Quality of Life in Albuquerque, NM on a $76,425 Annual Income

Overview

Living in Albuquerque, New Mexico, with an income of $76,425 can offer a comfortable lifestyle. This section will break down various aspects affecting the quality of life including the cost of living, housing market, healthcare access, and education quality relative to the United States as a whole.

Cost of Living

• Comparison to National Average: Albuquerque’s cost of living is generally lower than the national average. This means your income stretches further in comparison to many other US cities.
• Key Expenses:
  • Groceries and Utilities: Both are often priced below the national average, allowing more discretionary spending.
  • Transportation: Costs here are relatively affordable, especially when compared to larger metropolitan areas.

Housing Market

• Home Prices:
  • The median home price in Albuquerque is generally more affordable than the national median, making home ownership accessible for individuals with a moderate income.
  • Renters also benefit from competitive rental costs compared to major cities.
• Trends: Despite a stable housing market, prices have been gradually increasing, so early investment can be advantageous.

Quality of Life

• Climate: Albuquerque enjoys a mild climate with four distinct seasons, enhancing outdoor recreational opportunities.
• Cultural & Recreational Activities: Rich in cultural heritage, the city offers various festivals, museums, and outdoor activities like hiking and biking, contributing positively to life satisfaction.

Access to Healthcare

• Facilities: The city has several reputable hospitals and healthcare centers.
• Healthcare Quality and Costs: Quality healthcare is accessible, but costs align closely with national averages, so having insurance is beneficial.

Quality of K-12 Schools

• Public Education: Generally considered average compared to national ratings. There are good schools, but they can be area-specific.
• Private Schools: Albuquerque offers a variety of private school options, which can be beneficial for families seeking alternative education.

Summary

Overall, an income of $76,425 in Albuquerque, NM, offers a good quality of life with manageable living costs, affordable housing, and access to a variety of cultural and recreational activities. While the healthcare system provides necessary services efficiently, families might find mixed quality in public education, necessitating careful school selection. The attractive aspects of Albuquerque make it a viable setting for comfortable living comparable to or exceeding many other parts of