Cost of Living in Albuquerque, NM
| Cost of Living in Albuquerque, NM | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 5% lower | 12% lower |
| Utilities (Monthly) | 3% higher | 8% lower |
| Food | 1% higher | 2% lower |
| Healthcare | 8% lower | 9% lower |
| Transportation | 7% lower | 8% lower |
| Goods & Services | 1% lower | 5% lower |
The cost of living in Albuquerque, NM is 2% lower than the state average and 7% lower than the national average. Albuquerque, NM housing is 12% cheaper than the U.S average, while utilities are about 8% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 5% less in Albuquerque, NM than in the rest of the country, while clothing costs around 5% less .
Healthcare services such as doctor check-ups and dentistry cost 9% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 5% cheaper in Albuquerque, NM.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Albuquerque is $1,281, while home prices circle around $383,227.
- 1-3 Beds
- 1-3 Baths
- 741 - 1,532 Sqft
Broadstone Towne Center
1801 Gibson Blvd SE, Albuquerque, NM 87106
- 1-3 Beds
- 1-2 Baths
- 749 - 1,260 Sqft
Altezza High Desert
6000 NE Cortaderia Street, Albuquerque, NM 87111
- 1-3 Beds
- 1-2 Baths
- 880 - 1,310 Sqft
Arterra
8300 Wyoming Boulevard NE, Albuquerque, NM 87113
- 1-2 Beds
- 1-2 Baths
- 375 - 999 Sqft
Acacia Gardens
8401 Spain Road NE, Albuquerque, NM 87111.jpg?width=350&quality=80)
- 1-3 Beds
- 1-2 Baths
1036 Madeira Drive Southeast
1036 Madeira Drive Southeast, Albuquerque, NM 87108
- 1-2 Beds
- 1-2 Baths
- 650 - 950 Sqft
The Grove At Tramway
12050 Candelaria Road NE, Albuquerque, NM 87112.jpeg?width=350&quality=80)
- 1-3 Beds
- 1-2 Baths
- 750 - 1,300 Sqft
Casa Tierra
4949 San Pedro Drive NE, Albuquerque, NM 87109.png?width=350&quality=80)
- 1-3 Beds
- 1-2 Baths
- 740 - 1,320 Sqft
Eagle Ranch Apartments
9270 Eagle Ranch Road NW, Albuquerque, NM 87114.jpg?width=350&quality=80)
- Studio-2 Beds
- 1 Bath
- 420 - 727 Sqft
Comanche Wells
3400 Comanche Road NE, Albuquerque, NM 87107
- 1-3 Beds
- 1-2.5 Baths
- 781 - 1,610 Sqft
Cantata At The Trails
6700 Cantata Street NW, Albuquerque, NM 87114Utilities (Monthly)
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Albuquerque, energy bills cost around $150.93 per month.
Food
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.29 in Albuquerque, a dozen eggs go for around $2.30 and a pound of potatoes circles around $3.24.
Healthcare
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Albuquerque, an optometry check-up costs around $123.65, while a dentist appointment is priced $105.38 on average.
Transportation
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.81 in Albuquerque, while getting your tires balanced will run you about $46.05.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $29.72 here. Meanwhile, a pair of women's slacks will set you back around $25.59.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Albuquerque, you should budget around $11.37 a month. When it comes to personal services, a haircut usually goes for $30.61, while dry cleaning costs about $10.44.
Income
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Albuquerque, the median household income is $56,366.