The 10 Richest Cities In New Mexico For 2022


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

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Corrales, Carlsbad, Los Ranchos De Albuquerque: 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 $84,398 and a ridiculously low poverty rate of 4.9275362318840585%.

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 2016-2020 American Community Survey for the 33 places in New Mexico with more than 5,000 people.

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 2022

1. Corrales

Corrales, NM

Overall SnackAbility

9
/10

Population: 8,636
Rank Last Year: 1 (No Change)
Median Income: $84,398
Unemployment Rate: 3.1%
Poverty Rate: 4.9%
More on Corrales: Real Estate | Photos

2. Carlsbad

Carlsbad, NM

Source: Public domain
Overall SnackAbility

7
/10

Population: 29,278
Rank Last Year: 2 (No Change)
Median Income: $69,786
Unemployment Rate: 3.0%
Poverty Rate: 14.7%
More on Carlsbad: Real Estate | Photos

3. Los Ranchos De Albuquerque

Los Ranchos De Albuquerque, NM

Overall SnackAbility

7
/10

Population: 6,120
Rank Last Year: 6 (Up 3)
Median Income: $62,261
Unemployment Rate: 4.5%
Poverty Rate: 12.2%
More on Los Ranchos De Albuquerque: Real Estate | Photos

4. Edgewood

Edgewood, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 6,113
Rank Last Year: 4 (No Change)
Median Income: $68,766
Unemployment Rate: 5.4%
Poverty Rate: 11.0%
More on Edgewood: Real Estate | Photos

5. Los Lunas

Los Lunas, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 15,814
Rank Last Year: 7 (Up 2)
Median Income: $59,636
Unemployment Rate: 5.4%
Poverty Rate: 10.1%
More on Los Lunas: Real Estate | Photos

6. Santa Fe

Santa Fe, NM

Overall SnackAbility

7.5
/10

Population: 84,418
Rank Last Year: 3 (Down 3)
Median Income: $57,274
Unemployment Rate: 4.8%
Poverty Rate: 14.3%
More on Santa Fe: Real Estate | Photos

7. Rio Rancho

Rio Rancho, NM

Source: Public domain
Overall SnackAbility

8
/10

Population: 97,976
Rank Last Year: 5 (Down 2)
Median Income: $66,733
Unemployment Rate: 6.4%
Poverty Rate: 8.5%
More on Rio Rancho: Real Estate | Photos

8. Bloomfield

Bloomfield, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 7,791
Rank Last Year: 13 (Up 5)
Median Income: $50,450
Unemployment Rate: 1.7%
Poverty Rate: 18.5%
More on Bloomfield: Real Estate | Photos

9. Albuquerque

Albuquerque, NM

Overall SnackAbility

6
/10

Population: 560,447
Rank Last Year: 8 (Down 1)
Median Income: $53,936
Unemployment Rate: 5.6%
Poverty Rate: 16.0%
More on Albuquerque: Real Estate | Photos

10. Farmington

Farmington, NM

Source: Public domain
Overall SnackAbility

7
/10

Population: 44,967
Rank Last Year: 10 (No Change)
Median Income: $56,576
Unemployment Rate: 5.8%
Poverty Rate: 18.8%
More on Farmington: Real Estate | Photos

Methodology: How We Determined The Richest Places In New Mexico For 2022

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 2016-2020 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 2022”. You can download the data here.

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

Summary: The Wealthiest Places In New Mexico For 2022

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: Silver City
3rd Poorest: Truth or Consequences

For more New Mexico reading, check out:

Detailed List Of The Richest Cities In New Mexico

Rank City RichScore Median Income
1 Corrales 2.67 $84,398
2 Carlsbad 4.67 $69,786
3 Los Ranchos De Albuquerque 5.67 $62,261
4 Edgewood 6.0 $68,766
5 Los Lunas 6.67 $59,636
6 Santa Fe 8.0 $57,274
7 Rio Rancho 8.0 $66,733
8 Bloomfield 9.0 $50,450
9 Albuquerque 11.33 $53,936
10 Farmington 12.33 $56,576
11 Lovington 13.0 $60,401
12 Alamogordo 14.0 $45,786
13 Roswell 15.33 $45,493
14 Hobbs 15.33 $57,646
15 Artesia 15.67 $56,503
16 Ruidoso 16.0 $43,847
17 Socorro 16.33 $43,337
18 Aztec 17.33 $44,018
19 Raton 17.67 $32,440
20 Bernalillo 18.67 $50,528
21 Clovis 19.33 $47,794
22 Las Cruces 20.67 $45,140
23 Sunland Park 21.67 $33,342
24 Grants 22.0 $44,122
25 Gallup 23.0 $45,754
26 Taos 24.33 $30,709
27 Belen 24.67 $35,448
28 Las Vegas 24.67 $30,877
29 Portales 26.33 $41,507
30 Deming 28.33 $28,463
31 Truth Or Consequences 29.0 $28,250
32 Silver City 31.0 $30,821
33 Anthony 32.33 $27,625

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth time ranking the richest cities in New Mexico.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.