Discover The Best Places to Live in New Mexico in 2024
If you’re considering calling New Mexico home, be sure to check out this definitive list of the best places to live in New Mexico!
Over 2 million people live in the wonderful state of New Mexico. That respectable number comes as no surprise given the incredible cultural treasures and regional features the state has to offer. From the amenities, gourmet restaurants, and nightlife of Albuquerque, to the allure of Los Alamos, those who choose to live in New Mexico have a wide range of excellent options at their fingertips.
Top 9 Cities to Live in New Mexico 2024
To help you decide what cities in NM will best suit your unique needs, our team at Myers & Myers Real Estate has put together this list of the Best Places to Live in New Mexico for 2024. In addition, you’ll find our suggestions on some of the next best places to live in New Mexico! Our list includes large and small towns in New Mexico to live in.
Is New Mexico a good place to live? Read more and decide for yourself!
- Los Alamos
- Albuquerque
- Rio Rancho
- Corrales
- Ruidoso
- Farmington
- Artesia
- Santa Fe
- Los Lunas
Best Place to Live In New Mexico – #1
Los Alamos
Los Alamos tops the list of best places to live in New Mexico. It is a breathtaking region located in Central Northern New Mexico situated across four mesas in White Rock Canyon and Pajarito Plateau. In addition, the schools are among the best in the state. Also, crime rates are exceptionally low and the median income is well above the national average. This is due in large part to the Los Alamos National Laboratory. The population of Los Alamos is 12,978.
The Los Alamos National Laboratory is famous for its work on advanced weapons. Moreover, the laboratory is responsible for much of the employment in the area and as a result, 43% of the adult population in Los Alamos holds a master’s degree or better. That number is over 30% higher than the national average.
Also, in Los Alamos, you will experience spectacular sights from every direction and a deep sense of community among the locals. Living in Los Alamos is quite pleasant due to its mild climate with summer temperatures averaging around 70 degrees.
Best Places to Live In New Mexico – #2
Albuquerque
Second, on our list of best cities to live in New Mexico is Albuquerque. With over half a million residents, Albuquerque is the largest city in New Mexico. According to the 2021 US Census, Albuquerque’s population is 562,599. That population has led to the city becoming a cultural centerpiece for the state teeming with activities for people of all age groups.
Albuquerque, New Mexico is one of the cities in NM that offers a unique blend of rich history, vibrant culture, and natural beauty, making it one of the best places to live in New Mexico. The city is nestled at the foot of the Sandia Mountains, providing breathtaking views and a wealth of outdoor recreational activities. Residents can take advantage of the city’s extensive bike trails, hiking trails, and parks, such as the Sandia Peak Tramway and the Petroglyph National Monument.
Additionally, Albuquerque boasts a mild climate, with over 300 days of sunshine per year, making it an ideal location for those who enjoy outdoor activities.
In addition to its natural beauty, Albuquerque is also a hub for art and culture. The city is home to numerous museums and galleries, such as the Albuquerque Museum and the National Hispanic Cultural Center, which celebrate the city’s diverse history and cultural heritage. The city is also known for its annual Balloon Fiesta, which is one of the largest hot air balloon festivals in the world, drawing visitors from all over the globe. With a low cost of living, strong job market, and access to world-class healthcare and education, Albuquerque is a great place to call home for individuals and families alike.
The cost of living in Albuquerque is low, taxes are reasonable, and employment is abundant. Because of that, Albuquerque is quickly becoming a place where people from all over the country come to live while building their savings. Thinking of moving here? Check out the best neighborhoods in Albuquerque or start searching for homes by viewing the newest homes for sale in Albuquerque.
Albuquerque Real Estate Market Report
The average home price in Albuquerque is $393,613 in December 2023 for the trailing twelve months (TTM) and the average home price per square foot in Albuquerque is $201 in December 2023 (TTM).
The median home price in Albuquerque is $342,000 in December 2023 (TTM) and the median home price per square foot in Albuquerque is $198 in December 2023 (TTM).
For the TTM December 2023, the most expensive home sold in Albuquerque is $2,398,020.
2808 San Marcial Street NW Albuquerque, New Mexico
3 Beds 1 Baths 1,583 SqFt 0.150 Acres
4801 2nd Street SW Albuquerque, New Mexico
4 Beds 2 Baths 1,355 SqFt 0.550 Acres
6109 Canis Avenue NW Albuquerque, New Mexico
3 Beds 2 Baths 1,584 SqFt 0.090 Acres
410 Utah Street NE Albuquerque, New Mexico
4 Beds 2 Baths 1,527 SqFt 0.160 Acres
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Best Places to Live In New Mexico – #3
Rio Rancho
If you’re looking for one of the cities in NM on the move, look no further than Rio Rancho. Rio Rancho is in the midst of explosive growth having ballooned by roughly 30,000 residents from 2005 to 2015. This growth is due largely in part to the work opportunities the city offers. According to the 2020 US Census, the population of Rio Rancho is 104,046.
Rio Rancho is the economic hub of Sandoval County and consequently, houses many hiring businesses. Intel is ramping up production of microprocessor chips in Rio Rancho and rumor has it that there will be 1800 high-paying jobs at the plant!
The average income of families in Rio Rancho is around $60,000. A number that exceeds the state average of $43,820. Given that high income, crime is low. A possible downside to Rio Rancho is that the cost of living can be higher than average. The average rent in the city, for example, is $864.00 which is higher than most of the state. Check out these newest homes for sale in Rio Rancho.
Rio Rancho Real Estate Market Report
The average home price in Rio Rancho is $388,431 in December 2023 (TTM) and the average home price per square foot in Rio Rancho is $200 in December 2023 (TTM).
The median home price in Rio Rancho is $355,000 in December 2023 (TTM) and the median home price per square foot in Rio Rancho is $203 in December 2023 (TTM).
For the TTM December 2023, the most expensive home sold in Rio Rancho is $1,400,000.
910 Nightglow Rio Rancho, New Mexico
6 Beds 4 Baths 3,411 SqFt 0.500 Acres
6700 Zachary Road NE Rio Rancho, New Mexico
4 Beds 3 Baths 2,580 SqFt 0.160 Acres
4200 Addison Drive NE Rio Rancho, New Mexico
5 Beds 3 Baths 2,409 SqFt 0.160 Acres
98 Saffin Drive SE Rio Rancho, New Mexico
3 Beds 2 Baths 1,168 SqFt 0.200 Acres
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Best Places to Live in New Mexico – #4
Corrales
Corrales NM is a beautiful rural village located on the west bank of the Rio Grande River and located just north of Albuquerque. The village of Corrales works hard to maintain its rural setting with a population of Corrales is 8,530 residents. Corrales is one of the best small towns to live in New Mexico. Many of the homes sit on 1-acre lots or more. Many residents love to live organically and have horses, chickens, and other farm animals.
In addition, it is very common to see people riding horses on the ditch banks. Corrales also hosts a farmer’s market full of fresh local food and homemade goods.
If you visit, be sure to check out Wagners Farms when they are roasting green Chile (Roasting green Chile is one of the best smells around!) You will also want to dine at Hannah & Nates for some excellent breakfast fare!
Corrales Real Estate Market Report
The average home price in Corrales is $802,360 in December 2023 (TTM) and the average home price per square foot in Corrales is $282 in December 2023 (TTM).
The median home price in Corrales is $705,000 in December 2023 (TTM) and the median home price per square foot in Corrales is $278 in December 2023 (TTM).
For the TTM December 2023, the most expensive home sold in Corrales is $2,150,000.
6735 Corrales Road Corrales, New Mexico
4 Beds 4 Baths 3,435 SqFt 2.980 Acres
945 Sagebrush Drive Corrales, New Mexico
3 Beds 2 Baths 2,389 SqFt 0.800 Acres
1039 W Meadowlark Lane Corrales, New Mexico
3 Beds 2 Baths 1,909 SqFt 0.780 Acres
400 Camino De Lucia Corrales, New Mexico
3 Beds 2 Baths 3,455 SqFt 1 Acres
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Best Places to Live in New Mexico – #5
Ruidoso
Ruidoso is a small village located in the cool pines of the Sierra Blanca Mountain Range in Southern New Mexico. It sits at 6,920 feet above sea level and the population of Rio Rancho is 7,769. Ruidoso is one of the best small towns to live in New Mexico. If you love a quiet town with lots of outdoor activities, Ruidoso may be for you. Both Alto and Grindstone lakes are stocked with rainbow trout for year-round fishing.
Enjoy hiking and wildlife sightings as the lakes are home to elk, black bears, osprey, and bald eagles. Nearby Lincoln National Forrest offers hiking and waterfalls. Ski Apache is located about 16 miles from Ruidoso and offers snow skiing and mountain biking in the summer.
Ruidoso Downs and Casino is known for Quarter Horse racing and the All-American Futurity. The All-American Futurity is held on Labor Day and is the richest horse race in North America for 2-year-old horses of any breed. Billy The Kid Casino is also located at the race track with slot machine action. Inn Of The Mountain Gods is located next to the Mescalero Lake with beautiful scenery, a golf course, restaurants, and casino gambling. Ruidoso is stunning and a hidden gem in southern New Mexico.
Best Places to Live in New Mexico – #6
Farmington
Farmington is a city located in San Juan County in North West New Mexico. The city is known for its abundance of entertainment and things to do. Whether you’re looking to explore the Aztec Museum, hop through the city’s local breweries, or spend time at the De-Na-Zin Wilderness Area, the city has no shortage of appealing options.
With an average rent price of just $718 per month and a median income per household of just below $50,000, Farmington is a very livable city. To top it off, it enjoys some of the best weather in the state! The population of Farmington is 46,422
Best Places to Live in New Mexico – #7
Artesia
Artesia is one of the most beautiful cities in NM that is situated in Eddy County in South East New Mexico. It is sometimes referred to as “the city of champions” and that may not be much of an exaggeration. The city boasts championship-quality unemployment numbers that are well below the national average. The population of Artesia is 12,458.
Additionally, they have a 12 – 1 student-to-teacher ratio. Also, they boast a superb cost of living. On the subject of the cost of living, when looking at the worldwide cost of living index, Furthermore, Artesia scores in the low 80s. However, most cities in the United States hover around 100.
Best Places to Live in New Mexico – #8
Sante Fe
Deserving of a mention on our best places to live in New Mexico list is Sante Fe. Located just North and East of Albuquerque, Sante Fe is host to some of the most spectacular festivals, architecture, and culture,e the state of New Mexico has to offer. If you’re a history buff or a socialite asking where to live in New Mexico, Sante Fe should be near the top of your list.
In addition, Sante Fe boasts a high quality of life. To that end, despite its scale, it still manages a relatively high average household income of over $50,000. It also boasts excellent commute times of under 20 minutes on average. However, housing costs can be high here in comparison to the rest of the state. For purchase, the average home price is over $550,000. In addition, rental property is also above the state’s average.
Santa Fe is the Capital of New Mexico and the population of Santa Fe is 88,193. This makes it the 4th largest city in New Mexico.
Best Places To Live In New Mexico – #9
Los Lunas
Los Lunas is becoming a great small town to live in New Mexico due to its healthy economy and new job opportunities. Located just under 35 miles south of Albuquerque, the population of Los Lunas is 17,861 (2021 US Census) people with a rural feel, yet only a 20-minute drive from the bustling metropolis of Albuquerque.
The current economic boom and all the new jobs Los Lunas has to offer to make it a great choice for anyone looking to move to New Mexico. Los Lunas is worth considering if you’re looking for good job availability and a healthy economy. A key attraction Los Lunas has to offer though is its strong economy full of job availability and healthy growth. Los Lunas truly stands out among the best places to live in New Mexico due to its lifestyle options combined with great economic prospects.
Facebook recently announced its plans for an expansion of its renowned data-storage center campus in Los Lunas, which includes a two billion dollar investment. The 750-acre campus will span an impressive 3.8 million square feet across eight buildings, with four already operational and four more currently in development.
Los Lunas, New Mexico is set to receive a major economic boost with the commitment of Manna Capital and their investment of more than $2 billion in the construction of an aluminum can sheet rolling mill and recycling center. This ambitious project is estimated to create about 950 high-paying jobs.
Congratulations to Los Lunas for a great job of creating tremendous economic growth for its residents.
Los Lunas Real Estate Market Report
Los Lunas offers affordable housing with lower costs than Albuquerque.
The average home price in Los Lunas is $318,884 in December 2023 (TTM) and the average home price per square foot in Los Lunas is $181 in December 2023 (TTM).
The median home price in Los Lunas is $303,065 in December 2023 (TTM) and the median home price per square foot in Los Lunas is $184 in December 2023.
For the TTM December 2033, the most expensive home sold in Los Lunas is $815,000.
119 Main Street SW Los Lunas, New Mexico
4 Beds 4 Baths 5,411 SqFt 1.460 Acres
2 Aventura Road Los Lunas, New Mexico
5 Beds 4 Baths 4,200 SqFt 5 Acres
10 Melvin Sanchez Road Los Lunas, New Mexico
3 Beds 1 Baths 2,000 SqFt 25.960 Acres
1604 Juan Perea Road SE Los Lunas, New Mexico
3 Beds 2 Baths 1,569 SqFt 5.320 Acres
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Wrapping Up Some of the Best Places to Live in New Mexico
New Mexico is a melting pot of both cultural and natural effervescence. When making the move here, knowing what you’re looking for and your budget can inform you which of the best places to live in New Mexico is right for you.
If you’re looking for big action and/or a low cost of living, check out cities like Albuquerque or Rio Rancho. For a different vibe, try Los Alamos or Artesia.
No matter what city you go with, brace yourself. New Mexico is a state unlike any other in the country. Upon entering it you run the risk of getting swept off your feet and having your heart stolen by its incredible beauty.
Buying a Home
Buying a home can be confusing when you are trying to navigate all of the different paths of home ownership. I live and breathe real estate in Albuquerque and have helped many families find their dream homes! I would love to help help your family find the best neighborhood and the perfect home for your needs and budget. In addition, I’ll make sure you find the RIGHT home, you don’t miss out on any homes that meet your goals, and when the time comes to make an offer, I’ll help you negotiate the best price possible for your new home.
Additionally, check out Albuquerque NM homes for sale, Rio Rancho NM homes for sale, Corrales NM homes for sale, NM, East Mountains homes for sale, Valencia County homes for sale and Los Lunas NM homes for sale, or use our easy SEARCH TOOLS to start searching for homes for sale today!
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