Quality of Life in Albuquerque, NM for an Income of $113,475

Albuquerque, New Mexico, offers a unique blend of cultural richness, natural beauty, and affordability. For residents earning an annual income of $113,475, the quality of life can be compared favorably to national averages. Here’s an in-depth look at various factors affecting quality of life:

Cost of Living

• Overall Affordability: Albuquerque’s cost of living is lower than the national average, allowing for more purchasing power. Everyday expenses such as groceries, utilities, and transportation are relatively affordable.
• Entertainment and Dining: A vibrant cultural scene and diverse dining options are accessible without straining the budget.

Housing Market

• Home Prices: The median home price in Albuquerque is lower than the national median, making homeownership more attainable for those earning $113,475 annually.
• Rental Market: Renting is also reasonably priced, offering flexibility while maintaining a good standard of living.
• Home Value Appreciation: The housing market has shown steady growth, potentially increasing the investment value of properties over time.

Quality of Life

• Recreational Opportunities: Abundant outdoor activities are at one’s doorstep, with opportunities for hiking, skiing, and enjoying scenic landscapes.
• Community and Culture: A strong sense of community, coupled with rich cultural festivals and events, contributes to a vibrant living experience.
• Climate: Mild climate with plenty of sunshine enhances overall life satisfaction.

Access to Healthcare

• Healthcare Facilities: Multiple well-regarded hospitals and medical centers provide comprehensive healthcare services.
• Healthcare Costs: While lower than in many U.S. cities, healthcare costs should be considered when budgeting.
• Health Outcomes: Generally reasonable health outcomes support a healthy lifestyle.

Quality of K-12 Schools

• Public Schools: The Albuquerque Public Schools district offers a wide range of schools, with varying performance levels. It’s advisable for parents to research specific schools within neighborhoods.
• Alternative Education: Charter and private school options are available, providing a spectrum of educational opportunities.

Summary

Albuquerque offers a high quality of life for residents with an income of $113,475. The city balances affordability with access to cultural and recreational amenities. The housing market is accessible and promising, while the cost of living remains manageable. Access to healthcare and educational facilities, although varied, supports a comfortable and fulfilling lifestyle