Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is relatively moderate compared to other U.S. cities. It is slightly lower than the national average, which can make a $47,175 salary stretch further.
• Groceries and Utilities: Prices for groceries and utilities tend to be around the national average. Families and individuals can manage these costs comfortably on this income.

Housing Market

• Home Prices: Median home prices in Albuquerque are lower than the national average, making home ownership more attainable on a $47,175 salary. Renting is also a viable option with generally affordable rates.
• Rental Market: Renting in Albuquerque can be cost-effective, particularly in neighborhoods away from the city center.

Quality of Life

• Community and Culture: Albuquerque boasts a rich cultural scene with numerous festivals, art venues, and local traditions. The city's vibrant atmosphere provides a fulfilling lifestyle.
• Outdoor Activities: With access to the Sandia Mountains and numerous parks, residents can enjoy a wide array of outdoor activities, enhancing their quality of life.

Access to Healthcare

• Healthcare Facilities: Albuquerque has several well-regarded hospitals and healthcare facilities, providing good access to medical care.
• Healthcare Costs: While healthcare costs are typically in line with the national average, they might pose a challenge for lower-income households.

Quality of K-12 Schools

• Public Schools: The quality of K-12 education in Albuquerque varies. Some schools offer excellent educational opportunities, while others may face resource challenges.
• Educational Choices: Families have access to various educational options, including charter and private schools, which can provide alternatives to public schooling.

Summary

Living in Albuquerque on a $47,175 annual salary offers a decent quality of life, thanks to a moderate cost of living and affordable housing market. The city's rich cultural environment, access to nature, and reasonable healthcare facilities contribute positively to residents' lifestyles. However, the quality of K-12 education may require attention to ensure that children receive a well-rounded education. Overall, Albuquerque provides a balanced lifestyle for individuals and families within this income range.