Housing costs in Albuquerque?
A typical home costs
$372,800, which is 10.3% more expensive than the national average of
$338,100 and 39.6% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,530 per month, which is 50.0% more than the national average of
$1,020 and 25.5% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87113), New Mexico, a minimum annual income of
$71,280 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87113 Albuquerque, NM is fairly reasonable. The cost of housing is generally below the national average, with median home prices and rent costs below the median for the US as a whole. On top of that, groceries, utilities, and transportation are all fairly affordable, making it one of the more inexpensive places to live in New Mexico. Additionally, taxes are relatively low compared to the rest of the country providing an even greater incentive for those who may be considering making Albuquerque their home.