Albuquerque is located in New Mexico and has an overall cost of living that is -3% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Albuquerque.

Housing: Median rent in Albuquerque is $1,452 / month, and the median home price is $483,919. Housing costs are -9% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.01), milk ($4.65), and eggs ($4.59) reflect the local grocery landscape. Overall grocery costs are -2% vs the national average.

Healthcare: Medical costs include doctor visits ($166.29), dentist visits ($133.58), and prescription drugs ($24.07). These costs should be factored into your monthly budget when planning a move.

New Mexico has a state income tax rate of 5.9%, which affects take-home pay for Albuquerque residents.

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Albuquerque, New Mexico Cost of Living FAQ

Common questions about living costs in Albuquerque.

Albuquerque, New Mexico has an overall cost of living that is -3% the national average. Housing costs are -9% vs the national average. Grocery prices are -2% vs average. Utilities are -15% vs average. This makes Albuquerque a reasonably affordable city.

The median rent in Albuquerque, New Mexico is $1,452 / month. Average energy bills run $186.01 / month. Phone bills average $165.94 / month. Housing is typically the largest expense for residents.

Healthcare costs in Albuquerque: doctor's visit averages $166.29, dentist visit averages $133.58, prescription drugs average $24.07. Overall healthcare expenses in the area are influenced by the -2% grocery cost difference.

Albuquerque is one of 33 cities tracked in New Mexico. With an overall cost -3% vs the national average, it is more affordable than many other cities in the state. Visit our New Mexico state page to compare all cities side-by-side and find the best fit for your budget.

Albuquerque offers cost of living -3% compared to the national average. Key factors to consider: median home price of $483,919, rent of $1,452 / month, and a state income tax of 5.9% in New Mexico. Explore our detailed cost breakdown above to see if Albuquerque fits your budget.