Housing costs in Albuquerque?
A typical home costs
$291,900, which is 13.7% less expensive than the national average of
$338,100 and 9.3% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 10.5% more than the state average of
$1,020.
Can I afford Albuquerque?
To live comfortably in Albuquerque New Mex Metro Area, New Mexico, a minimum annual income of
$55,800 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in the Albuquerque, NM Metro Area is relatively low compared to the national average. The median house value in the area is $291,900, which is much lower than the US average house value of $338,100. Additionally, the cost of living index for this region is 91.3 while the US average cost of living index stands at 100. This means that one can enjoy a decent quality of life on a smaller budget compared to other places in the United States.