Quality of Life Assessment in Albuquerque, NM

Overview of Income

• Annual Income: $64,725
• Comparison to National Median: This income is slightly above the U.S. median household income, which was around $68,700 in 2021.

Cost of Living

• General Cost Index: Albuquerque's cost of living is slightly lower than the national average.
  • Utilities: On par or slightly lower than the national average.
  • Groceries: Generally align with national prices, with some local variance.
  • Transportation: Affordable public transit options reduce overall costs.

Housing Market

• Median Home Price: Roughly $282,000, which is lower than the national median of around $370,000.
• Rental Costs: Lower than major metropolitan areas, making rent a viable option for many.
• Homeownership Feasibility: A $64,725 income provides reasonable access to home purchasing with careful budgeting.

Quality of Life

• Leisure and Recreation: Abundant outdoor activities due to proximity to mountains and deserts.
• Cultural Scene: Diverse cultural offerings, including museums, festivals, and a growing art scene.

Access to Healthcare

• Facilities: Numerous hospitals and specialist clinics.
• Cost: Healthcare costs are in line with the national average; state insurance programs are available for those who qualify.
• Quality: Albuquerque provides high-quality healthcare services with several high-ranking hospitals.

Quality of K-12 Schools

• Public Education: Varies widely, with some high-performing schools and others needing improvement.
• Private and Charter Options: Available, providing alternatives to traditional public schooling.
• Extracurricular Activities: Strong sports and arts programs help enhance educational experience.

Summary

For someone making $64,725 annually, Albuquerque offers a comfortable quality of life. The city benefits from a lower-than-average cost of living and affordable housing options compared to the national landscape. Quality healthcare is accessible, complemented by a vibrant cultural scene and ample recreational opportunities. While public education quality can vary, the presence of diverse schooling options helps families find appropriate educational settings. Overall, Albuquerque presents a balanced and livable environment for middle-income earners.