Is Corrales, New Mexico a Good Place To Live? - Living In Corrales, NM

Is Corrales, New Mexico a good place to live?
Corrales is a city in New Mexico state in USA with a population of 8636 residents.. The poverty rate of Corrales is 4.9%, which is 65% lower than national average. The typical household in Corrales earns $84398 a year, compared to the national median of $67,500. Nearly 27.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Corrales, only 98% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Corrales remained 3.1%, which is 34% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Corrales, only 56% of adults have a bachelor's degree and 29% have some college but no degree.

Cost of living in Corrales is 120, which is 20% higher than national average. Median home value in Corrales is $437500 , which is 90% higher than national average. While median income in Corrales remained $84398, which is 25% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
8636
Unemployment
3.1%
34% NAT AVG.
Poverty
4.9%
65% NAT AVG.
Overall Score
7
Median Home Cost
$437500
90% NAT AVG.
Median Income
$84398
25% NAT AVG.
Median Rent
$1146
1% NAT AVG.
Cost Of Living
120
20% NAT AVG.
People Living BPL
1 in 20
Unemployed People
1 in 32
People Earning < $10,000
1 in 28
People Earning < $50,000
27.2%
People with <= High School
1 in 6.7
People With Any Degree
1 in 1.6
Pros & Cons Overview

Jobs85%

Housing85%

Affordability60%

Safety70%

Amenities70%

Diversity85%

Education95%

Commute70%