Rio Rancho is a city located in New Mexico with a population of 93,820. It is a vibrant city that offers many amenities such as low 2 bedroom rent, affordable grocery costs and plenty of local businesses. Popular companies in Rio Rancho include Intel Corporation, the City of Rio Rancho, Presbyterian Healthcare Services, and Sandoval County Government. The average 2 bedroom rent in Rio Rancho is $1,420 compared to the US average of $1430. Additionally, the grocery cost index for Rio Rancho is 95 versus 100 in the US making it an affordable place to live for those looking for reasonable costs and plenty of job opportunities.
Rio Rancho has an unemployment rate of 7.6%. The US average is 6.0%.
Rio Rancho has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Rio Rancho
- The Sales Tax Rate for Rio Rancho is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rio Rancho is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rio Rancho
- The average income of a Rio Rancho resident is $27,400 a year. The US average is $28,555 a year.
- The Median household income of a Rio Rancho resident is $70,615 a year. The US average is $69,021 a year.