Quality of Life in Albuquerque, NM for an Income of $62,325

Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is lower compared to the national average, making a salary of $62,325 relatively comfortable.
• Groceries and Utilities: The cost of groceries and utilities in Albuquerque tends to be slightly below the national average, offering residents more flexibility with their budget.
• Transportation: Public transportation options are available, and the cost of commuting is moderate, with gas prices slightly below national norms.

Housing Market

• Median Home Price: The median home price in Albuquerque is significantly lower than the national average, which means housing is more affordable.
• Rent Prices: Rental costs are reasonable, though they have seen an increase as the city grows, making renting a viable option as well.
• Homeownership: This salary can compete in the local real estate market, allowing for potential homeownership opportunities.

Quality of Life

• Lifestyle and Recreation: Albuquerque offers a variety of recreational activities, arts, and cultural events, improving lifestyle quality beyond financial considerations.
• Diversity and Community: The city is known for its diverse community and vibrant cultural scene, which adds to the overall living experience.

Access to Healthcare

• Healthcare Facilities: Albuquerque has a number of quality healthcare facilities and hospitals accessible to residents.
• Healthcare Costs: Healthcare costs in Albuquerque are reasonably priced compared to other parts of the U.S., allowing for more accessible medical care on a moderate income.

Quality of K-12 Schools

• Public Schools: The quality of K-12 education varies, with some schools rated highly and others below average.
• Private School Options: There are several private and charter school options available for families seeking alternatives.

Summary of Assessment

An income of $62,325 in Albuquerque allows for a decent quality of life relative to the cost of living. Housing remains affordable, and the overall cost structure supports a comfortable standard of living. Access to healthcare and recreational activities enhances life quality, although K-12 education quality can vary by school district. Overall, Albuquerque offers a livable environment with diverse opportunities for families and individuals alike.