Cost of Living in Albuquerque, NM
Albuquerque's cost of living index is 94 — 6% less expensive than the national average. New Mexico has a state income tax and a statewide COL index of 92.
COL Index
94
100 = national avg
Monthly Budget
$4,700
vs $5,000 national
Population
0.6M
Metro area
State Tax
Yes
New Mexico
Monthly Cost Breakdown
Estimated monthly costs in Albuquerque vs national average for a typical household.
| Category | National Avg | Albuquerque | Difference |
|---|---|---|---|
| Housing | $1,650 | $1,501 | -$149 |
| Groceries | $650 | $619 | -$31 |
| Transportation | $800 | $757 | -$43 |
| Healthcare | $400 | $383 | -$17 |
| Utilities | $300 | $282 | -$18 |
| Other | $1,200 | $1,142 | -$58 |
| Total | $5,000 | $4,700 | -$300 |
Salary Equivalent
To maintain the same standard of living in Albuquerque, a national-average salary translates to:
$50,000 nationally
$47,000
$75,000 nationally
$70,500
$100,000 nationally
$94,000
$150,000 nationally
$141,000