Quality of Life in Albuquerque, NM on a $114,750 Salary
A salary of $114,750 annually places an individual or household in a robust financial position in Albuquerque, New Mexico. This income level allows for a comfortable lifestyle considering the local cost of living and housing market, relative to the broader United States.
Cost of Living
- Overall Affordability: Albuquerque has a lower cost of living than the national average, making it more affordable for residents, particularly with a $114,750 salary.
- Utilities and Groceries: Prices for utilities and groceries are typically in line with or slightly below national averages, contributing to overall affordability.
- Transportation: Costs for transportation are reasonable, with options for public transit that can further reduce personal expenses.
Housing Market
- Home Prices: While the national median home price can be high, Albuquerque offers more affordable options, with diverse housing styles and neighborhoods.
- Opportunities for Home Ownership: With a salary of $114,750, purchasing a home is feasible, and the mortgage is manageable relative to income.
- Rental Market: Renting is also viable, and rental prices are generally more affordable compared to other major cities across the U.S.
Quality of Life
- Outdoor Recreation: Albuquerque provides an abundance of outdoor recreational opportunities, fostering a healthy and active lifestyle.
- Cultural Amenities: The city is rich in cultural events, art galleries, and a vibrant local food scene, contributing to a high quality of life.
- Community and Diversity: A diverse population enriches the community atmosphere with multicultural events and inclusive neighborhoods.
Access to Healthcare
- Healthcare Facilities: Albuquerque boasts several well-regarded hospitals and healthcare facilities, providing access to quality medical care.
- Affordability and Insurance Options: The cost of healthcare services is competitive, with various insurance plans available to suit diverse needs.
Quality of K-12 Schools
- Public Education: The quality of K-12 education varies, with some districts and schools receiving higher ratings than others.
- Private and Charter Schools: There are several private and charter school options, providing alternatives for families seeking specific educational approaches.
Summary
Living in Albuquerque on a salary of $114,750 affords a comfortable and enjoyable lifestyle. The cost of living is manageable, housing is affordable, and the city offers a rich array of cultural and recreational activities. Access to healthcare is
