Rio Rancho, NM
Discover how far your salary goes in Rio Rancho. Compare taxes, rent, and living costs.
104,046
5.9%
$1,250
/month
-11%
below avg
How far would your salary go in Rio Rancho?
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Rent Prices in Rio Rancho
Studio
$1,000
/month
$12,000/year
1 Bedroom
$1,250
/month
$15,000/year
2 Bedroom
$1,687
/month
$20,244/year
3 Bedroom
$2,187
/month
$26,244/year
Taxes in New Mexico
State Income Tax
New Mexico
For a $100k salary, that's ~$5,900/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Rio Rancho, NM?▼
Rio Rancho has a cost of living index of 99, which is 1% below the national average. A 1-bedroom apartment costs around $1,250/month.
What is the state income tax in New Mexico?▼
New Mexico has a state income tax rate of approximately 5.9%. This is in addition to federal income tax.
How much is rent in Rio Rancho?▼
The median rent for a 1-bedroom apartment in Rio Rancho is $1,250/month. For a 2-bedroom, expect to pay around $1,687/month. This is 11% below the national average.
Is Rio Rancho a good place to live?▼
Rio Rancho is a mid-size city with a population of 104,046. The cost of living is below average, making it more affordable than average for the US.
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