Quality of Life in Albuquerque, NM on a $262,500 Annual Salary

With an annual salary of $262,500, individuals in Albuquerque, NM, can enjoy a comfortable lifestyle. Below is an assessment comparing the quality of life in Albuquerque relative to the broader United States based on cost of living, housing market, access to healthcare, and quality of K-12 schools.

Cost of Living

• Overall Affordability: Albuquerque generally has a lower cost of living compared to the national average, making a $262,500 salary stretch further than in many other U.S. cities.
• Key Expenses:
  • Groceries and Dining: Prices for groceries and dining out are relatively moderate, influencing discretionary income positively.
  • Utilities: Energy and water costs are in line with national averages, offering no significant financial burden.
  • Transportation: Gasoline and public transportation costs are affordable, adding to the city’s overall budget-friendliness.

Housing Market

• Home Prices: The median home price in Albuquerque is lower than the national median, allowing higher earners to access larger or more luxurious homes.
• Rental Market: For those not looking to buy, the rental market is also less expensive, with a variety of housing options available across price ranges.
• Property Taxes: Tax rates are relatively low, making home ownership more financially attractive.

Quality of Life

• Recreational Opportunities: Albuquerque offers a rich blend of cultural events, outdoor activities, and a vibrant arts scene.
• Climate: With a pleasant climate featuring over 300 days of sunshine annually, the environment encourages a healthy, outdoor lifestyle.
• Community and Culture: A diverse and welcoming community adds to the attractiveness of living in Albuquerque, with a mix of tradition and modernity.

Access to Healthcare

• Medical Facilities: Albuquerque hosts several high-quality hospitals and clinics, providing excellent healthcare access and services.
• Healthcare Costs: While medical expenses are above average in some cases, the quality of care is generally high.
• Availability: With a variety of specialists and general practitioners available, securing appointments is relatively straightforward.

Quality of K-12 Schools

• Public Education: Albuquerque’s public schools have mixed ratings, with some schools performing above average and others below.
• Private and Charter Schools: There are numerous private and charter school options available for families seeking alternative