Data from the 2020 census has been released indicating Corrales’ population remains well shy of 10,000. If the tally is to be believed, this village has grown by less than 500 people since the 2010 census. Corrales’ population was 8,329 a decade ago, up from 7,334 in the year 2000. The count last year puts us at 8,778, said to represent a 5.39 percent increase over 2010.
The official U.S. Census recognizes Corrales as New Mexico’s 24th largest town. It remains a wealthy town, even by national standards. The median annual household income here is $85,580, substantially higher than the median household income across the entire United States, which stands at $65,712. While the median household income is reported to be $85,580, the average household income here is even more impressive at $120,363. The median is found by establishing the income level at which half of the population is below that, and half above. The census places the poverty rate in Corrales at 4.95 percent of the population.
Another measure of economic prosperity is the per capita income, which was reported at $52,315. That is one and a half times greater than per capita income for the entire metropolitan area and twice that for the state.
The recently released 2020 census data indicates that 61.4 percent of Corrales residents has a college degree (a bachelor’s or higher) which is nearly double that for metro area. The median age is 55, meaning, again, that half the population is below that age and half are older than 55. Statewide, the median age was pegged at 34.6 years.
The median home value here is $447,600, revealing that half the homes are valued at more than that and half less. For many years, Village officials have assumed Corrales’ population had surpassed 10,000 or soon would. That is a benchmark with legal implications.