Quality of Life in Albuquerque, NM on an Annual Salary of $85,350

Overview

Albuquerque, New Mexico, provides a unique blend of culture, natural beauty, and affordability. For someone earning $85,350 annually, the city offers a comfortable lifestyle with some financial considerations relative to the national averages in various categories. Below is an assessment of the cost of living, housing market, quality of life, healthcare access, and K-12 education in Albuquerque.

Cost of Living

• Affordability: Albuquerque’s cost of living is below the national average, which means that $85,350 can stretch further than it might in many other U.S. cities.
• Key Expenses:
  • Groceries, utilities, and healthcare are typically more affordable compared to other major metropolitan areas.
  • Transportation costs are moderate, though having a car is usually necessary for convenience.

Housing Market

• Home Prices:
  • Median home prices in Albuquerque are generally lower than the national average, providing more options for homebuyers within the $85,350 salary range.
  • The real estate market is relatively stable, but as with many areas, it has seen fluctuations in line with broader economic conditions.
• Rental Market:
  • Renting is also more affordable compared to national figures, offering diverse options for those not ready to buy.

Quality of Life

• Lifestyle and Leisure:
  • Albuquerque is known for its rich cultural heritage, vibrant arts scene, and numerous outdoor activities, thanks to the surrounding natural landscapes.
  • The city boasts numerous parks, hiking trails, and recreational areas, improving residents' quality of life.
• Crime Rates:
  • While crime rates have been a concern, many neighborhoods offer safe and secure environments.

Access to Healthcare

• Availability:
  • The city offers several high-quality healthcare facilities and providers, ensuring good access to medical services.
• Costs:
  • Healthcare costs are in line with national averages, making them reasonably affordable for someone with an $85,350 income.

Quality of K-12 Schools

• Public School Performance:
  • Albuquerque has a mix of public schools, with performance and resources varying by neighborhood.
  • Certain areas highlight strong educational facilities that are well-regarded within the community.
• Private and Charter Schools:
  • There are numerous private and charter school options for those seeking alternatives