Rio Rancho : New mexico

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What it's Like to Retire in Rio Rancho

Rio Rancho is the third-largest and also one of the fastest growing cities in New Mexico. As of the 2010 census, this new and suburban city had a population of 90,000, a 75% rise from 2000. It lies in the Albuquerque Basin to the west of the Rio Grande, about 12 miles from Albuquerque. Although the community is very popular with young families, we hear reports that some people ofretirement age enjoy living here, some of them saying the community offers good value for the money. The housing and community have a suburban feel. Photos courtesy of Wikipedia - aerial view by Riverrat303  and Santa Ana Center by camerafiend.

 

Where to Retire in Rio Rancho and Home Prices

The price of homes in Rio Rancho remained fairly steady at about $175,000 throughout 2013 and 2014 (City-Data.com)

 

What is special about Rio Rancho

It is in the beautiful state of New Mexico near mountains and the big city of Albuquerque. There is a community college.

 

What is not special about Rio Rancho

You might have to drive down the hill for good shopping and restaurants.  Tends to be more for younger families than retirees.

 

Who will like retirement in Rio Rancho

People who want to be near the mountains of New Mexico and close to Albuquerque, but not in it, might enjoy living in Rio Rancho.

 

Local economy is driven by

There are a fair number of good sized businesses in Rio Rancho, including Intel, which is by far the largest. There is considerable development going on including Mariposa, a 6,500-acre Development and the Rust Medical Center, which opened in 2011.

 

Climate and Physical Environment

It is located 12 miles from Albuquerque in north central NM. January average temp is in the mid 30s and July avg temp in the mid 70s.  There is typically a few inches of snow per month in winter. The rest of the year is dry.

 

Restaurants & Cultural Scene

Restaurant chains are more likely than independents.  Univ of NM has a branch here, and there is also Central New Mexico Community College,.

 

Crime

The crime rate is about 2/3 the national average.

 

Medical facilities

The Rust Medical Center is new. Albuquerque has more hospitals and doctors.

 

Transportation

There is some bus service. ABQ has the big airport.

 

Valuable Links

Rio Rancho Convention and Visitors Bureau

 

What people are saying about Rio Rancho

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Facts about RIO RANCHO
  • State: NM
  • Environment: Suburban,Mountain,
  • City Population: 50,001-100,000
  • Median age of Population: 25-44
  • Avg Jan Temperature: 41-60
  • Avg July Temperature: 60-80
  • Median HH Income: 60,001-80,000
  • Average Home Price (MLS): $100,000-$200,000
  • Annual Property Tax on a $200,000 house: Less than 2000
  • Total Crime Index: 91-100 (slightly below average)
  • Cost of Living Index: 91-100 (slightly below average)
  • Culture Index: 101-110 (slightly above average)
  • State Sales Tax: Yes
  • State Income Tax: Yes
  • Name of the Guide: boomer1

Can you add to or correct these Facts? Or do you have a photo of this community we could use? If so, please click on Edit these facts

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