Quality of Life in Albuquerque, NM on an Income of $104,400

Summary of Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is slightly below the national average, making a salary of $104,400 go further compared to many other U.S. cities.
• Groceries and Utilities: Prices for groceries and utilities are generally moderate, allowing for comfortable living without excessive financial strain.
• Transportation: Costs are standard, with access to public transportation options that can help reduce the need for a personal vehicle.

Housing Market

• Home Prices: The median home price in Albuquerque is lower than many major metropolitan areas in the United States.
• Affordability: A salary of $104,400 allows for comfortable homeownership, with the ability to purchase a moderately priced home or condo.
• Rental Market: Renting is a viable option, with rents that are reasonably affordable relative to the income level.

Quality of Life

• Safety and Community: Albuquerque boasts a varied community with cultural diversity and a welcoming atmosphere; however, certain areas may experience higher crime rates.
• Outdoor and Cultural Activities: The city offers abundant outdoor activities, arts, cultural events, and local cuisine, contributing to a rich lifestyle.
• Work-Life Balance: Generally balanced, with opportunities for leisure and family time due to a manageable pace of life.

Access to Healthcare

• Healthcare Facilities: The city has several well-regarded hospitals and healthcare providers, offering easy access to both general and specialized medical services.
• Healthcare Costs: Similar to national averages, with numerous facilities accepting a broad range of insurance plans.

Quality of K-12 Schools

• Public Schools: Albuquerque features a mix of educational quality, with some schools highly rated and others needing improvement.
• Private and Charter Schools: Available options for private and charter education provide alternative and often higher-quality schooling choices for families.

Assessment Summary

Living in Albuquerque on a $104,400 salary allows a relatively high quality of life due to the moderate cost of living and affordable housing market. While healthcare access is adequate and cultural activities are plentiful, families may need to carefully select educational opportunities to ensure a high-quality K-12 experience. Overall, Albuquerque offers a rewarding living environment where financial resources can be effectively maximized.