Salary Needed to Live in Albuquerque as a Single
A single adult living independently needs approximately $17,924/year to live comfortably in Albuquerque, NM — including 10% savings.
Comfortable Salary
$17,924
with 10% savings
Bare Minimum
$15,468
no savings buffer
Monthly Expenses
$941
13% below national avg
Detailed Monthly Budget for a Single in Albuquerque
| Expense | Albuquerque | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $96 | $113 | -15% |
| 🛒 Groceries | $19 | $17 | +12% |
| ⚡ Utilities | $10 | $14 | -29% |
| 🚗 Transportation | $20 | $26 | -23% |
| 🛡️ Car Insurance | $158 | $215 | -27% |
| 🏥 Health Insurance | $38 | $54 | -30% |
| Internet | $60 | $65 | -8% |
| Phone | $79 | $85 | -7% |
| Dining & Social | $279 | $300 | -7% |
| Entertainment | $112 | $120 | -7% |
| Personal Care | $70 | $75 | -7% |
| Total Monthly | $941 | $1,084 | -13% |
How We Calculated the Salary
Monthly expenses:$941
Target savings (10%):$121/mo
Monthly after-tax needed:$1,062
Effective tax rate:27%
Gross annual salary needed:$17,924
Other Household Types in Albuquerque
Related Pages
FAQ
What salary does a single person need in Albuquerque?
A single person needs approximately $17,924/year ($1,494/month gross) to live comfortably in Albuquerque with a 10% savings rate.
How much is rent for a single person in Albuquerque?
A studio/1br in Albuquerque costs approximately $96/month, which is the largest single expense at 10% of the total budget.
Is Albuquerque affordable for a single person?
Yes, Albuquerque is 13% more affordable than the national average for a single person.