Housing costs in Albuquerque?
A typical home costs
$359,700, which is 6.4% more expensive than the national average of
$338,100 and 34.7% 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 87111), New Mexico, a minimum annual income of
$68,760 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87111 Albuquerque, NM is relatively affordable compared to the national average. The median home price is $192,500 and monthly rent averages around $900 for a one-bedroom apartment. Utilities are also quite reasonable, with the average electricity bill coming in under $100 per month. Groceries and other goods tend to be slightly higher than the national average, but overall Albuquerque remains an affordable place to live.