The 10 Cheapest Albuquerque, NM Neighborhoods To Live In For 2021


We used science and data to determine which neighborhoods in Albuquerque are the cheapest of the cheap.

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Editor’s Note: We updated this article for 2021. This is our third time ranking the cheapest neighborhoods to live in Albuquerque.
Cheapest Neighborhoods In Albuquerque

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Albuquerque might be more expensive than living in rural New Mexico, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Albuquerque neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Albuquerque are the cheapest.

What's the cheapest neighborhood to live in Albuquerque for 2021? According to the most recent census data, Four Hills Mhp looks to be the cheaptest Albuquerque neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Albuquerque. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Albuquerque that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Albuquerque.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more New Mexico reading, check out:

How We Determined The Cheapest Albuquerque Hoods In 2021

In order to rank the cheapest places to live in Albuquerque, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 198 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Albuquerque." We're lookin' at you, Four Hills Mhp.

Read on below to learn more about what it's like to live in the cheapest places Albuquerque. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

The 10 Cheapest Neighborhoods To Live In Albuquerque For 2021

Overall SnackAbility

5
/10

Population: 1,574
Cost Of Living Index: 76 (2nd cheapest)
Home Value To Income Ratio: 0.8 (2nd cheapest)
Rent To Income Ratio: 0.008 (15th cheapest)
More on Four Hills Mhp: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 3,875
Cost Of Living Index: 82 (8th cheapest)
Home Value To Income Ratio: 1.9 (4th cheapest)
Rent To Income Ratio: 0.012 (36th cheapest)
More on Ladera West: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 3,843
Cost Of Living Index: 89 (36th cheapest)
Home Value To Income Ratio: 2.1 (5th cheapest)
Rent To Income Ratio: 0.011 (25th cheapest)
More on Tijeras Arroyo: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 2,086
Cost Of Living Index: 90 (45th cheapest)
Home Value To Income Ratio: 2.6 (20th cheapest)
Rent To Income Ratio: 0.007 (12th cheapest)
More on Snow Heights: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 1,047
Cost Of Living Index: 90 (45th cheapest)
Home Value To Income Ratio: 2.4 (14th cheapest)
Rent To Income Ratio: 0.012 (30th cheapest)
More on Academy Ridge East: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 3,324
Cost Of Living Index: 81 (6th cheapest)
Home Value To Income Ratio: 1.8 (3rd cheapest)
Rent To Income Ratio: 0.016 (92nd cheapest)
More on Singing Arrow: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 4,372
Cost Of Living Index: 91 (52nd cheapest)
Home Value To Income Ratio: 3.1 (62nd cheapest)
Rent To Income Ratio: 0.003 (3rd cheapest)
More on Alban Hills: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 731
Cost Of Living Index: 90 (45th cheapest)
Home Value To Income Ratio: 2.9 (46th cheapest)
Rent To Income Ratio: 0.012 (29th cheapest)
More on Inez: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 2,541
Cost Of Living Index: 83 (9th cheapest)
Home Value To Income Ratio: 2.8 (38th cheapest)
Rent To Income Ratio: 0.016 (74th cheapest)
More on South Los Altos: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 929
Cost Of Living Index: 89 (36th cheapest)
Home Value To Income Ratio: 3.4 (87th cheapest)
Rent To Income Ratio: 0.007 (8th cheapest)
More on Sombra Del Monte: Homes For Sale | Data

Summing Up The Cheapest Places In Albuquerque

If you're measuring the neighborhoods in Albuquerque where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Albuquerque aren't all cheap. Countrywood takes the title of the most expensive neighborhood to live in Albuquerque.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more New Mexico reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Albuquerque For 2021

Rank Neighborhood Cost Of Living Index
1 Four Hills Mhp 76
2 Ladera West 82
3 Tijeras Arroyo 89
4 Snow Heights 90
5 Academy Ridge East 90
6 Singing Arrow 81
7 Alban Hills 91
8 Inez 90
9 South Los Altos 83
10 Sombra Del Monte 89
11 Elder Homestead 86
12 Heritage Hills 99
13 Mountain View 84
14 Matheson Park 90
15 Ventana Ranch 96
16 John Robert 100
17 Valley Gardens 90
18 Wildflower 80
19 Westgate Hts 88
20 Tuscany 96
21 Alta Monte 72
22 Hodgin 92
23 Indian Moon 94
24 Westgate Vecinos 88
25 Jackson Area 93
26 South Atrisco 87
27 Eisenhower 94
28 Stardust Skies Park 99
29 Jade Park 91
30 Quigley Park 96
31 Parkway 98
32 Volcano Cliffs 98
33 Las Lomitas 101
34 Paloma Del Sol 100
35 Painted Sky 98
36 Summit Park 99
37 Monkbridge Gardens 84
38 Embudo Canyon 108
39 Tierra Oeste 103
40 Mossman 100
41 Trumbull Village 80
42 Route 66 West 89
43 Los Volcanes 78
44 Bel-Air 91
45 South Broadway 86
46 Skyview West 87
47 Taylor Ranch 97
48 Academy Acres North 97
49 Bear Canyon 103
50 Academy Park 104
51 Osuna Park 99
52 Crestview Heights 98
53 Onate 98
54 Academy North 106
55 North Domingo Baca 105
56 Highlands North 94
57 Uptown 92
58 North Eastern 89
59 Academy Hills Park 101
60 Paradise Hills 100
61 Vista Sandia Hoa 89
62 Mckinley 87
63 Alamosa 87
64 Conchas Park 91
65 S Y Jackson 100
66 Parkland Hills 94
67 Greater Gardner 85
68 Glenwood Hills 111
69 North Hills 86
70 Desert Spring Flower 92
71 Victory Hills 91
72 Saragossa 108
73 Seven Bar North 108
74 Clayton Heights-Lomas Del Cielo 89
75 Wells Park 92
76 Villa De Paza 89
77 Vista Montecito 98
78 Vineyard Estates 127
79 Paradise Heights 109
80 Quaker Heights 99
81 Vecinos Del Bosque 89
82 Kirtland Community 85
83 Heritage East 113
84 Holiday Park 103
85 Palomas Park 88
86 Peppertree-Royal Oak 121
87 South Guadalupe Trail 99
88 Kachina Hills 112
89 Candelmen 91
90 Mirabella 100
91 Sr Marmon 100
92 Stronghurst 92
93 Fair West 89
94 Cottonwood Heights 95
95 Zuni 97
96 Supper Rock 101
97 San Antonio 91
98 Glenwood Hills South Casa Grande 110
99 Pat Hurley 92
100 West Mesa 87
101 San Jose 87
102 Avalon 93
103 Four Hills Village 110
104 Cibola Addition 111
105 Del Rey R 92
106 Classic Uptown 101
107 Piedras Marcadas 105
108 Alvarado Park 95
109 Eagle Ranch 106
110 Academy Estates East 102
111 N Campus 101
112 Princess Jeanne 92
113 Skies West 99
114 Eastrange-Piedra Vista 98
115 Vista Del Norte 105
116 Story Rock 105
117 Sandia 105
118 Lee Acres 106
119 Quail Ridge 88
120 Grande Hts 94
121 San Gabriel 102
122 Yale Village 87
123 Richland Hills 112
124 Keystone 103
125 Del Norte 94
126 Towne Park 97
127 Chelwood Vista 88
128 Jerry Cline Park 94
129 Los Poblanos 108
130 Gavilan 108
131 La Luz De Sol 108
132 Near N Valley 94
133 Loma Del Rey 100
134 Mark Twain 98
135 South San Pedro 81
136 Coors Trail 107
137 Vista Grande 111
138 Thomas Village 116
139 N Albuquerque Acres 132
140 La Luz 112
141 West Bluff 98
142 Nor Este 121
143 Alvarado Grdns 117
144 Winrock South 94
145 Altura 107
146 Tanoan East 123
147 West Park 103
148 Crestview Bluff 89
149 Laurelwood 98
150 Sandia Ridge 104
151 Se Heights 103
152 Plaza Vieja 95
153 Northeast Valley 105
154 Barelas 89
155 Downtown 96
156 Silver Hill 86
157 Los Jardines 98
158 Huning Highland Historic District 93
159 Rio Grande Blvd 108
160 Riverview Heights 91
161 Nob Hill 104
162 Fair Heights 98
163 Sawmill 96
164 Montgomery Heights 98
165 Huning Castle 106
166 Stardust Skies North 104
167 Santa Barbara 91
168 Enchanted Park 98
169 Oso Grande 100
170 Spruce Park 110
171 La Mesa 87
172 Alameda N Valley 105
173 Willow Wood 103
174 Martineztown 89
175 Jeanne Bellamah East 94
176 Quintessance 123
177 Vista Magnifica 94
178 Montgomery Park 97
179 North Wyoming 101
180 Eldorado Heights 102
181 Sycamore 101
182 Antelope Run 121
183 Prospectors Ridge 107
184 Big Bend 106
185 West Old Town 96
186 Raynolds 96
187 Los Alamos 95
188 Highland 100
189 University Hts 94
190 Arroyo Del Oso North 113
191 Boyds-Leslie Park 101
192 Netherwood Park 108
193 La Sala Grande 104
194 Broadway Central 99
195 Riverfronte 213
196 Skyview Acres 107
197 Bosque Dell Acres 107
198 Countrywood 114

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.