Rio Rancho is located Northwest of Albuquerque and is the third largest city in New Mexico. Known for its astounding growth, Rio Rancho offers a great quality of life. Not only is the weather an attraction, with warm days and cool evenings, so is the cost of living. With an abundance of land and low pricing, many find they can build their dream home without breaking their budget. Rio Rancho also is the home to some major corporations including Gateway 2000, Intel, Sprint and many more.