87109 Albuquerque, NM is an ideal place to live for people looking for affordable rent and cost of living. The average rent for a two bedroom apartment in 87109 Albuquerque is $1,200, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index here is 98 versus 100 in the US, making it one of the most affordable places to buy groceries. With local companies like Sandia National Laboratories, Lovelace Medical Center and Kirtland Air Force Base providing ample job options and opportunities for growth, 87109 Albuquerque offers high quality of life at an unbeatable price. All in all, this makes 87109 Albuquerque an excellent place to live with a very reasonable cost of living.
Albuquerque (zip 87109) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87109) 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 87109)
- The Sales Tax Rate for Albuquerque (zip 87109) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87109) 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 87109)
- The average income of a Albuquerque (zip 87109) resident is $35,178 a year. The US average is $37,638 a year.
- The Median household income of a Albuquerque (zip 87109) resident is $49,909 a year. The US average is $69,021 a year.