Albuquerque cost of living

Cost of living in the city of Albuquerque

Albuquerque, NM had 926,303 people in the Census Vintage 2024 estimates. The HUD area used for rent is Albuquerque, NM MSA. The 2024 all-items regional price parity is 95.5, where the U.S. average is 100.

2-bedroom Fair Market Rent

$1,384

FY 2027, principal HUD area

Median gross rent

$1,220

ACS 2024 1-year

Goods prices

96.1

BEA goods RPP, 2024

Utilities prices

77.9

BEA utilities RPP, 2024

Mean commute

25.6 minutes

ACS S0801, workers who did not work from home

Median household income

$76,097

ACS 2024, 2024 dollars

Median real estate taxes divided by median home value in this metro are 0.78%. Childcare prices are not in the verified dataset.

Benefits in New Mexico

Benefit rules in this tool follow the state, not the city. SNAP in New Mexico · Medicaid · New Mexico overview

Related comparisons

From Albuquerque

The eight largest 2-bedroom Fair Market Rent gaps from Albuquerque.

Albuquerque and San Francisco · rent gap $2,313
Albuquerque and San Jose · rent gap $1,888
Albuquerque and Boston · rent gap $1,624
Albuquerque and New York · rent gap $1,587
Albuquerque and Los Angeles · rent gap $1,580
Albuquerque and San Diego · rent gap $1,439
Albuquerque and Miami · rent gap $1,180
Albuquerque and Seattle · rent gap $1,165

Nearby metros

Next in the population ranking: North Port, Bakersfield, McAllen