Quality of Life in Albuquerque, NM for a Higher Income Bracket

Income Overview

• Annual Income: $277,200
• Income Bracket: Significantly above average, providing a comfortable lifestyle

Cost of Living

• Overall: Close to the national average
• Groceries, Transportation, and Utilities: Generally more affordable than in many other U.S. cities
• Entertainment and Dining: Diverse options available, often at a lower cost than larger metropolitan areas

Housing Market

• Median Home Price: Approximately $320,000 as of late 2023
  • Below the national median, offering more value for the price
• Property Taxes: Relatively low compared to other parts of the U.S.
• Housing Affordability: With a high income, options are available for luxury homes or desirable neighborhoods

Quality of Life

• Climate: Pleasant, with mild winters and abundant sunshine
• Outdoor Activities: Rich opportunities for hiking, biking, and outdoor exploration
• Cultural Diversity: Robust cultural scene with festivals, art galleries, and a unique blend of New Mexican heritage

Access to Healthcare

• Healthcare Facilities: Several top-rated hospitals and clinics
• Cost of Healthcare: Comparable to the national average, with comprehensive services
• Insurance Options: Wide range available, including employer-sponsored plans

Quality of K-12 Schools

• Public Education: Mixed ratings; some regions offer high-performing schools
• Private Schools: Numerous private and charter schools provide alternatives
• Educational Programs: Specialized programs and extracurricular activities available

Summary Assessment

Living in Albuquerque on an income of $277,200 offers substantial financial freedom and comfort. The cost of living allows for a high quality of life, with affordable housing and accessible amenities. While public schools may vary in quality, numerous private and charter options cater to educational needs. Additionally, residents enjoy a favorable climate and vibrant cultural life, making it an attractive location for those with a substantial income.