Corrales, New Mexico Demographics & Population 2026
During the 2020–2024 ACS period, Corrales, New Mexico had a total population of 8,555, the 28th largest village in New Mexico, with a median household income of $102,307, which is 60% higher than the state average. The poverty rate is 7.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 60% above the state average — one of the wealthiest communities in New Mexico.
Corrales Quick Facts
How Corrales Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 8,557 | 8,555 | -0.0% |
| Median household income | $114,207 | $102,307 | -10.4% |
| Median home value | $549,700 | $571,500 | +4.0% |
How Corrales Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 63 | National average: 61
Education
Educational Attainment (Adults 25+)
Corrales Rankings in New Mexico
Explore New Mexico Rankings
Other Cities in Sandoval County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Bernalillo | 9,086 | $63,880 | 15.9% | $255,500 |
| Placitas (Sandoval County) | 4,223 | $109,750 | 3.2% | $562,100 |
| Santo Domingo Pueblo | 2,370 | $57,375 | 23.1% | $156,400 |
| Jemez Pueblo | 2,199 | $55,551 | 31.4% | $169,000 |
| Rio Rancho Estates | 1,571 | $91,635 | 19.6% | $153,500 |
| Algodones | 1,479 | $67,994 | 18.1% | $234,800 |
| San Felipe Pueblo | 1,119 | N/A | 27.5% | $210,100 |
| Santa Ana Pueblo | 1,026 | $86,250 | 5.5% | $150,000 |
| Zia Pueblo | 770 | $56,518 | 5.8% | $163,600 |
| Cochiti | 680 | $85,548 | 5.8% | $250,000 |
Cities Similar to Corrales
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bernalillo | 9,086 | $63,880 | $255,500 | 22.5% | 15.9% |
| Edgewood | 6,124 | $84,761 | $306,400 | 35.0% | 8.3% |
| Grants | 8,951 | $47,183 | $136,500 | 19.3% | 34.1% |
| Ruidoso | 7,699 | $52,736 | $243,800 | 35.4% | 20.6% |
| Eldorado at Santa Fe | 5,619 | $106,633 | $591,900 | 68.0% | 8.4% |
Population Overview
Corrales is a small city located in New Mexico, within Sandoval County. The total population is 8,555. It ranks as the 28th most populous out of 495 Census-designated places in New Mexico.
Age Demographics
The median age in Corrales is 57.8 years. This is 47% higher than the state median of 39.4 years. 16.6% 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 is $102,307. This is 60% higher than the state median of $64,059. It is also 27% higher than the national median of $80,734. The poverty rate stands at 7.0%. This is 61% lower than the state poverty rate of 17.8%. The unemployment rate is 6.3%. This is 5% higher than the state rate of 6.0%. The median home value is $571,500. Housing costs are 130% higher than the state median of $248,100. The home-value-to-income ratio is 5.6x. 91.2% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 70.0%.
Race & Ethnicity
The largest racial or ethnic group in Corrales is White (non-Hispanic), making up 63.9% of the population. Hispanic or Latino residents account for 29.3%. The White (non-Hispanic) population is significantly higher than the state average (63.9% vs 36.0%).
Education
51.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 66% higher than the state rate of 31.0%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.6%. Notably, 24.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Corrales, New Mexico is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Mexico state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 495 Census-designated places in New Mexico. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Corrales, New Mexico?
Corrales, New Mexico has a population of 8,555 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Corrales, NM?
The median household income in Corrales is $102,307, which is 27% higher than the national median of $80,734.
What is the poverty rate in Corrales, NM?
The poverty rate in Corrales is 7.0%. This means approximately 601 residents live below the federal poverty line.
What is the racial makeup of Corrales, New Mexico?
Corrales's population is 63.9% White, 0.9% Black, 29.3% Hispanic/Latino, and 0.8% Asian.
What is the median home value in Corrales, NM?
The median home value in Corrales is $571,500. The home-value-to-income ratio is 5.6x.
How educated is Corrales, New Mexico?
51.4% of adults (25+) in Corrales hold a bachelor's degree or higher, and 24.9% hold a graduate or professional degree.