Housing costs in Albuquerque?
A typical home costs
$283,500, which is 16.1% less expensive than the national average of
$338,100 and 6.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,110 per month, which is 8.8% more than the national average of
$1,020 and 2.7% cheaper than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87112), New Mexico, a minimum annual income of
$54,360 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87112 Albuquerque, NM is relatively low compared to other cities. According to BestPlaces’s 2020 data, the cost of living index for the city is 5% below the national average. Groceries, restaurant meals, and transportation are all comparatively inexpensive. Housing is also quite moderately priced, with the average rent for a 3-bedroom apartment being $1,076 per month. Overall, 87112 Albuquerque offers an affordable cost of living without sacrificing access to amenities and attractions that larger cities have to offer.