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Corrales, New Mexico

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
8,555
Population
$102,307
Median Income
$571,500
Home Value
57.8
Median Age

Demographics

Corrales has a population of 8,555 with a median age of 57.8. Here is the racial and ethnic breakdown of the population:

White
68.9%
Hispanic
29.4%
Black
0.9%
Asian
0.8%
Demographic Value
Total Population8,555
Median Age57.8
White68.9%
Black or African American0.9%
Asian0.8%
Hispanic or Latino29.4%
Corrales, New Mexico — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 68.9%Hispanic/Latino: 29.4%Other: 1.7%8,555PopulationWhiteWhite68.9%Hispanic/LatinoHispanic/Latino29.4%OtherOther1.7%

Income & Economy

The median household income in Corrales is $102,307, which is 26.9% above the national median of $80,610. The per capita income is $63,801. The poverty rate is 7.0%.

$102,307
Median Household Income
$63,801
Per Capita Income
7.0%
Poverty Rate

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Education

In Corrales, 95.6% of residents age 25+ have a high school diploma or higher, and 51.5% hold a bachelor's degree or higher (24.9% with a graduate or professional degree).

HS Diploma+
95.6%
Bachelor's+
51.5%
Graduate+
24.9%
Education Level % of Adults (25+)
High School Diploma or Higher95.6%
Bachelor's Degree or Higher51.5%
Graduate or Professional Degree24.9%

Housing

The median home value in Corrales is $571,500, above the national median of $303,400. The median monthly rent is $1,143. The homeownership rate is 91.2%.

$571,500
Median Home Value
$1,143/mo
Median Rent
91.2%
Homeownership Rate
Housing Metric Value
Median Home Value$571,500
Median Monthly Rent$1,143
Homeownership Rate91.2%
Vacancy Rate9.9%

Salaries in New Mexico

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Frequently Asked Questions

What is the population of Corrales, New Mexico?
The population of Corrales, New Mexico is 8,555 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Corrales, New Mexico?
The median household income in Corrales, New Mexico is $102,307. This is 26.9% above the national median of $80,610.
What is the median home value in Corrales, New Mexico?
The median home value in Corrales, New Mexico is $571,500. The median monthly rent is $1,143.
What percentage of people in Corrales have a college degree?
In Corrales, New Mexico, 51.5% of adults age 25 and older hold a bachelor's degree or higher, and 95.6% have a high school diploma or higher.
Is Corrales, New Mexico an affordable place to live?
The home price-to-income ratio in Corrales, New Mexico is 5.6x (median home value $571,500 vs. median income $102,307), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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