Quality of Life in Albuquerque, NM with an Income of $252,450

Cost of Living

• General Expenses: Albuquerque's cost of living is slightly below the national average, making it relatively affordable for someone earning $252,450 annually.
• Utilities and Groceries: These expenses are moderate, providing more disposable income compared to more expensive cities.
• Transportation: Costs are lower than in major urban centers, with public transportation options and shorter commute times reducing daily expenses.

Housing Market

• Median Home Price: As of 2023, the median home price in Albuquerque is around $300,000, which is lower than the national median. This allows for a comfortable purchase potential for higher earners.
• Property Taxes: Relatively low property tax rates contribute to keeping long-term housing costs manageable.

Quality of Life

• Climate and Recreation: Albuquerque enjoys a pleasant climate with plenty of sunny days, promoting an active outdoor lifestyle with hiking, biking, and cultural activities widely available.
• Community and Culture: The city boasts a rich cultural heritage with numerous events, festivals, and a vibrant arts scene.

Access to Healthcare

• Healthcare Facilities: Albuquerque has several quality hospitals and healthcare centers, providing good access to medical care.
• Health Insurance Options: Individuals in higher income brackets have more flexibility in choosing comprehensive health insurance plans which enhance healthcare accessibility.

Quality of K-12 Schools

• Public School Ratings: Schools in Albuquerque vary in quality, with several highly-rated options available, particularly in more affluent neighborhoods.
• Private School Options: A variety of private and charter schools offer additional opportunities for quality education.

Summary

With an annual income of $252,450, an individual living in Albuquerque, NM, can enjoy a high quality of life. The city offers a balance of affordable living costs and a reasonably priced housing market. This, combined with access to healthcare, diverse cultural and recreational opportunities, and quality education options, makes it an attractive location for individuals and families seeking a rewarding lifestyle.