Quality of Life for Someone Earning $63,900 in Albuquerque, NM

When evaluating the quality of life for someone earning $63,900 annually in Albuquerque, New Mexico, it's essential to consider factors like the cost of living, the housing market, access to healthcare, and the quality of K-12 education. Here is an overview of these crucial elements.

Cost of Living

• Affordability: Albuquerque generally has a lower cost of living compared to many other major cities in the United States. Essential expenses, like groceries and utilities, are reasonably priced.
• Transportation: Public transportation is moderately priced, but many residents use personal vehicles. Gasoline prices are generally in line with or slightly below the national average.
• Overall Cost Index: Albuquerque's overall cost of living index is often reported as being slightly below the national average, making it relatively affordable.

Housing Market

• Home Prices: The median home price in Albuquerque is typically lower than the national median, providing more affordable homeownership opportunities.
• Rental Market: Rent prices are competitive but have been steadily increasing. Nevertheless, they remain below the average rent costs in other parts of the country.
• Market Trends: The housing market has seen growth, with relatively stable home values compared to volatile markets in other states.

Quality of Life

• Climate: Albuquerque enjoys a warm, sunny climate for much of the year, which is ideal for outdoor activities and contributes to a pleasant quality of life.
• Community and Culture: The city has a vibrant cultural scene, with numerous local events, art galleries, and historical sites that cater to a variety of interests.

Access to Healthcare

• Healthcare Facilities: Albuquerque is home to several reputable hospitals and healthcare facilities, providing residents with access to a wide range of medical services.
• Healthcare Costs: The cost of healthcare in Albuquerque is close to the national average, but individuals with employer-provided insurance often find the expenses manageable.

Quality of K-12 Schools

• Public Schools: The quality of public K-12 education varies, with some schools performing above the national average. Parents often evaluate specific school districts to ensure quality education for their children.
• School Choice: There are also options for charter and private schools, providing more educational choices for families with varying needs and preferences.

Assessment Summary

Overall, earning $63,900 per year in Albuquerque, NM provides