Housing costs in Albuquerque?
A typical home costs
$280,700, which is 17.0% less expensive than the national average of
$338,100 and 5.1% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,240 per month, which is 21.6% more than the national average of
$1,020 and 8.1% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87110), New Mexico, a minimum annual income of
$53,640 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87110 Albuquerque, NM is average compared to other cities in the United States. The median household income is $55,872 and the median home value is $196,400. Although housing costs are slightly higher than the national average, they are offset by relatively low costs in other areas, such as groceries and healthcare. The overall cost of living index score for the zip code is 97.9 compared to the U.S. average of 100. This means that many essential goods and services are more affordable than they would be elsewhere, making it an attractive place to live for people on a budget or looking for a lower cost of living.