Quality of Life in Albuquerque, NM, on a $73,500 Salary

Overview of Cost of Living

• General Expenses: Albuquerque’s cost of living is slightly below the national average, making the $73,500 salary relatively competitive.
• Utilities and Groceries: Utilities and groceries also trend below the national average, allowing for more discretionary spending.
• Transportation: Costs are moderate, particularly as public transportation options develop and gas prices remain reasonable.

Housing Market

• Home Affordability: The median home price in Albuquerque is below the national median, making homeownership more attainable for someone earning $73,500 annually.
• Rental Market: Rent costs are also generally lower than the U.S. average, providing affordable options for those not looking to buy immediately.
• Market Trends: While the housing market has experienced some growth, it remains more stable compared to larger metropolitan areas, maintaining affordability.

Quality of Life

• Outdoor Activities: The city offers abundant opportunities for recreation, with proximity to natural landscapes and a favorable climate.
• Cultural Amenities: Albuquerque boasts a rich cultural scene, including festivals, museums, and diverse dining options.

Access to Healthcare

• Healthcare Facilities: There is a good range of healthcare facilities, including several hospitals and specialized clinics.
• Cost and Accessibility: Medical costs are in line with the national median. Residents generally find it feasible to maintain healthcare on a $73,500 income.

Quality of K-12 Schools

• Public Education: Public schools have mixed reviews, with some high-performing schools and others that face challenges.
• Private and Charter Schools: There are numerous private and charter school options that may offer enhanced educational opportunities, albeit at additional costs.

Summary Assessment

Living in Albuquerque on a $73,500 salary affords a moderate to high quality of life due to reasonable cost of living, affordable housing, and an accessible healthcare system. The city’s rich cultural landscape and outdoor opportunities further enhance life quality. However, families prioritizing high-performing K-12 education might need to explore supplementary schooling options to ensure quality education for their children.