Assessing Quality of Life in Albuquerque, NM on an Annual Salary of $73,275
Cost of Living
- Overall Cost of Living: Albuquerque has a relatively moderate cost of living compared to the national average, making a salary of $73,275 fairly comfortable.
- Groceries and Utilities: Prices for groceries and utilities are generally around or slightly below the national averages, allowing for manageable expenses in these areas.
- Transportation: With a well-structured public transportation system, transportation costs can be kept lower than in many major cities.
Housing Market
- Home Prices: The median home price in Albuquerque is lower than the national average, making home ownership more attainable for those earning $73,275 annually.
- Rental Market: Rent prices are reasonable, offering a range of affordable options from apartments to single-family homes.
Quality of Life
- Recreational Activities: Albuquerque offers a rich cultural scene, outdoor activities, and a vibrant arts community, contributing to a high quality of life.
- Community: The city is known for its friendly community and diverse cultural experiences, enhancing day-to-day living.
Access to Healthcare
- Healthcare Facilities: Albuquerque hosts a range of healthcare facilities, including hospitals and specialized care centers, providing residents with accessible medical services.
- Insurance and Costs: Healthcare costs in Albuquerque are on par with national averages, providing adequate access at reasonable prices.
Quality of K-12 Schools
- Public Schools: Albuquerque's public schools have varying ratings, with some renowned for academic excellence while others may require improvement.
- School Choice: There are opportunities for school choice, including charter schools and private institutions, contributing to better educational opportunities for families.
Summary
Overall, a salary of $73,275 in Albuquerque offers a comfortable lifestyle relative to the national cost of living. With reasonable housing costs, lower-than-average general expenses, and access to diverse services and activities, residents can enjoy a quality life. While the quality of K-12 education varies, there are several options available to parents seeking the best for their children. Combined with access to adequate healthcare services, Albuquerque presents a favorable living environment for individuals and families alike.
