Quality of Life in Albuquerque, NM on an $84,225 Salary

Albuquerque, New Mexico, offers a unique blend of culture, outdoor activities, and affordability, making it an attractive location for many individuals and families. Here's a detailed breakdown of what life might look like for someone earning $84,225 per year compared to the broader United States.

Cost of Living

• Overall Affordability: Albuquerque's cost of living is lower than the national average, which means that an $84,225 salary can go further here than in many other parts of the country.
• Utilities and Essentials: Prices for utilities, groceries, and transportation tend to be more affordable, providing additional breathing room for discretionary spending or savings.
• Entertainment and Dining: The city offers a vibrant dining scene and a variety of entertainment options that are generally less expensive than those in larger metropolitan areas.

Housing Market

• Home Prices: The median home price in Albuquerque is below the national average, allowing for more accessible homeownership opportunities.
• Rental Market: Rental prices are competitive, and finding affordable housing is generally easier than in many other U.S. cities.

Quality of Life

• Cultural Attractions: Albuquerque is rich in cultural heritage with numerous cultural festivals, museums, and art galleries.
• Outdoor Activities: Proximity to mountains and parks provides ample opportunities for hiking, biking, and other outdoor pursuits.
• Safety and Community: Residents experience a close-knit community feel with various local events and gatherings.

Access to Healthcare

• Healthcare Facilities: Albuquerque has a number of reputable hospitals and clinics, offering quality healthcare services.
• Healthcare Costs: Medical costs are slightly below the national average, making healthcare relatively accessible for those on a mid-range income.

Quality of K-12 Schools

• Public Education: The Albuquerque Public Schools system is the largest in New Mexico, offering diverse programs and special education resources.
• Private and Charter Schools: There are several respected private and charter school options available, catering to various educational preferences.
• Performance Ratings: While some schools have strong performance ratings, others may fall below the national average, necessitating research for families prioritizing education.

Summary

Overall, an $84,225 annual income in Albuquerque can support a comfortable lifestyle. The lower cost of living, coupled with affordable housing and adequate access to healthcare contributes to a high quality of life.