Quality of Life in Albuquerque, NM on a $114,300 Salary
Living in Albuquerque, New Mexico with an income of $114,300 per year provides a relatively comfortable quality of life when compared to the broader United States. Here is an assessment of key quality of life factors, including the cost of living, housing market, healthcare access, and education quality.
Cost of Living
- Overall Affordability: Albuquerque's cost of living is slightly below the national average, making it an affordable choice for residents earning $114,300 annually.
- Utilities and Groceries: Costs for utilities and groceries in Albuquerque are relatively standard, with prices close to or slightly below national averages.
Housing Market
- Home Prices: The average home price in Albuquerque is lower than the national median, allowing those with a $114,300 salary to comfortably afford a moderately-sized home or even a larger property, depending on preferences.
- Trends: Housing prices have seen a moderate rise but remain more affordable compared to many urban areas in the U.S.
Quality of Life
- Climate: Albuquerque offers a sunny, dry climate with mild winters, contributing to a pleasant living environment.
- Recreation: The city provides abundant outdoor recreational opportunities, including hiking, biking, and beautiful parks.
Access to Healthcare
- Healthcare Quality: Albuquerque has several reputable hospitals and healthcare providers, ensuring good access to medical services.
- Cost of Healthcare: Healthcare expenses are moderate and align closely with the national average, making healthcare accessible to most residents.
Quality of K-12 Schools
- Public Education: Albuquerque's public schools are diverse, with some schools performing well against state averages, though there can be variance in quality.
- Private and Charter Schools: The city offers various private and charter school options that provide alternative education opportunities for families seeking different educational settings.
Summary
In summary, an individual with an annual income of $114,300 in Albuquerque, NM, can enjoy a good quality of life. The cost of living is relatively lower compared to the national average, and housing remains affordable. The city offers reasonable access to healthcare and a variety of educational options, though the quality may vary by institution. Albuquerque’s climate and recreational opportunities enhance overall living experiences without the financial strain found in more expensive cities.
