Corrales village, New Mexico Demographics & Population 2026

Population Overview

Corrales village is a small city located in New Mexico. The total population is 8,557. It ranks as the 28th most populous out of 492 cities and towns in New Mexico.

Age Demographics

The median age in Corrales village is 55.8 years. This is 42% higher than the state median of 39.2 years. 17.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Corrales village is $114,207. This is 84% higher than the state median of $62,125. Compared to the national median of $78,538, household income here is 45% higher. The poverty rate stands at 7.0%. This is 62% lower than the state poverty rate of 18.1%. The unemployment rate is 6.3%. This is 6% higher than the state rate of 6.0%. The median home value is $549,700. Housing costs are 137% higher than the state median of $232,200. The home-value-to-income ratio is 4.8x. 91.3% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 69.3%.

Race & Ethnicity

The largest racial or ethnic group in Corrales village is White (non-Hispanic), making up 65.5% of the population. Hispanic or Latino residents account for 27.5%. The White (non-Hispanic) population is significantly higher than the state average (65.5% vs 36.5%).

Education

52.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 73% higher than the state rate of 30.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.4%. Notably, 26.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Corrales village, New Mexico is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Mexico state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 492 Census-designated places in New Mexico. For official data, visit data.census.gov.