Housing costs in Albuquerque?
A typical home costs
$246,600, which is 27.1% less expensive than the national average of
$338,100 and 7.7% less 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 87108), New Mexico, a minimum annual income of
$47,160 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in Albuquerque, NM 87108 is relatively low compared to other cities. The average home price in the zip code is $204,000, which is well below the national median of $231,200. The affordability of housing has led many people to move into the area. Additionally, the overall cost of groceries and other daily necessities are lower than most places in New Mexico and the rest of the nation. This makes it easier for residents to maintain an affordable lifestyle while having access to all that Albuquerque has to offer.