Albuquerque, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
98
Albuquerque's Overall Cost Of Living
1.0x
Lower Than The National Average
37 out of 44
In New Mexico
2,890 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Albuquerque is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Albuquerque, NM?

According to the most recent data on the cost of living, Albuquerque has an overall cost of living index of 98 which is 1.0x lower than the national index of 100.

Compared to only New Mexico, Albuquerque has a cost of living index that's 1.1x higher than New Mexico's index of 92.

The standard of living in Albuquerque ranks as #2,890 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Albuquerque ranks as the #3,528 most expensive place in the Land of Enchantment.

For more reading on life in Albuquerque, check out:

Albuquerque Cost Of Living Vs. New Mexico

Living Expense Albuquerque New Mexico National Average
Overall 98 92 100
Services 95 92 100
Groceries 98 94 100
Health 95 98 100
Housing 98 87 100
Transportation 87 88 100
Utilities 98 91 100
For more reading on cost of living around New Mexico, check out:
Albuquerque Cost of Living Vs. NM

Albuquerque, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$204,100
Median Home Value
$889
Median Rent
$53,936
Median Income
Statistic Albuquerque New Mexico United States
Median Home Value $204,100 $175,700 $229,800
Median Rent $889 $857 $1,096
Median Income $53,936 $51,243 $64,994
Home Value To Income 3.8x 3.4x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x

Detailed Albuquerque Services Costs Vs. New Mexico

Item Albuquerque New Mexico
Shampoo $1.0 $1.06
Movie $11.05 $10.68
Bowling $14.51 $14.67

Detailed Albuquerque Groceries Costs Vs. New Mexico

Item Albuquerque New Mexico
Ground Beef $4.57 $4.22
Fried Chicken $1.16 $1.39
Milk $2.1 $2.05

Detailed Albuquerque Health Costs Vs. New Mexico

Item Albuquerque New Mexico
Haircut $19.67 $18.62
Beauty Salon $39.81 $39.05
Toothpaste $2.83 $2.34

Detailed Albuquerque Transportation Costs Vs. New Mexico

Item Albuquerque New Mexico
Potatoes $3.62 $3.29
Pizza $9.99 $10.62
Beer $7.96 $9.38
Optometrist $108.12 $108.57
Doctor $106.93 $116.17
Dentist $98.97 $99.13

Detailed Albuquerque Utilities Costs Vs. New Mexico

Item Albuquerque New Mexico
Gasoline $1.85 $2.22
Tire Balancing $49.48 $50.07
All Electricity $155.29 $167.67
Phone $183.94 $175.64

Albuquerque SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
6
Diversity
9.5
Safety
2
Amenities
9.5
Education
8
Commute
8

Cost Of Living In Cities Around Albuquerque

City Population Cost Of Living Vs. Albuquerque
Rio Rancho, NM 97,976 94 1.0x
South Valley, NM 39,150 88 0.9x
North Valley, NM 13,331 96 1.0x
Bernalillo, NM 10,077 85 0.9x
Corrales, NM 8,636 120 1.2x
Los Ranchos de Albuquerque, NM 6,120 108 1.1x

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