Evaluating Quality of Life in Albuquerque, NM on an $86,025 Salary
Living in Albuquerque, NM, with an annual income of $86,025 can offer a satisfying quality of life when compared to both local and national standards. This analysis examines key aspects such as cost of living, the housing market, quality of life, healthcare access, and educational opportunities.
Cost of Living
- Cost Index: Albuquerque has a cost of living index slightly below the national average, which means essentials are generally more affordable compared to many parts of the country.
- Daily Expenses: Groceries, transportation, and utilities tend to be reasonably priced, which allows residents to maintain a comfortable lifestyle on an $86,025 salary.
Housing Market
- Average Home Prices: The median home price in Albuquerque is lower than the national median, making home ownership more accessible.
- Rental Costs: Renting in Albuquerque is also relatively affordable, with median rent prices for both apartments and houses typically less than those found in larger metropolitan areas.
Quality of Life
- Lifestyle & Culture: Albuquerque offers a rich cultural scene with numerous festivals, arts, and public events. The city is well-known for its diverse culture and scenic landscapes.
- Outdoor Activities: Residents have access to outdoor activities such as hiking, biking, and skiing, enhanced by the city's proximity to mountains and parks.
Access to Healthcare
- Healthcare Accessibility: Albuquerque has a robust healthcare system, featuring multiple hospitals and specialized medical services. The cost of healthcare is slightly higher than the national average, but generally recognized as offering quality care.
- Insurance: With a mid-range salary like $86,025, individuals can typically afford comprehensive health insurance coverage.
Quality of K-12 Schools
- Public Schools: The quality of K-12 education in Albuquerque varies by district, with some schools outperforming state and national averages in academic achievement.
- Private and Charter Schools: There are several private and charter school options, providing families with choices tailored to educational needs and preferences.
Summary
Living in Albuquerque on an $86,025 salary provides a reasonable and balanced quality of life relative to the cost of living. The competitive housing market, combined with the city's cultural offerings and outdoor attractions, makes it an attractive place for individuals and families. Furthermore, while the healthcare system is accessible, continued attention to the quality of public education could enhance the living experience.
