Housing costs in Albuquerque?
A typical home costs
$294,800, which is 12.8% less expensive than the national average of
$338,100 and 10.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$980 per month, which is 3.9% cheaper than the national average of
$1,020 and 16.3% cheaper than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87123), New Mexico, a minimum annual income of
$56,520 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87123 Albuquerque, NM is relatively affordable compared to other cities in the United States. The local housing market is quite diverse, with homes ranging from luxurious apartments to more modest properties. Additionally, the area has a variety of shopping and dining options, making it an attractive place for residents looking for more value for their money. The cost of groceries and transportation is also less expensive than many other parts of the country. All these factors make 87123 Albuquerque an appealing choice for those looking for an affordable place to live.