Rio Rancho has the 246th largest population in the United States. The population grew by 7.8% from 2010 to 2015, which was faster than the national average. Rio Rancho is part of the Albuquerque metro area. Unemployment in the Albuquerque area is 5%, which is higher than the national average, and is getting better. Albuquerque has the 64th largest local economy in the US, and a average cost of living. The average pay for jobs in Rio Rancho is below average at $44,440, and the median cost of a home in Rio Rancho is $172,400, which is the same as the national average. 28% of workers in Rio Rancho hold a bachelors degree or higher (above average), and 93% of workers have a high school degree (above average). Driving to work is especially common in Rio Rancho. 80% of Rio Rancho workers drive to work alone, 1% take public transit, 9% carpool, and 9% walk. People in Rio Rancho spend an average of 29 minutes commuting to work, which is longer than the national average of 26 minutes.