Quality of Life in Albuquerque, NM on a $51,525 Annual Income

Overview of Cost of Living

• Cost of Living Index: Albuquerque's cost of living index is slightly lower than the national average.
• General Expenses: Groceries, utilities, and transportation costs are moderately priced, offering affordably day-to-day living.
• Comparison to National Average: Residents can typically afford a comfortable lifestyle without excessive financial strain compared to other U.S. cities.

Housing Market

• Median Home Price: The median home price in Albuquerque is below the national average, making home ownership more accessible.
• Renter Consideration: Renters may find more competitive rental prices compared to larger metropolitan areas.
• Housing Availability: A variety of housing options are available, including single-family homes, apartments, and condos.

Quality of Life

• Cultural and Recreational Activities: Albuquerque offers diverse cultural events, outdoor recreational opportunities, and a rich local cuisine scene.
• Climate: The city enjoys a mild climate, with relatively low humidity and many sunny days, which enhances outdoor living and activities.
• Community Environment: Residents often experience a strong sense of community and engagement in local initiatives.

Access to Healthcare

• Healthcare Services: The city is home to numerous healthcare facilities, including hospitals and specialized clinics.
• Healthcare Costs: Costs of healthcare services are generally in line with or below the national average, contributing to affordability.
• Insurance Availability: Ample insurance options are available through private and public providers.

Quality of K-12 Schools

• Educational Opportunities: Albuquerque offers a range of public and private school options, though quality can vary by district.
• School Performance: Some schools are well-rated, providing good educational programs and extracurricular activities.
• Focus on Improvement: Continuous efforts in improving educational standards and resources are observed across the city.

Assessment of Quality of Life

An individual earning $51,525 annually in Albuquerque can expect a reasonably comfortable lifestyle given the city's moderate cost of living and lower-than-average housing costs. With accessible healthcare and improving educational resources, Albuquerque provides a quality of life that many residents find appealing, enriched by its cultural vibrancy and natural beauty.