Cost of Living in Albuquerque, NM
Albuquerque has a cost of living index of 92 (100 = national average), making it more affordable than the national average. The median household income is $53,936 and the median home price is $310,000.
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Albuquerque at a Glance
Population
564,559
Cost of Living Index
92
Median Income
$53,936
Median Home Price
$310,000
Property Tax Rate
0.91%
Sales Tax Rate
7.70%
Rent Index
85
State
New Mexico
Living in Albuquerque
Albuquerque offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $310,000 is well within reach for many families.
The combined sales tax rate in Albuquerque is 7.70%, and the effective property tax rate is 0.91%. Property taxes are close to the national average.