Quality of Life in Albuquerque, NM on a $117,225 Annual Salary

Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is below the national average, making a $117,225 salary stretch further for residents.
• Expense Breakdown:
  • Groceries: Food costs are slightly lower than the national average, allowing for better budgeting on everyday essentials.
  • Transportation: Costs, including fuel and public transportation, are moderate, contributing to reasonable living expenses.

Housing Market

• Median Home Price: As of the latest data, Albuquerque's median home price is more affordable compared to national figures, offering better opportunities for homeownership.
• Market Trends: The housing market is relatively stable, with modest appreciation that benefits long-term investments.

Quality of Life

• Community and Lifestyle:

  • Albuquerque offers a rich blend of cultural activities with a strong sense of local community.
  • Outdoor enthusiasts benefit from numerous parks and nearby mountains, promoting an active lifestyle.

• Income versus Expenses:

  • A $117,225 salary in Albuquerque provides a comfortable lifestyle, allowing for discretionary spending and financial savings.
  • Residents can enjoy entertainment and dining, with the ability to explore the local arts and cultural scene.

Access to Healthcare

• Healthcare Access: The city provides good access to healthcare facilities, with numerous hospitals and clinics.
• Healthcare Costs: Services are generally affordable, aligning closely with the national average, ensuring residents can maintain their health without significant financial strain.

Quality of K-12 Schools

• Educational Quality: Public and private schools vary in quality, with several institutions recognized for their academic programs.
• Availability: Parents have access to a range of school options, including specialized charter and magnet schools.

Assessment

Living in Albuquerque, NM, with an income of $117,225 per year offers a considerable quality of life. The cost of living is lower than the national average, allowing for effective income management. Housing remains accessible, supporting property ownership or comfortable renting. Residents can enjoy a fulfilling lifestyle enriched by cultural, outdoor, and recreational activities without considerable financial stress. Access to healthcare and educational institutions supports well-being and offers families options for quality schooling.