Albuquerque, New Mexico (87121) is a great place to live for anyone looking to save money on rent and groceries. The average two-bedroom rent in the city is $1,190 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Albuquerque is 94 versus the US average of 100. Some popular businesses located in Albuquerque are Anderson Abruzzo International Balloon Museum, ABQ BioPark Zoo, Sandia Peak Tramway, and National Hispanic Cultural Center. The city also has several local restaurants including El Patio Restaurant, Los Cuates New Mexican Food and Ice Cream Parlor, and Casa de Benavidez Restaurant.
Albuquerque (zip 87121) has an unemployment rate of 7.4%. The US average is 6.0%.
Albuquerque (zip 87121) 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 87121)
- The Sales Tax Rate for Albuquerque (zip 87121) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Albuquerque (zip 87121) 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 87121)
- The average income of a Albuquerque (zip 87121) resident is $15,710 a year. The US average is $28,555 a year.
- The Median household income of a Albuquerque (zip 87121) resident is $47,980 a year. The US average is $69,021 a year.