Housing costs in Albuquerque?
A typical home costs
$236,500, which is 30.1% less expensive than the national average of
$338,100 and 11.5% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,190 per month, which is 16.7% more than the national average of
$1,020 and 4.2% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87121), New Mexico, a minimum annual income of
$45,360 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Albuquerque?
equestId:891fc344-c553-473d-97ca-1a07cdc3e77b,resource:content,data:[{id:txt_4386621a37514f5a996cb8e8fd41ffa9,text:\n \nThe cost of living in 87121 Albuquerque, NM is fairly reasonable compared to the national average. According to BestPlaces, the overall cost of living index in 87121 Albuquerque, NM is 91.91 which is slightly lower than the United States average of 100. This means that groceries, transportation and health care tend to be less expensive than other areas in the country. Rent for an unfurnished one-bedroom apartment can range from $680 - $1200 monthly depending on the area and additional amenities. Additionally, utilities such as electricity, gas, and water run about $150 per month. Despite the high taxes in New Mexico, 87121 Albuquerque offers an affordable way to live for individuals or families who prefer a more laid-back lifestyle in a desert climate.