Quality of Life in Albuquerque, NM for an Income of $86,700
Overview
Albuquerque, New Mexico, offers a unique blend of cultural richness, natural beauty, and a manageable cost of living. For someone earning $86,700 annually, understanding how this income aligns with the area's expenses can provide insight into the quality of life compared to the broader United States.
Cost of Living
- Overall Affordability: Albuquerque's cost of living is generally lower than the national average, making it an appealing location for individuals earning a moderate income.
- Expenses Breakdown:
- Groceries and Utilities: Costs are relatively affordable, offering savings compared to larger metropolitan areas.
- Transportation: With less congestion than bigger cities, transportation costs, including gas and public transit, remain reasonable.
Housing Market
- Home Prices: As of recent analyses, Albuquerque's housing market is more affordable than many U.S. cities:
- Median Home Price: Approximately $290,000, which is below the national average.
- Renting vs. Buying: Rent remains competitively priced, offering potential savings for those not ready to purchase a home.
Quality of Life
- Cultural Richness: A vibrant arts scene and diverse cultural events enhance living experience.
- Outdoor Activities: Proximity to mountains and deserts provides ample opportunities for recreation and relaxation.
- Community Engagement: A strong sense of community and numerous local events support a fulfilling social life.
Access to Healthcare
- Healthcare Facilities: Albuquerque boasts several reputable hospitals and clinics, ensuring quality medical care is accessible.
- Healthcare Costs: While lower than national figures, some specialized services may require travel or higher out-of-pocket expenses.
Quality of K-12 Schools
- Educational Opportunities: The city offers a mix of public and private schools, with several programs recognized for their excellence.
- School Ratings: While some schools excel, the overall rating is mixed, prompting many families to explore educational options carefully.
Summary
For someone earning $86,700 per year, Albuquerque, NM, provides a comfortable quality of life with a lower cost of living compared to many U.S. cities. Affordable housing and essential expenses, coupled with vibrant community life and reasonable healthcare access, make it an attractive location. However, potential residents should consider the variability in school quality when planning for families. Overall, Albuquerque
