Housing costs in Albuquerque?
A typical home costs
$316,500, which is 6.4% less expensive than the national average of
$338,100 and 18.5% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,170 per month, which is 14.7% more than the national average of
$1,020 and 2.6% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87106), New Mexico, a minimum annual income of
$60,480 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87106 Albuquerque, NM is relatively affordable compared to other areas around the US. According to recent data from BestPlaces, the cost of living index in 87106 Albuquerque is 93.7 (with 100 being an average score). This means that it is 6.3% cheaper than the US average overall. Housing and transportation costs are especially low compared to the national average, making living here very attractive for both newcomers and longtime residents. In addition, groceries and other necessities like utilities tend to be slightly less expensive than many other areas. Combined with plenty of local attractions, good job opportunities, and affordable housing, 87106 Albuquerque can be a great place to call home.