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 |
Contents
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)
What is the average wage in Albuquerque?
ALBUQUERQUE, N.M. (KRQE) – The most recent estimates from the US Bureau of Labor Statistics (BLS) show that the average hourly wage in Albuquerque was $24.80 as of May 2020. The average annual salary in the city was $51,590.
Is it expensive to live in Albuquerque?
On a list of 75 of the nation’s most populated cities, Albuquerque is considered one of the least expensive places to live.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 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 is a good salary in New Mexico?
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 |
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.
What is the average yearly salary in New Mexico?
$43,764 is the 25th percentile. Salaries below this are outliers. $65,425 is the 75th percentile.
Is New Mexico rich?
In 2017 New Mexico’s gross domestic product was $94.2 billion. In 2017 the per capita personal income was $39,811 (ranked 48th in the nation).
Economy of New Mexico.
| Statistics | |
|---|---|
| GDP | $94.2 billion |
| GDP per capita | $39,811 (based on estimated 2017 population of 2,088,070) |
| Population below poverty line | 17.1% |
| Gini coefficient | 0.453 |
What’s the cost of living in New Mexico?
A cost of living index above 100 means New Mexico, New Mexico is more expensive.
New Mexico cost of living is 88.4.
| COST OF LIVING | New Mexico | United States |
|---|---|---|
| Overall | 88.4 | 100 |
| Grocery | 93.3 | 100 |
| Health | 82.6 | 100 |
| Housing | 83.6 | 100 |
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.
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 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.
Is it worth living in New Mexico?
NEW MEXICO (KRQE) – An analysis of all 50 states has found that New Mexico comes up short. A WalletHub study has compared the states on 52 indicators of livability and has determined that New Mexico ranks 50th as 2021’s best states to live in.
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?
What is upper class salary?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
| Rich | $373,894 and up |
What are the highest paying jobs in New Mexico?
Detailed List Of Highest Paying Jobs In New Mexico
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Owner/operator | $169,619 |
| 2 | Emergency Medicine Specialist | $163,285 |
| 3 | Family Practitioner | $158,209 |
| 4 | Clinical Physician Assistant | $147,158 |
What is New Mexico’s biggest industry?
Tourism, military, and the oil and gas industry are the major industries in New Mexico. They provide most of the jobs and account for a large amount of the government spending in the state.
Why you shouldn’t move to Albuquerque?
Property crime and car theft are risks. Crime is persistent no matter what part of town you live in, from the fancy foothills to the historic downtown.Violent crime, too, is more common in Albuquerque than elsewhere. Sadly, the city is ranked fifth in the nation for violent crime, according to the federal government.
Is Santa Fe or Albuquerque better?
I would not consider Santa Fe a ‘better’ city than Albuquerque… each city has its virtues. Santa Fe is a more beautiful city in the southwestern tradition.Albuquerque is a more affordable option both for residents and travelers (Check out my post on things to do in Historic Old Town Albuquerque).
