Quality of Life Analysis for Albuquerque, NM
Overview
A salary of $89,625 per year places individuals in Albuquerque, NM, in a moderate-to-comfortable financial position relative to the cost of living and housing market. This analysis considers the cost of living, housing affordability, quality of life, access to healthcare, and quality of K-12 schools.
Cost of Living
- Overall Index: Albuquerque's cost of living is slightly below the national average.
- Groceries: Prices align closely with national averages.
- Transportation: Costs for gas and public transportation are generally reasonable.
- Utilities: Utility expenses are moderate compared to other parts of the country.
- Healthcare: Costs are slightly lower than the national average, offering more affordable medical expenses.
Housing Market
- Median Home Price: The median home price in Albuquerque is generally lower than the national average, making homeownership more accessible.
- Rental Costs: Rental prices are affordable, providing various options for different income levels.
- Property Taxes: Average property tax rates offer additional financial relief to homeowners.
Quality of Life
- Climate: Albuquerque enjoys a mild climate with a high number of sunny days, promoting outdoor activities and a healthy lifestyle.
- Culture & Recreation: The city offers a rich cultural scene with numerous museums, theaters, and annual events like the Albuquerque International Balloon Fiesta.
- Safety: Crime rates are higher than some areas of the U.S., which may impact perceptions of safety.
Access to Healthcare
- Healthcare Facilities: Albuquerque has a range of healthcare facilities, including hospitals and specialized clinics.
- Quality of Care: The quality of care is considered good, with access to skilled practitioners and modern medical equipment.
- Insurance Coverage: Most residents are generally able to find suitable insurance plans through employers or state programs, aiding affordability.
Quality of K-12 Schools
- Public Schools: The quality of public schools varies. Some options are rated highly, while others fall below national standards.
- Private and Charter Schools: There are several reputable private and charter schools providing alternative education options.
- Extracurricular Opportunities: Schools offer a variety of extracurricular activities that support balanced student development.
Summary
Making $89,625 annually in Albuquerque affords a moderately comfortable lifestyle relative to both the cost of living and housing market. The city's affordability coupled with diverse cultural
