Cost of Living in Albuquerque, NM
2024 data from the Bureau of Economic Analysis
Cost Index
95.5
4.5% below avg
Housing Index
89.2
Median Income
$63,971
Median Rent
$1,035/mo
Cost Breakdown
Overall95.5 (-4.5%)
Housing89.2 (-10.8%)
Goods96.1 (-3.9%)
Utilities77.9 (-22.1%)
Other Services98.5 (-1.5%)
National average = 100
Income & Housing
Median Household Income
$63,971/year
Median Home Value
$242,600
Median Monthly Rent
$1,035/mo
Per Capita Income
$36,043/year
Compare Albuquerque, NM With
Albuquerque, NM vs Grand Rapids, MIAlbuquerque, NM vs Yakima, WAAlbuquerque, NM vs Grand Junction, COAlbuquerque, NM vs Salisbury, MDAlbuquerque, NM vs Columbus, OHAlbuquerque, NM vs Helena, MTAlbuquerque, NM vs Indianapolis, INAlbuquerque, NM vs Gettysburg, PAAlbuquerque, NM vs Cincinnati, OHAlbuquerque, NM vs Syracuse, NY
Frequently Asked Questions
Is Albuquerque, NM expensive to live in?
Albuquerque, NM has a cost of living index of 95.5, which is 4.5% below the national average.
How much does housing cost in Albuquerque, NM?
Housing costs in Albuquerque, NM are indexed at 89.2 compared to the national average of 100. The median monthly rent is $1,035.
What is the average income in Albuquerque, NM?
The median household income in Albuquerque, NM is $63,971 per year.
What is the average home price in Albuquerque, NM?
The median home value in Albuquerque, NM is $242,600.