Housing costs in Albuquerque?
A typical home costs
$303,600, which is 10.2% less expensive than the national average of
$338,100 and 13.7% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,000 per month, which is 2.0% cheaper than the national average of
$1,020 and 14.0% cheaper than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87107), New Mexico, a minimum annual income of
$58,320 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87107 Albuquerque, NM is generally considered to be quite reasonable compared to other areas of the country. The median home price in this zip code is $192,200 which is lower than many other parts of the U.S. Average rent for a two-bedroom apartment is estimated at $950 per month, while utilities for a 915-square foot home average around $124 per month. In terms of groceries and dining out, prices are slightly higher than the national average; however, they are still considered to be affordable. With an unemployment rate slightly below the national average, 87107 Albuquerque provides many opportunities for employment and overall has a reasonably priced cost of living.