Albuquerque

Albuquerque, New Mexico is a mid-size city with a population of approximately 560,274. The overall cost of living index sits at 99, which is near the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 1% less expensive compared to the typical U.S. city.

Housing is the largest cost driver in Albuquerque. Median rent is $1,457 per month, while the median home price is $338,329. At a median household income of $65,604, rent consumes roughly 27% of gross income, which remains manageable relative to local incomes. The housing sub-index of 97 sits close to the national norm.

Beyond housing, healthcare is the most elevated non-shelter expense in Albuquerque with a sub-index of 102, while utilities is comparatively more affordable at 91. State-level taxes also shape the true cost of living: New Mexico applies a 5.90% income tax rate, and property tax averages 0.67% of assessed home value. The combined sales tax rate is 7.59%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in Albuquerque has trended downward. Among the 3 tracked cities in New Mexico, Albuquerque ranks #2 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in Albuquerque actually costs.