Albuquerque cost of living is 91.1
| COST OF LIVING | Albuquerque | New Mexico |
|---|---|---|
| Health | 81.1 | 82.6 |
| Housing | 88 | 83.6 |
| Median Home Cost | $257,400 | $246,000 |
| Utilities | 97.2 | 100.4 |
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Is Albuquerque expensive to live in?
On a list of 75 of the nation’s most populated cities, Albuquerque is considered one of the least expensive places to live.Albuquerque came in at No. 67 on the list of most expensive cities, with average monthly expenses of $1,500. Albuquerque was the only New Mexico city that made Move.
What salary do you need to live in Albuquerque?
50 percent for necessities: $21,222. 30 percent for discretionary spending: $12,734. 20 percent for savings: $8,489. Income needed to live comfortably: $42,445 (down $1,450 from 2016)
How affordable is Albuquerque?
ALBUQUERQUE, N.M. (KRQE)- Albuquerque is being recognized as one of the most affordable places in the county. Move.org came out with a list of the top 75 cities when it comes to the average monthly cost of living. The Duke City ranked 9th overall at just over $1,500.
What is a good salary in Albuquerque?
Average Salary in Albuquerque, NM
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $80,876 | $6,739 |
| 75th Percentile | $66,498 | $5,541 |
| Average | $64,351 | $5,362 |
| 25th Percentile | $44,481 | $3,706 |
Is it cheaper to live in New Mexico or Texas?
Cost of Living
New Mexico and Texas are both affordable places to live compared to the national average. However, cost of living is 5% higher in Texas, where larger cities and more expensive houses contribute to higher prices in almost every category.
Is it cheaper to live in New Mexico or Arizona?
What many retirees are finding is better deals, say experts: The median home in New Mexico costs just $151,900 and the cost of living is 3.1% lower than the national average. That makes much of the state far less expensive than Arizona’s most famous retirement havens.
Is it cheaper to live in Albuquerque or Santa Fe?
Santa Fe is 26.7% more expensive than Albuquerque. Santa Fe housing costs are 86.9% more expensive than Albuquerque housing costs. Health related expenses are 1.2% more in Santa Fe.
Why is Albuquerque so cheap?
Affordable Housing & Low Cost of Living
Not to mention that, along with low property taxes, state income tax is 24% lower than the national average, making Albuquerque an affordable place to live, work, and settle down for retirement.
Is New Mexico expensive to live?
Low Cost of Living
New Mexico is renowned for its low cost of living, about 3.1% lower than the national average. The average home in New Mexico costs roughly $151,000.
What is a livable salary in New Mexico?
Living Wage Calculation for Bernalillo County, New Mexico
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $13.87 | $19.78 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $9.00 | $9.00 |
How much money do you need to live comfortably in New Mexico?
The income needed to live comfortably in New Mexico is $42,445. 50% of this is for necessities, 30% is for discretionary spending, and 20% is for savings. According to Living Wage, a single person with no children can live off of $13.97 per hour in Mexico, or $26,880 a year.
What’s wrong with Albuquerque?
Albuquerque also struggles with one of the highest violent crime rates in the country. There were 1,117 violent crimes reported in 2016 per 100,000 city residents, the most of any major city in New Mexico and nearly three times the national rate of 386 incidents per 100,000 Americans.
Is Albuquerque safe?
If you only look at the statistics, Albuquerque is not a safe place to visit. It is consistently ranked on lists of most dangerous cities in the United States. In 2020 it was ranked #9 of most dangerous cities, only coming ahead of cities like Stockton, Memphis and St. Louis and Detroit.
How much are utilities in Albuquerque?
Cost of Utilities in Albuquerque
The basic utilities per month in Albuquerque cost about $140 altogether. This includes electricity, heating, cooling, water, and garbage. This is an average number, which can fluctuate based on the size of the apartment or the house, and the use of the utilities themselves.
Is Albuquerque a good place to live?
U.S. News and World Report put Albuquerque 120th on the list. It’s also the only New Mexico city on the list. The publication noted Albuquerque’s rich culture, access to art galleries and it’s unique culinary and brewery scene. It also says the cost of living in New Mexico is slightly below the national average.
Is moving to New Mexico a good idea?
People love living there for the low unemployment rate, reasonable cost of living, and stunning views. You can find an entire list of the best towns in NM to live in here. What are the most unique things to do in New Mexico?
Does it snow in Albuquerque New Mexico?
The US average is 28 inches of snow per year.
Climate Averages.
| Albuquerque, New Mexico | United States | |
|---|---|---|
| Snowfall | 10.6 in. | 27.8 in. |
| Precipitation | 57.4 days | 106.2 days |
| Sunny | 280 days | 205 days |
| Avg. July High | 91.8° | 85.8° |
What to know about living in New Mexico?
15 Things to Know Before Moving to New Mexico
- New Mexico is rich in history.
- The New Mexico culture is laid back.
- New Mexico’s landscape has inspired some great art.
- Adobe is everywhere.
- Hippies love New Mexico.
- You can check out the view from a hot air balloon.
- New Mexico is a purple state.
Where in New Mexico should you not live?
Here Are The 10 Most Dangerous Towns In New Mexico To Live In
- Roswell (population 48,623) Flickr/Clinton Steeds.
- Hobbs (population 34,543) Flickr/Chuck Coker.
- Albuquerque (population 553,684)
- Silver City (10,285)
- Socorro (population 9069)
- Taos (population 5722)
- Farmington (population 45,328)
- Artesia (population 11,389)
What are the pros and cons of living in New Mexico?
Then consider these pros and cons of living in New Mexico before you do:
- Rich in culture.
- Good food and wine.
- Plenty of recreational options.
- An abundance of natural beauty.
- Low cost of living.
- Lackluster economy and job opportunities.
- Poor quality K-12 education system.
- Bad roads.
