Quality of Life in Albuquerque, NM for a $107,250 Income

Living on an annual income of $107,250 in Albuquerque, New Mexico provides a comfortable quality of life relative to the city's cost of living and housing market. Below is a detailed analysis of core living aspects compared to broader U.S averages.

Cost of Living

• Overall Cost: Albuquerque’s cost of living is slightly below the national average, making it an attractive option for middle to high-income earners.
• Groceries and Utilities: Prices for groceries and utilities are generally in line with or slightly lower than the national averages.
• Transportation Costs: Transportation expenses, including public transportation and gasoline, tend to be reasonable, adding to the overall affordability.

Housing Market

• Median Home Price: As of 2023, the median home price in Albuquerque is about $292,000, which is below the national median, making housing relatively affordable.
• Rent Prices: Rental costs are reasonable, with average rents for a one-bedroom apartment hovering around $1,200 per month, offering competitive options for those preferring to rent.

Quality of Life

• Climate and Environment: Known for its sunny weather, Albuquerque boasts a moderate climate with very low humidity, enhancing outdoor recreational activities.
• Cultural Amenities: The city offers a rich cultural scene with museums, annual festivals, and a vibrant arts community, contributing to a high quality of life.
• Safety: Crime rates are a consideration, as some areas in Albuquerque report higher incidents than the national average; selecting the right neighborhood is key.

Access to Healthcare

• Healthcare Facilities: Albuquerque hosts several reputable healthcare institutions, providing comprehensive services and specialized care.
• Healthcare Costs: Medical costs are approximately on par with national averages, ensuring accessible health services without exaggerated expenses.

Quality of K-12 Schools

• Public Education: The quality of public schools varies; some rank well above average, yet there remain schools with room for improvement.
• Private and Charter Schools: There are numerous private and charter school options, offering alternative education experiences often regarded as high quality.

Summary

Albuquerque offers a balanced quality of life for someone earning $107,250 annually. With a reasonable cost of living, affordable housing options, and a wealth of cultural and natural amenities, the city provides a comfortable lifestyle. The healthcare system is solid with accessible facilities, while educational