of Living
4. Edgewood
/10
Population: 6,122
Median Income: $81,227
Median Home Values: $374,795
More on Edgewood: Data | Crime | Cost Of Living
5. Rio Rancho
/10
Population: 106,533
Median Income: $85,755
Median Home Values: $355,185
More on Rio Rancho: Data | Crime | Cost Of Living
6. Peralta
/10
7. Bosque Farms
/10
8. Albuquerque
/10
Population: 562,488
Median Income: $65,604
Median Home Values: $338,971
More on Albuquerque: Data | Crime | Cost Of Living
9. Carlsbad
/10
Population: 31,813
Median Income: $78,277
Median Home Values: $231,518
More on Carlsbad: Data | Crime | Cost Of Living
10. Bernalillo
/10
Population: 9,068
Median Income: $61,624
Median Home Values: $336,655
More on Bernalillo: Data | Crime | Cost Of Living
Methodology: How We Determined The Richest Places In New Mexico For 2025
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying 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 2019-2023 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 36 places with more than 3,000 people in New Mexico, we ranked each place from 1 to 36 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 2025.”
The data has been updated for 2025. This is our tenth time ranking the wealthiest cities in New Mexico.
You can skip to the end to see the rankings for all 36 places.
Summary: The Wealthiest Places In New Mexico For 2025
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.
The richest cities in New Mexico are Corrales, Los Ranchos de Albuquerque, Santa Fe, Edgewood, Rio Rancho, Peralta, Bosque Farms, Albuquerque, Carlsbad, and Bernalillo.
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: Tucumcari
2nd Poorest: Truth or Consequences
3rd Poorest: Deming
For more New Mexico reading, check out:
- Cheapest Places To Live In New Mexico
- Worst Places To Live In New Mexico
- Best Places To Raise A Family In New Mexico
Detailed List Of The Richest Cities In New Mexico
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | Corrales | 1.0 | $114,207 | $693,999 |
| 2 | Los Ranchos De Albuquerque | 4.0 | $70,801 | $691,787 |
| 3 | Santa Fe | 5.0 | $70,110 | $580,317 |
| 4 | Edgewood | 5.0 | $81,227 | $374,795 |
| 5 | Rio Rancho | 5.0 | $85,755 | $355,185 |
| 6 | Peralta | 7.0 | $67,703 | $407,369 |
| 7 | Bosque Farms | 8.5 | $63,889 | $428,495 |
| 8 | Albuquerque | 10.0 | $65,604 | $338,971 |
| 9 | Carlsbad | 11.5 | $78,277 | $231,518 |
| 10 | Bernalillo | 12.5 | $61,624 | $336,655 |
| 11 | Los Lunas | 13.0 | $63,696 | $320,421 |
| 12 | Farmington | 13.5 | $63,745 | $270,903 |
| 13 | Artesia | 14.0 | $77,647 | $223,060 |
| 14 | Las Cruces | 15.0 | $55,176 | $288,612 |
| 15 | Taos | 16.0 | $46,579 | $441,637 |
| 16 | Hobbs | 18.0 | $65,691 | $199,781 |
| 17 | Lovington | 18.5 | $67,284 | $173,877 |
| 18 | Ruidoso | 18.5 | $50,259 | $334,703 |
| 19 | Gallup | 20.5 | $57,466 | $217,068 |
| 20 | Bloomfield | 20.5 | $51,212 | $239,658 |
| 21 | Sunland Park | 20.5 | $52,147 | $225,679 |
| 22 | Alamogordo | 21.5 | $52,515 | $219,115 |
| 23 | Belen | 23.0 | $40,354 | $267,761 |
| 24 | Aztec | 23.0 | $42,699 | $263,236 |
| 25 | Clovis | 24.5 | $54,029 | $158,505 |
| 26 | Socorro | 24.5 | $51,343 | $186,736 |
| 27 | Las Vegas | 25.5 | $42,732 | $224,803 |
| 28 | Silver City | 26.5 | $39,025 | $226,718 |
| 29 | Anthony | 26.5 | $33,141 | $233,174 |
| 30 | Roswell | 27.0 | $50,294 | $169,414 |
| 31 | Raton | 27.5 | $52,007 | $142,697 |
| 32 | Portales | 29.0 | $51,290 | $135,903 |
| 33 | Grants | 30.0 | $49,286 | $145,972 |
| 34 | Deming | 32.0 | $35,920 | $158,912 |
| 35 | Truth Or Consequences | 34.0 | $29,142 | $155,121 |
| 36 | Tucumcari | 34.0 | $39,915 | $83,714 |