Corrales is a somewhat small village located in the state of New Mexico. With a population of 8,586 people and two constituent neighborhoods, Corrales is the 26th largest community in New Mexico.
Corrales home prices are not only among the most expensive in New Mexico, but Corrales real estate also consistently ranks among the most expensive in America.
Corrales is a decidedly white-collar village, with fully 91.31% of the workforce employed in white-collar jobs, well above the national average. Overall, Corrales is a village of professionals, managers, and sales and office workers. There are especially a lot of people living in Corrales who work in management occupations (16.44%), sales jobs (12.97%), and healthcare (12.16%).
Also of interest is that Corrales has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.33% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
If knowledge is power, Corrales is a pretty powerful place. 54.48% of the adults in Corrales have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Corrales in 2010 was $42,197, which is wealthy relative to New Mexico and the nation. This equates to an annual income of $168,788 for a family of four. However, Corrales contains both very wealthy and poor people as well.
Corrales is an extremely ethnically-diverse village. The people who call Corrales home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Corrales residents report their race to be White, followed by Asian. Corrales also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.95% of the village’s residents. Important ancestries of people in Corrales include English, Irish, Italian, and French .
The most common language spoken in Corrales is English. Other important languages spoken here include Spanish and German.