Albuquerque, New Mexico is a vibrant and diverse metropolis situated in the heart of the Southwest. It offers an array of cultural attractions, outdoor activities, shopping, and entertainment options. Residents of Albuquerque are able to enjoy many local attractions such as the Albuquerque Zoo, Old Town Albuquerque, Sandia Peak Tramway, Balloon Fiesta Park, and Petroglyph National Monument. Additionally, there are several renowned companies based in the city including Intel Corporation, Presbyterian Health Services Corporation and Lovelace Respiratory Research Institute. The cost of living in Albuquerque is quite reasonable with average two bedroom rent for 1,140 USD per month compared to 1,430 USD across the US. Grocery cost index is also relatively low at 95 versus 100 in the US. All these features make Albuquerque an attractive destination for both residents and visitors alike.
Albuquerque Metro Area has an unemployment rate of 7.5%. The US average is 6.0%.
Albuquerque Metro Area has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Albuquerque Metro Area
- The Sales Tax Rate for Albuquerque Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque Metro Area is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albuquerque Metro Area
- The average income of a Albuquerque Metro Area resident is $26,144 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque Metro Area resident is $58,335 a year. The US average is $69,021 a year.