CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
83 of 100
BACK NEXT
83. Rio Rancho, N.M.
Population: 60,655
Pros: Cheap land, spacious properties
Con: Few urban amenities

Many of Albuquerque's suburbs are still bedroom communities, but Rio Rancho has emerged as a business center in its own right.

"It's the fastest growing city in the area," says Fred Mondragon, cabinet secretary for the New Mexico Economic Development Department. "The cost of doing business is cheaper there than it is in Albuquerque, so businesses are pouring in." Tech companies and call centers are sprouting rapidly in Rio Rancho's expansive business parks. But there's still room to be had - the city sits on over 73 square miles of land.

Fans of warm weather flock to Rio Rancho, which boasts average temperatures of about 70 degrees in the spring and fall, in addition to scenic mountain trails. Nearby Albuquerque and Santa Fe offer a wealth of cultural opportunities. But Rio Rancho has its own attractions, including the city's annual Pork & Brew BBQ State Championship, which draws thousands of spectators each year. -Mina Kimes

Interactive map: Rio Rancho, N.M.
Homes for sale Find homes for sale in Rio Rancho, N.M.


NEXT: 84. Cheyenne, Wyo.

Last updated July 02 2008: 11:16 AM ET
More Galleries
Freebies for the jobless From free dry cleaning to a no-cost vacation, these 5 businesses have come up with creative ways to help out unemployed residents in their communities. More
Ghost among the machines Detroit's derelict Packard Plant is the country's largest abandoned industrial site. One last small company still calls the complex home. More
Jam session So you wanna be a rock-and-roll star? This gear will get you jamming in style. More

Special Offer
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.