Housing costs in Albuquerque?
A typical home costs
$301,500, which is 10.8% less expensive than the national average of
$338,100 and 12.9% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,410 per month, which is 38.2% more than the national average of
$1,020 and 19.1% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87120), New Mexico, a minimum annual income of
$57,600 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87120 Albuquerque, NM is relatively low compared to other areas of the United States. Factors such as housing, transportation, and groceries all play a role in determining the cost of living in any given area. In Albuquerque, housing costs are an average of 8% lower than the national average. Transportation costs are also slightly lower than the national average at 4%. When it comes to groceries, prices in Albuquerque are generally firmly on par with the national average. Despite some fluctuations, overall the cost of living in 87120 Albuquerque remains quite low - making it an attractive option for many people looking to make a move.