Quality of Life in Albuquerque, NM for an Annual Income of $58,050

Overview

Albuquerque, New Mexico, offers a distinct lifestyle characterized by its unique cultural influences, stunning natural landscapes, and diverse economic opportunities. An income of $58,050 in this city provides a modest but generally comfortable quality of life compared to many other regions in the United States.

Cost of Living

• Relative Affordability: Albuquerque's overall cost of living is slightly below the national average, making it a reasonably affordable place to live.
• Essential Expenses: Daily expenses, such as groceries and utilities, are generally moderate, aligning closely with broader national costs.
• Transportation: Public transportation is available but limited; however, fuel costs are typically in line with the national average, making car ownership manageable.

Housing Market

• Home Prices: The median home price in Albuquerque is approximately $275,000, which is below the national median. This makes purchasing a home more attainable for those earning $58,050 annually.
• Rental Market: Rent prices are also moderate, with the average rent for a one-bedroom apartment around $1,100 per month. This provides flexibility for those not looking to purchase a home.
• Housing Options: A variety of housing options are available, from historical neighborhoods to modern developments, catering to different lifestyle preferences.

Quality of Life

• Outdoor Activities: The city's proximity to mountains and parks offers abundant recreational opportunities, promoting an active lifestyle.
• Cultural Vibrancy: Albuquerque is rich in cultural events and festivals, offering residents a diverse array of activities and entertainment.
• Climate: With over 300 days of sunshine a year, the pleasant climate supports outdoor enjoyment and an overall sense of well-being.

Access to Healthcare

• Healthcare Facilities: Albuquerque hosts a variety of healthcare facilities, including respected hospitals and specialized clinics, providing comprehensive care.
• Affordability: Health insurance and medical costs can be a concern, as these can be significant portions of an individual's budget, though assistance programs are available.

Quality of K-12 Schools

• Public Schools: The quality of K-12 education in Albuquerque is varied, with some schools excelling in performance while others face challenges.
• School Choice: There are multiple options for private and charter schools, although these may require additional financial resources beyond public education.
• Community Engagement: