Quality of Life in Albuquerque, NM: An Assessment

Cost of Living

• General Overview:

  • Albuquerque's cost of living is relatively moderate compared to many U.S. metropolitan areas.
  • It is slightly below the national average, offering a balanced lifestyle for individuals earning $86,625 per year.

• Detailed Breakdown:

  • Groceries and Utilities:
    • Prices are close to or slightly below the national average, allowing more flexibility in daily spending.
  • Transportation:
    • Costs are reasonable, with public transportation being a viable option for many residents.

Housing Market

• Median Home Price:

  • The median home price in Albuquerque is lower than the national average, making homeownership more accessible.
  • Renting is also affordable, providing quality housing options for various budget levels.

• Market Trends:

  • The real estate market is stable, with moderate appreciation rates, making it a reasonably safe investment.

Quality of Life

• Community and Environment:

  • Albuquerque boasts a vibrant cultural scene with numerous festivals and events.
  • The city experiences about 310 sunny days a year, contributing to a pleasant outdoor lifestyle.

• Recreation:

  • Abundant outdoor recreational opportunities, including hiking, biking, and access to national parks.

Access to Healthcare

• Healthcare Facilities:

  • The city has a comprehensive network of healthcare services with several hospitals and specialized clinics.

• Cost of Healthcare:

  • Healthcare costs are in line with the national average, generally providing good value for quality care.

Quality of K-12 Schools

• Education System:

  • Albuquerque Public Schools (APS) is the largest school district, offering various educational programs.

• School Performance:

  • School performance varies, with some schools exceeding state averages.
  • Access to alternative and charter schools is available, providing diverse educational options.

Summary of Assessment

Living in Albuquerque on an annual income of $86,625 provides a comfortable lifestyle, given the city's cost of living, affordable housing options, and quality of life offerings. Residents can enjoy a moderate cost of living with ample recreational activities, reliable healthcare services, and diverse educational opportunities for children. The city's environment and community offer a welcoming atmosphere for individuals and families alike.