Housing costs in Albuquerque?
A typical home costs
$214,700, which is 36.5% less expensive than the national average of
$338,100 and 19.6% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,140 per month, which is 11.8% more than the national average of
$1,020 and close to the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87102), New Mexico, a minimum annual income of
$41,040 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87102 Albuquerque, NM is quite affordable compared to other cities in the US. The average rent for a one-bedroom apartment in Albuquerque is around $700, while the median home price is around $150,000. Groceries are reasonably priced and the cost of transportation is low due to the many public transportation options available throughout the city. Although wages may not be as high compared to other parts of the country, overall it's still a great place to live with an ample amount of recreational activities and attractions that can keep costs low while having fun.