Albuquerque, New Mexico (zip code 87112) is a mid-sized city with plenty of attractions and activities to choose from. It has an estimated population of 559,277 people as of 2019. The 2 bedroom rent in the area is $1,110 which is lower than the US average of $1,430. Additionally, Albuquerque boasts affordable grocery costs, with an index reading of 95 versus 100 in the US.
The city offers something for everyone - there are plenty of outdoor activities to enjoy such as hiking trails and skiing at Sandia Peak Ski Area or hot air balloon rides over the Rio Grande Valley. For those looking for an urban experience, downtown Albuquerque offers a variety of restaurants and nightlife options as well as a vibrant arts scene. Local companies include United Companies Financial Corporation, APS Solar Inc., and Steel Reinforced Concrete Co. All in all, Albuquerque provides its residents with many opportunities for work, leisure activities, education and entertainment making it a great place to live!
Albuquerque (zip 87112) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87112) 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 87112)
- The Sales Tax Rate for Albuquerque (zip 87112) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87112) 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 87112)
- The average income of a Albuquerque (zip 87112) resident is $27,142 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque (zip 87112) resident is $58,791 a year. The US average is $69,021 a year.