Albuquerque, New Mexico zip code 87106 offers an affordable rental option for those looking for a two-bedroom apartment, with the cost of $1,170 compared to the US average of $1,430. The Grocery Cost Index in Albuquerque is also lower than the national average with 98 versus 100. This makes the city a great place to live due to its affordability and varied options when it comes to grocery shopping.
When it comes to local businesses, Albuquerque has no shortage of options. Popular establishments in the area include Frontier Restaurant for classic American cuisine, Scalo Northern Italian Grill for delicious Italian food, Southwest Diner for traditional southwestern dishes and La Crepe Michel for their award-winning crepes. With so many restaurants to choose from there is sure to be something for everyone's taste!
In addition to its affordability and wide variety of restaurants, Albuquerque offers plenty of outdoor activities such as hiking trails at Sandia Peak or camping in Petroglyph National Monument. The city also features cultural events like the International Balloon Fiesta or the Native American Pow Wow that takes place every summer. All these reasons make Albuquerque a great place to live!.
Albuquerque (zip 87106) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87106) has seen the job market decrease by -5.1% 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 87106)
- The Sales Tax Rate for Albuquerque (zip 87106) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87106) 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 87106)
- The average income of a Albuquerque (zip 87106) resident is $32,801 a year. The US average is $37,638 a year.
- The Median household income of a Albuquerque (zip 87106) resident is $46,391 a year. The US average is $69,021 a year.