Quality of Life in Albuquerque, NM on a $65,925 Annual Salary

Cost of Living

• Overall Affordability: Albuquerque is generally more affordable compared to many major U.S. cities, offering a balanced cost of living for residents earning $65,925.
• Utilities and Groceries: The cost of utilities and groceries is around the national average, ensuring a reasonable day-to-day living expense.
• Transportation: Public transportation is available but limited; maintaining a car is often necessary, adding to expenses.

Housing Market

• Median Home Price: The median home price in Albuquerque is lower than the national average, making home ownership more attainable on a $65,925 salary.
• Rental Market: Rental prices are also below national averages, providing affordable options for those not ready to buy.
• Property Taxes: Relatively low property taxes further enhance affordability for homeowners.

Quality of Life

• Climate: Residents enjoy a mild climate with over 300 days of sunshine annually, suitable for outdoor activities.
• Cultural Scene: Albuquerque boasts a rich cultural heritage, offering numerous festivals, art markets, and historical sites.
• Leisure Activities: Access to outdoor pursuits like hiking, biking, and ballooning contributes positively to quality of life.

Access to Healthcare

• Healthcare Facilities: Albuquerque features several reputable hospitals and medical centers.
• Healthcare Costs: Generally in line with the national average, providing reasonable access to quality care.
• Insurance: Health insurance costs may vary, but employer-sponsored healthcare plans are widely offered.

Quality of K-12 Schools

• Public Schools: The performance of public schools varies; some schools excel in educational quality while others face challenges.
• Private and Charter Schools: Options are available for families seeking alternatives to traditional public schooling.
• Educational Initiatives: Community focus on educational improvement is evident with various programs aimed at enhancing student outcomes.

Summary

Living in Albuquerque on a $65,925 salary offers a blend of affordability and quality of life compared to broader U.S. standards. Residents benefit from lower housing costs, a pleasant climate, and ample recreational opportunities. While healthcare is accessible and reliable, the quality of K-12 education may require careful consideration based on specific school districts. Overall, Albuquerque provides a fulfilling lifestyle for those earning a moderate income.