Quality of Life in Albuquerque, NM: Income $73,875
Overview
Albuquerque, NM offers a unique blend of cultural richness and scenic beauty, but how does it add up when considering the cost of living, housing, healthcare, and education compared to the broader United States? For someone making $73,875 annually, here's a detailed look at life in Albuquerque.
Cost of Living
- Affordability: Albuquerque boasts a cost of living that is approximately 5% lower than the national average.
- Everyday Expenses: Groceries, utilities, and transportation expenses align closely with or slightly below national averages.
Housing Market
- Home Prices: The median home price in Albuquerque is about $300,000, which is reasonable compared to the national median.
- Renting vs. Buying: Renting remains a feasible option, with average rent prices modestly lower than those in other parts of the U.S.
- Market Accessibility: The real estate market is competitive but accessible for middle-income buyers.
Quality of Life
- Cultural Scene: Rich with cultural festivals, museums, and outdoor activities due to its diverse heritage and scenic location.
- Climate: Enjoys a mild climate with over 300 sunny days a year, which is appealing to many residents.
- Crime Rate: Crime rates are higher than the national average, which may impact perceptions of safety.
Access to Healthcare
- Healthcare Facilities: Albuquerque has several well-respected hospitals and healthcare facilities.
- Healthcare Costs: Medical expenses are somewhat below the national average, making healthcare more accessible.
- Provider Availability: Adequate access to primary care physicians and specialists, though rural areas may have limitations.
Quality of K-12 Schools
- School Ratings: Mixed ratings for K-12 schools, with some highly-rated schools but also areas needing improvement.
- Educational Opportunities: Offers charter schools and specialized programs, providing diverse educational choices for families.
- Investment in Education: Moderate funding levels with varying resources across districts.
Summary
For someone earning $73,875 annually, living in Albuquerque, NM, offers a relatively balanced quality of life. The cost of living is reasonable, and the housing market provides affordable options compared to broader U.S. standards. The vibrant cultural scene, sunny climate, and accessible healthcare contribute positively to daily life. However, considerations such as higher
