Cost of Living / Albuquerque, NM Metro
Cost of Living in Albuquerque, NM Metro
Official metro name: Albuquerque, NM Metro Area
Albuquerque, NM Metro has a population of 915,968. Median household income is $63,971 and median rent is $1,035 per month. Rent is roughly 19.4% of median monthly income.
State: NMPopulation: 915,968Income: $63,971Rent: $1,035Affordability: Affordable (19.4%)
Median Household Income
$63,971
Annual (ACS median)
Median Rent
$1,035
Monthly (ACS median gross rent)
Rent as % of Income
19.4%
rent ÷ (income/12)
Cost Index
85
Simplified relative index
Is Albuquerque, NM Metro expensive?
Based on median rent and income, Albuquerque, NM Metro has a Affordable rent burden. Median rent is $1,035, which is about 19.4% of median monthly household income.
Average rent in Albuquerque, NM Metro
Median rent (ACS) is $1,035 per month. (Neighborhoods vary widely.)
How much income do you need in Albuquerque, NM Metro?
Median household income (ACS) is $63,971 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in NM
Compare Albuquerque, NM Metro with nearby metros:
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.