Albuquerque, NM's zip code 87107 is a great place to live. The two-bedroom rent in the area is $1,000, which is significantly lower than the U.S. average of $1,430. With a grocery cost index of 96 compared to the national average of 100, groceries are affordable in this area as well. Albuquerque is also served by many successful companies like Intel Corporation and Sandia National Laboratories that provide employment opportunities for residents. This bustling city also offers plenty of recreational activities to enjoy such as exploring Old Town Albuquerque or taking a hot air balloon ride over the Rio Grande valley with Rainbow Ryders Balloon Co. With its low housing costs and high quality of life, Albuquerque's 87107 zip code is an excellent place to call home.
Albuquerque (zip 87107) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87107) 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 87107)
- The Sales Tax Rate for Albuquerque (zip 87107) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87107) 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 87107)
- The average income of a Albuquerque (zip 87107) resident is $29,237 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque (zip 87107) resident is $53,888 a year. The US average is $69,021 a year.