Albuquerque, NM with its zip code 87110 is an area that has a relatively low cost of living compared to the US in general. The average 2 bedroom rent in this area is $1,240, while the US average is $1,430. Similarly, the Grocery Cost Index in 87110 Albuquerque is 95 compared to 100 in the US. This makes this area appealing to those looking for affordability.
This diverse city has something for everyone and is home to some well-known companies such as Sandia National Laboratories, Kirtland Air Force Base and Intel. Visitors can explore many attractions from shopping at ABQ Uptown or Coronado Center to sightseeing historic Old Town and taking a gondola ride up Sandia Peak Mountain or make their way to the stunning Petroglyph National Monument created by Native Americans centuries ago.
Albuquerque (zip 87110) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87110) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Albuquerque (zip 87110)
- The Sales Tax Rate for Albuquerque (zip 87110) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87110) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albuquerque (zip 87110)
- The average income of a Albuquerque (zip 87110) resident is $28,847 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque (zip 87110) resident is $56,247 a year. The US average is $69,021 a year.