Cost of Living in Albuquerque, NM

Key Statistics

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Living in Albuquerque, NM — 2026 Cost of Living Guide

Albuquerque is moderately affordable compared to the national average, with an overall cost of living index of 87. This means living in Albuquerque is approximately 13% less expensive than the national average.

Housing Costs in Albuquerque

Housing costs are roughly in line with the national average. The housing index for Albuquerque is 82, which means housing costs are 18% below the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in Albuquerque is $52,911, with a population of approximately 564,559. The median household income is below the national average, which can make the cost of living feel more impactful for many residents.

The job market in Albuquerque is more limited compared to larger metropolitan areas, though opportunities exist in local industries and government sectors.

Daily Living Expenses

Beyond housing, daily expenses in Albuquerque are near the national average. Groceries and dining carry an index of 96, while transportation costs sit at 95. Healthcare expenses index at 92, and utilities come in at 92.

Taxes

Taxes in Albuquerque are roughly average, with a tax index of 88.

Quality of Life

The climate in Albuquerque is one of its strongest selling points, with mild temperatures and plenty of sunshine throughout the year.

Like many major cities, Albuquerque faces some safety challenges, though many neighborhoods remain safe and vibrant communities.

Is Albuquerque a Good Place to Live?

Albuquerque offers strong value for those looking to stretch their dollar further without sacrificing too much in terms of amenities and opportunities. With a fair job market and excellent weather, Albuquerque continues to attract new residents drawn by the favorable cost of living.

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