The population of Red River City is 494, which ranks 78th in the state of New Mexico and 13683rd in the country. The city's racial makeup is entirely White, which means that most residents are White. Despite being small, it boasts a thriving local economy. The median home price is $338,300, and the city has experienced a 0.9 percent appreciation in home value over the past decade.
The main industry in Red River is tourism, which draws over 500,000 visitors each year. Visitors to Red River will experience the scenic beauty of the city and the warm, welcoming attitude of the local residents. Red River is also known for its abundance of winter activities, such as skiing and snowboarding. The city's average yearly snowfall is 200 inches, making it a winter sports lover's paradise.
The town's population is made up of 234 households. Twenty-one percent of households are under 18 years old, while thirty-one percent are between 25 and 44. Thirty-two percent of households are non-families. The rest are made up of individuals. And finally, 6.8% of households are composed of senior citizens. The median age was 45 years old, with males outnumbering females by 97.6 to one (ages 18+).
In the 1950s, agriculture dominated the local economy. In 1982, the local economy had a total payroll of $12.6 million. Manufacturing was becoming more important, and by 1982, Red River County had twenty-four manufacturing businesses. This meant a higher number of jobs for the people. However, the economic climate in the area was difficult, as nearly 20 percent of families lived below the poverty line in 1979.