Direct Answer
Albuquerque, NM has a CostOfCity index of 93, which is 7% below the national baseline. Average modeled rent is $1,145/month and the single-adult living cost estimate is $3,614/month.
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Cost of Living in Albuquerque: The Full Picture
Albuquerque — the Duke City —: 565,000 people, a cost index of 93, and a local economy powered by a mountain-or-desert economy where natural beauty attracts workers willing to accept moderate salaries. That combination produces a cost-of-living profile that's 7% below the national average. The breakdown below spans 62 categories across 6 sectors — home services, startup costs, daily living, insurance, legal fees, and salaries.
Albuquerque Cost Index by Category
Each bar shows how the Albuquerque cost index for that category compares to the US national baseline of 100.
Albuquerque has a recreation-influenced economy where outdoor tourism and seasonal work help shape the local labor market
The housing market features a housing market that gives you more square footage per dollar than either coast
The dry climate is gentle on homes, but water scarcity adds hidden costs to landscaping, pool maintenance, and utility bills.. The lifestyle here is characterized by A laid-back lifestyle that masks some of the highest housing costs in the nation. The view is free — the rent is not..
Albuquerque is genuinely affordable by American standards. A cost index of 93 translates to real, material savings on housing, services, and daily expenses compared to most metro areas.
💰 Purchasing Power in Albuquerque
Purchasing power adjusted to national average baseline. In Albuquerque, your dollar buys 8% more than the national average.
🔺 Where Albuquerque Costs More
🔽 Where Albuquerque Costs Less
💰 Salary Landscape
vs national average · higher = better
Monthly Living Expenses in Albuquerque
What it actually costs to live in Albuquerque each month — from tight budgets to comfortable lifestyles.
Estimates include housing, food, transportation, utilities, insurance, and discretionary spending. Based on Albuquerque's cost index of 93 applied to national spending surveys.
🏘️ Neighborhood Cost Variation
Albuquerque's cost landscape is shaped by geography. Proximity to the coast or mountains drive the sharpest price differences between neighborhoods. A 15-minute drive can mean a 20%+ swing in housing and service costs.
Albuquerque vs U.S. Average Cost of Living
Category-by-category affordability grades — based on deviation from the national average.
🏠 Home Services in Albuquerque
What contractors charge for the most common repairs, installations, and remodels
Roof Replacement
+2%HVAC Installation
-14%Plumbing Services
-12%Electrical Work
+13%Kitchen Remodel
+4%Bathroom Remodel
-9%House Painting
-2%Flooring Installation
-14%Landscaping
-13%Fence Installation
-18%Window Replacement
-10%Solar Panel Installation
+6%Water Heater Replacement
-10%Deck Building
-17%Pool Installation
-23%Tree Removal
+2%Garage Door Repair
-12%💼 Business Startup Costs in Albuquerque
Full startup cost breakdowns — from lease deposits to working capital
Start a Restaurant
-29%Start a Coffee Shop
-20%Start a Food Truck
-21%Start a Gym
-1%Start a Daycare
+7%Start a Hair Salon
-25%Start a Laundromat
-20%Start a Bakery
-24%Start a Bar
-18%Start a Cleaning Business
+8%Start an Airbnb
-19%Start a Trucking Business
-29%📊 Cost of Living in Albuquerque
Monthly expenses for housing, food, transportation, and everyday necessities
Cost of Living
-10%Rent Prices
-19%Grocery Costs
-7%Utility Costs
-18%Transportation Costs
-19%Childcare Costs
-28%Gym Membership
-20%🛡️ Insurance in Albuquerque
Annual and monthly premium estimates for major insurance categories
Car Insurance
-10%Home Insurance
-11%Health Insurance
-23%Business Insurance
-8%Life Insurance
+6%Renters Insurance
0%Pet Insurance
-33%Dental Insurance
-29%Motorcycle Insurance
+4%⚖️ Legal Services in Albuquerque
Attorney fees, court costs, and total legal service expenses
Personal Injury Lawyer
-5%Divorce Lawyer
-8%DUI Lawyer
-15%Immigration Lawyer
+20%Estate Planning Lawyer
+10%Workers Comp Lawyer
+4%Bankruptcy Lawyer
+7%💰 Salaries & Jobs in Albuquerque
Annual compensation by experience level, role, and specialization
Software Developer Salary
+7%Registered Nurse Salary
-2%Teacher Salary
-8%Electrician Salary
+12%Plumber Salary
-1%Accountant Salary
+1%Physical Therapist Salary
-8%Police Officer Salary
+7%Dentist Salary
-1%Real Estate Agent Salary
+14%How Much Income Do You Need in Albuquerque?
✅ Best For
- Outdoor enthusiasts
- Families seeking work-life balance
- Small business founders
- First-time homebuyers
⚠️ Not Ideal For
- Workers in niche industries with few local employers
- Those seeking big-city nightlife
Before moving to Albuquerque, compare your target salary against local costs using our calculator. You may be pleasantly surprised by how far your income goes.
CostOfCity Value Index
The CostOfCity Value Index combines cost-of-living data with median income, savings potential, and cost growth trends to produce a single score. Higher = better value for your money. Updated quarterly.
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Frequently Asked Questions About Albuquerque
What are the most expensive cost categories in Albuquerque?
Like most US cities, housing is the single largest expense in Albuquerque, typically accounting for 30-40% of household budgets. Insurance and home services tend to be the next most variable categories, influenced by western climate conditions and state regulations.
What is the median household income in Albuquerque?
The median household income in Albuquerque is approximately $53,000 per year. Adjusted for local cost of living (index: 93), this goes further than in many US cities.
How does Albuquerque compare to other cities in NM?
Within New Mexico, Albuquerque has a cost index of 93. Nearby options include Santa Fe and Durango, which offer useful comparison points.
Explore Albuquerque in Depth
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Compare Albuquerque Costs Nationally
See how Albuquerque ranks on major household and life expenses against 300+ US cities — cheapest to most expensive.
Popular Albuquerque cost & affordability searches
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