Quality of Life in Albuquerque, NM on a $114,075 Salary

Cost of Living

• Overall Cost: Albuquerque's cost of living is approximately 1% lower than the national average, making it more affordable than many other U.S. cities.
• Utilities and Transport: Costs for utilities and public transportation are lower than the national average, helping reduce overall monthly expenses.
• Groceries and Dining: Prices for groceries and dining out are marginally less expensive, allowing for greater flexibility in budgeting.

Housing Market

• Home Prices: As of recent reports, the median home price in Albuquerque is around $300,000, which is significantly lower than the national median. This makes homeownership more accessible.
• Rental Market: Rental prices are competitive, typically lower than in many major cities, thus providing reasonable options for those not looking to buy.

Quality of Life

• Community and Culture: Known for its rich cultural heritage and vibrant arts scene, Albuquerque offers a unique blend of traditional and modern lifestyle options.
• Recreational Activities: The city is surrounded by natural beauty, offering ample opportunities for outdoor activities, including hiking, biking, and hot air ballooning.

Access to Healthcare

• Healthcare Facilities: Albuquerque provides access to several major healthcare providers and hospitals, with healthcare costs slightly below the national average.
• Quality of Care: Residents have access to a range of healthcare services, though healthcare quality can vary across different providers.

Quality of K-12 Schools

• Public Schools: Albuquerque's public schools are variable in quality, with some schools excelling and others needing improvement. Parents often consider specific neighborhoods based on school ratings.
• Private and Charter Schools: There are several highly-rated private and charter schools available, offering diverse educational options.

Assessment Summary

Living in Albuquerque, NM, on an income of $114,075 generally affords a comfortable and fulfilling lifestyle relative to many other U.S. cities. With a cost of living slightly below the national average, affordable housing options, and a vibrant community and cultural scene, residents can enjoy a good quality of life. Access to healthcare is adequate, though it may require research to find the best providers. The city's educational landscape offers varied quality, necessitating careful consideration for families with school-aged children.