Housing costs in Albuquerque?
A typical home costs
$340,300, which is 0.7% more expensive than the national average of
$338,100 and 27.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,440 per month, which is 41.2% more than the national average of
$1,020 and 20.8% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87114), New Mexico, a minimum annual income of
$65,160 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87114 Albuquerque, NM is generally considered to be quite affordable compared to other areas in the United States. The median home price in this area is around $180,000, which is quite low when compared to some of the major cities across the country. Additionally, rent prices are relatively reasonable with an average of about $1000 per month for a two-bedroom apartment. In terms of utilities, prices are slightly higher due to hot summers and cold winters, but overall remain lower than most larger metropolitan areas. Groceries and other household items tend to be on par with national averages as well. On the whole, 87114 Albuquerque offers excellent value for money when it comes to living expenses.