Quality of Life in Albuquerque, NM on an Income of $103,650

Making $103,650 per year in Albuquerque, New Mexico, presents a comfortable lifestyle relative to both the city's cost of living and the broader United States context. Below is a detailed assessment of various factors impacting the quality of life one can expect in Albuquerque.

Cost of Living

• Overall Cost:
  Albuquerque's cost of living index is generally lower than the national average. The city is known for affordable living expenses compared to the coastal and more urbanized parts of the country.

• Housing Costs:

  • Median Home Price: Significantly lower than the national median, making it easier to purchase a home.
  • Rent: More affordable compared to larger metropolitan areas, allowing for more disposable income.

• Utilities and Groceries:
  These expenses are typically consistent with or slightly below the national average, contributing to a manageable monthly budget.

Housing Market

• Affordability:
  With housing being more accessible in terms of price, residents can enjoy a less financially burdensome purchasing process compared to larger cities.

• Variety:
  There are diverse housing options ranging from downtown apartments to suburban single-family homes, suiting various lifestyle needs.

Quality of Life

• Community and Culture:
  Albuquerque offers a rich cultural scene with a blend of traditional and modern influences, including annual events, museums, and art installations.

• Natural Beauty and Outdoor Activities:
  Surrounded by stunning landscapes such as the Sandia Mountains, residents have ample opportunities for outdoor recreation and nature exploration.

Access to Healthcare

• Healthcare Facilities:
  Albuquerque hosts several reputable hospitals and medical centers, providing quality healthcare services. The city is home to the University of New Mexico Hospital, which is a major medical and research facility.

• Healthcare Costs:
  Costs are generally on par with national averages, but the quality and accessibility of healthcare can vary based on insurance coverage.

Quality of K-12 Schools

• Educational Institutions:
  The city offers a mix of public, charter, and private schools. There are several highly-rated schools, though performance and resources can vary across districts.

• Programs and Opportunities:
  Many schools provide diverse extracurricular activities and special programs, enriching the educational experience for children.

Assessment

Living in Albuquerque on an income of $103