Quality of Life in Albuquerque, NM on an $86,550 Annual Salary
Living in Albuquerque with an annual income of $86,550 can offer a comfortable lifestyle relative to the broader cost of living across the United States. Below is an assessment of various aspects including the cost of living, housing market, quality of life, healthcare, and education.
Cost of Living
- Overall Affordability: Albuquerque has a cost of living that is generally lower than the national average, meaning an income of $86,550 stretches further.
- Consumer Goods and Services: Everyday expenses such as groceries, dining out, and entertainment are comparatively affordable.
- Transportation: Costs related to transportation, such as fuel and public transit, are also moderate, contributing to the overall affordability.
Housing Market
- Median Home Prices: The median home price in Albuquerque is lower than the national average, making homeownership more accessible for someone earning $86,550.
- Rental Market: Rental prices are reasonably priced, providing affordable options for those not looking to buy immediately.
- Property Taxes: The property tax rates are relatively modest, adding to the appeal of homeownership.
Quality of Life
- Climate: With its warm, dry climate and approximately 310 days of sunshine annually, Albuquerque offers an environment conducive to outdoor activities.
- Cultural Activities: Residents enjoy a rich cultural scene, with numerous festivals, museums, and historical sites.
- Recreational Opportunities: Proximity to the Sandia Mountains and other natural attractions offers abundant opportunities for hiking, skiing, and other outdoor activities.
Access to Healthcare
- Healthcare Facilities: Albuquerque houses several reputable medical centers and hospitals, providing comprehensive healthcare services.
- Affordability: Healthcare costs are in line with the national average, making good healthcare accessible without excessive financial burdens.
Quality of K-12 Schools
- Public School System: The city has a diverse public school system with varying performance ratings; some schools are highly regarded, while others face challenges.
- Private and Charter Schools: There are numerous private and charter school options available for those seeking alternative educational paths for their children.
- Higher Education Access: The presence of institutions like the University of New Mexico provides local higher education opportunities.
Assessment
Overall, an individual earning $86,550 per year in Albuquerque can expect a good quality of life with affordable living costs and
