The 10 Richest Cities In New Mexico For 2021


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

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Corrales, Carlsbad, 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 $85,580 and a ridiculously low poverty rate of 4.9487657196087556%.

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 2015-2019 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 2021

1. Corrales

Corrales, NM

Overall SnackAbility

9
/10

Population: 8,588
Rank Last Year: 1 (No Change)
Median Income: $85,580
Unemployment Rate: 2.8%
Poverty Rate: 4.9%
More on Corrales: Real Estate | Photos

2. Carlsbad

Carlsbad, NM

Source: Public domain
Overall SnackAbility

7
/10

Population: 29,158
Rank Last Year: 3 (Up 1)
Median Income: $69,193
Unemployment Rate: 3.8%
Poverty Rate: 14.0%
More on Carlsbad: Real Estate | Photos

3. Santa Fe

Santa Fe, NM

Overall SnackAbility

7.5
/10

Population: 83,922
Rank Last Year: 5 (Up 2)
Median Income: $57,972
Unemployment Rate: 4.3%
Poverty Rate: 13.5%
More on Santa Fe: Real Estate | Photos

4. Edgewood

Edgewood, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 6,071
Rank Last Year: 4 (No Change)
Median Income: $64,931
Unemployment Rate: 6.5%
Poverty Rate: 12.0%
More on Edgewood: Real Estate | Photos

5. Rio Rancho

Rio Rancho, NM

Source: Public domain
Overall SnackAbility

8
/10

Population: 96,210
Rank Last Year: 6 (Up 1)
Median Income: $66,856
Unemployment Rate: 6.7%
Poverty Rate: 9.5%
More on Rio Rancho: Real Estate | Photos

6. Los Ranchos De Albuquerque

Los Ranchos De Albuquerque, NM

Overall SnackAbility

7
/10

Population: 6,114
Rank Last Year: 2 (Down 4)
Median Income: $64,732
Unemployment Rate: 4.9%
Poverty Rate: 18.0%
More on Los Ranchos De Albuquerque: Real Estate | Photos

7. Los Lunas

Los Lunas, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 15,589
Rank Last Year: 7 (No Change)
Median Income: $56,250
Unemployment Rate: 6.5%
Poverty Rate: 11.5%
More on Los Lunas: Real Estate | Photos

8. Albuquerque

Albuquerque, NM

Overall SnackAbility

6
/10

Population: 559,374
Rank Last Year: 13 (Up 5)
Median Income: $52,911
Unemployment Rate: 5.6%
Poverty Rate: 16.9%
More on Albuquerque: Real Estate | Photos

9. Ruidoso

Ruidoso, NM

Source: Public domain
Overall SnackAbility

5
/10

Population: 7,791
Rank Last Year: 9 (No Change)
Median Income: $50,114
Unemployment Rate: 6.6%
Poverty Rate: 8.1%
More on Ruidoso: Real Estate | Photos

10. Farmington

Farmington, NM

Source: Public domain
Overall SnackAbility

7
/10

Population: 45,258
Rank Last Year: 8 (Down 2)
Median Income: $54,480
Unemployment Rate: 6.5%
Poverty Rate: 17.4%
More on Farmington: Real Estate | Photos

How We Determined The Richest Places In New Mexico For 2021

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 2015-2019 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 2021”. 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.

There You Have It – The Wealthiest Places In New Mexico For 2021

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: Truth or Consequences
3rd Poorest: Las Vegas

For more New Mexico reading, check out:

Detailed List Of The Richest Cities In New Mexico

Rank City RichScore Median Income
1 Corrales 1.33 $85,580
2 Carlsbad 4.33 $69,193
3 Santa Fe 6.0 $57,972
4 Edgewood 7.33 $64,931
5 Rio Rancho 7.67 $66,856
6 Los Ranchos De Albuquerque 7.67 $64,732
7 Los Lunas 8.67 $56,250
8 Albuquerque 9.67 $52,911
9 Ruidoso 10.33 $50,114
10 Farmington 10.33 $54,480
11 Hobbs 12.33 $59,020
12 Aztec 12.33 $45,870
13 Bloomfield 12.33 $52,030
14 Roswell 13.67 $43,372
15 Lovington 15.67 $51,620
16 Alamogordo 16.0 $42,204
17 Artesia 16.67 $51,839
18 Socorro 17.33 $41,271
19 Raton 17.33 $31,034
20 Bernalillo 19.0 $44,978
21 Clovis 20.0 $43,111
22 Las Cruces 21.0 $43,022
23 Gallup 21.0 $48,065
24 Belen 23.0 $36,601
25 Grants 23.33 $41,475
26 Silver City 24.0 $31,620
27 Taos 25.0 $29,300
28 Portales 27.0 $37,921
29 Sunland Park 28.33 $27,266
30 Deming 30.0 $27,079
31 Las Vegas 30.0 $26,561
32 Truth Or Consequences 30.67 $23,988
33 Anthony 31.67 $23,948

How Is The Area In ?

Editor’s Note: Data has been updated for 2021. This is our seventh 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.