Corrales, NM
Population 8,557 · New Mexico
About Corrales, NM
Corrales is a small community in New Mexico with a population of 8,557 residents. The median household income is $114,207 per year, which is above the national average. The median age in Corrales is 55.8 years.
Housing in Corrales has a median home value of $549,700 and median monthly rent of $1,184. Of the 3,924 total housing units, the majority are owner-occupied, with 3,233 owner-occupied and 310 renter-occupied units.
The unemployment rate in Corrales is 6.3% and the poverty rate is 6.9%. 52.4% of residents hold a bachelor's degree or higher. The average commute time is 28.3 minutes.
How Corrales Ranks in New Mexico
Cost of Living in Corrales, NM
Compared to national averages, Corrales has a median household income of $114,207 (52% above the national median of $75,149). Home values average $549,700, which is 124% above the national median. Monthly rent at $1,184 is 2% above the US average of $1,163. Within New Mexico, Corrales's income is 69% above the state average of $67,435, and home values are 135% above the state median of $233,762.
Why Live in Corrales, NM?
Corrales offers a strong local economy with a median household income of $114,207, well above the national average, and a well-educated community where 52.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $549,700. However, Corrales’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Corrales has a population of 8,557 with a median age of 55.8 years. Compare Corrales with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Corrales
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Socorro | 8,540 | $51,343 | $162,400 | Compare |
| Anthony | 8,701 | $33,141 | $110,800 | Compare |
| Shiprock | 8,339 | $41,563 | $101,500 | Compare |
| Bernalillo | 9,068 | $61,624 | $237,100 | Compare |
| Grants | 9,106 | $49,286 | $123,600 | Compare |
| Ruidoso | 7,701 | $50,259 | $229,100 | Compare |
| Silver City | 9,574 | $39,025 | $160,900 | Compare |
| Belen | 7,427 | $40,354 | $154,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Corrales
What is the population of Corrales, NM?
The population of Corrales, NM is 8,557 according to the latest Census data.
What is the median household income in Corrales?
The median household income in Corrales, NM is $114,207 per year.
What is the median home value in Corrales?
The median home value in Corrales, NM is $549,700.
What is the average rent in Corrales?
The median monthly rent in Corrales, NM is $1,184.
What is the unemployment rate in Corrales?
The unemployment rate in Corrales, NM is 6.3%.