Quality of Life in Albuquerque, NM on $43,275 Per Year

Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is slightly lower than the national average, making it more affordable than many other U.S. cities.
• Utilities: Utility costs in Albuquerque tend to be reasonable, providing some relief in overall monthly expenses.
• Groceries and Transportation: These costs are generally on par with or slightly below the national average, contributing to manageable living expenses.

Housing Market

• Home Prices: The median home price in Albuquerque is significantly lower than the national median, providing more affordable homeownership opportunities.
• Rental Market: Rental prices are competitive and relatively affordable, offering viable options for those not ready to buy property.
• Comparative Affordability: Compared to the broader U.S. market, Albuquerque offers more affordable housing options, which is beneficial at the $43,275 income level.

Quality of Life

• Climate and Recreation: Albuquerque boasts a favorable climate with abundant sunshine, complemented by numerous outdoor recreational opportunities.
• Community and Culture: The city has a rich cultural heritage, which enhances community engagement and quality of life through various festivals and events.
• Crime Rate: While Albuquerque faces challenges with crime in certain areas, many neighborhoods remain safe and family-friendly.

Access to Healthcare

• Healthcare Facilities: The city has a good range of healthcare facilities, including several hospitals and specialized care centers.
• Healthcare Costs: Medical expenses are approximately on par with national averages, contributing to manageable healthcare access.

Quality of K-12 Schools

• Public School System: Albuquerque has a wide array of public schools with varying performance metrics. Some are well-regarded, while others face challenges.
• Educational Initiatives: There are ongoing efforts to improve school quality and educational outcomes, which can be a positive factor for families with children.
• Alternative Education: The presence of charter and private schools offers additional choices for education, which can be beneficial depending on specific needs and priorities.

Summary of Assessment

Living on $43,275 per year in Albuquerque, NM, can offer a decent quality of life due to the city's lower cost of living and affordable housing market compared to the national average. While healthcare and educational opportunities vary, they remain accessible, and the vibrant culture and recreational opportunities enhance overall living conditions.