Median Income
$94,966
household / year
Median Home Value
$488,300
owner-occupied
Median Rent
$1,201
gross / month
Cost of Living
93
national avg = 100

Is Corrales, NM a Good Place to Live?

Corrales is a small town of 8,495 in New Mexico, with a median household income of $94,966 and a 4.6% unemployment rate. Its cost of living index is 93 (US average = 100), which is 7% below the national average.

Strengths: Corrales stands out for an affordable cost of living, lower-than-average crime, solid school ratings (A-), a well-educated population.

Trade-offs: Potential downsides include high home prices. Whether Corrales is right for you depends on your priorities — the full breakdown is below.

All Corrales city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 93.0

Corrales's overall cost of living index is 93.0, where 100 represents the US national average. Living in Corrales costs roughly 7% less than the average American city.

Metric Corrales, NM National Avg
Median Home Value $488,300 $244,900
Median Monthly Rent $1,201 $1,163
Homeownership Rate 89.4% 65.9%
Median Household Income $94,966 $74,755

Crime & Safety

Very Safe

Corrales's violent crime rate is 231.1 per 100,000 residents — 39% lower than the national average of ~380 per 100,000.

Violent Crime
231.1 /100k
Property Crime
392.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Corrales is served primarily by ALBUQUERQUE. The student-to-teacher ratio is 12.1:1 (better than the national average of ~16:1).

Metric Corrales, NM National Avg
School District ALBUQUERQUE —
Elementary Schools 99 —
Middle Schools 29 —
High Schools 38 —
Student/Teacher Ratio 12.1:1 16:1
Bachelor's Degree or Higher 51.0% 35.4%
High School Diploma or Higher 94.3% 91.1%

Weather & Climate

Corrales sees average highs of 49.9°F in January and 95.5°F in July, with 9.5 inches of annual precipitation and 7.7 inches of snow per year.

MetricCorrales, NM
Average High — January49.9°F
Average High — July95.5°F
Annual Precipitation9.5"
Annual Snowfall7.7"

Demographics

MetricCorrales, NMNational Avg
Population8,495—
Median Age56.538.9
Unemployment Rate4.6%3.7%
Avg Commute Time28.5 min26 min
White (non-Hispanic)75.9%59.3%
Black or African American2.2%13.6%
Hispanic or Latino14.4%18.9%
Asian1.2%6.3%
Under 1813.4%22.2%
65 and over36.2%16.8%

Nearby Cities

ZIP Codes in Corrales

Corrales, NM is covered by 1 ZIP code:

Corrales vs Other Cities

Frequently Asked Questions

Corrales's cost of living index is 93, where 100 is the national average. That makes Corrales roughly 7% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $488,300 and median rent is $1,201/month.
Corrales's violent crime rate is 231.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 392.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Corrales are operated by ALBUQUERQUE. The district has 99 elementary, 29 middle, and 38 high schools. The student-to-teacher ratio is 12.1:1. 51.0% of adults 25+ hold a bachelor's degree or higher.
Corrales, NM has a population of 8,495, a median household income of $94,966, and an unemployment rate of 4.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Corrales averages 49.9°F in January and 95.5°F in July. Annual rainfall is 9.5 inches with about 7.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Corrales, NM is covered by 1 ZIP code: 87048.
The population of Corrales, New Mexico is 8,495 with a median age of 56.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Corrales: cost of living index 93 (100 = US average), median home $488,300, median household income $94,966, crime index 44 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Corrales side by side with your current city to see the trade-offs.