Cost of Living in Albuquerque, NM, United States

Updated On June 16, 2023

How Much Does It Cost to Live In Albuquerque, NM?

If you have only thought about relocating to Albuquerque in New Mexico or you are just curious about the cost of living there, you can take a look at the data provided which will help you get acquainted with the basic costs and possible salaries there.

The cost of living is usually determined according to the obligatory expenses related to the categories of food, services, and housing.

However, there are additional, non-essential ones, that need to be included as well.

Cost of Living Index:
* Based on Research & User Data


Albuquerque residents have plenty of things to do to keep them entertained during their leisure time, and one of them is definitely dining in the local restaurants.

Food is expensive in Albuquerque, thus affecting the restaurant prices, but choosing the less expensive one would provide you with a decent meal for not-so-high prices.



When it comes to food prices, Albuquerque’s cost of living is slightly below the national average, but the groceries shopping would definitely take you the most of the income, and wise purchasing of fruit and vegetables, at the local markets, would have a huge benefit for your budget.



As an Albuquerque resident, you will pay less for transportation, as it is quite a bargain here.

One way ticket is only $1, while a monthly pass allows you the usage of the public transport system during the whole month at just $40.

Even more, can be saved if you do not mind walking or cycling.



Albuquerque is famous for its housing affordability, and reasonable accommodation prices bring comfort to those relocating there, but what they have to bear in mind is that utilities are paid additionally to the rent, and they will have to devote $200 more monthly for them.

Sports and leisure


Albuquerque’s climate is ideal for sports people who like doing activities outside, such as golf, hiking, and cycling, as there are approximately 310 days of sunshine per year.

This affects the prices of gyms and fitness clubs to decrease, and they are pretty affordable here.

Clothing and shoes


Young people enjoy shopping for clothes and shopping opportunities in Albuquerque are numerous and versatile.

They include both closed and open-air shopping centers and boutiques which offer branded items at not-so-high prices, and the majority of people can afford them.

Rent per month


When it comes to accommodation, it is cheaper to live in Albuquerque than in many places in the United States, but this city is still more expensive than some other nearby cities.

Actually, Albuquerque appeals to a wide range of budgets and tastes, as you can either choose the urban or suburban areas.

Cost of Living Averages Table for Albuquerque, NM

*Note: All prices are indicated in USD.
Average Restaurant Prices
Meal (Inexpensive Restaurant)$18.00
Domestic Beer (0.5 Liter)$5.75
Water (0.33 Liter)$1.75
Average Market Prices
Milk (1 Liter)$0.98
Loaf Bread (500g)$3.03
Eggs (12)$4.23
Average Transport Prices
One Way Ticket$1
Monthly Pass$40.00
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling)$174.06
1 min. of Prepaid Mobile Tariff Local$0.10
Internet (Unlimited Data, Cable/ADSL)$83.50
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult$43.31
Tennis Court Rent (1 Hour)$36.67
Cinema, 1 Seat, International Release$12.75
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable)$61.80
1 Summer Dress in a Chain Store (Zara, etc...)$53.33
1 Pair of Adidas Walking Shoes (Mid-Range)$94.73
Average Rent Prices
Apartment (1 bedroom) in City Center$1511.88
Apartment (1 bedroom) Outside of Center$1194.09
Apartment (3 bedrooms) in City Center$2819.00

How Does the Average Person Spend Their Money in Albuquerque, NM?

Due to the fact that the climate allows outdoor recreational opportunities throughout the city,  it possesses places designed for sports activities which include biking and walking trails, thus not much money is devoted to this category.

While sports people would be happy to hear that they do not need money to satisfy their desires for sports, restaurant goers would not be so glad to hear the restaurant prices, especially if they live on a budget.

Be ready because the food will require you more money than the rent.

Average Costs Breakdown


Albuquerque, NM: Average Salary, Minimum Wage & Mortgages

What you need to do first is to research the possible income for your profession here, just to find out how much money you might earn and how to organize it.

The average monthly net salary in Albuquerque is not low, and when compared with not-so-high rent prices, it makes Albuquerque,  an ideal place to live and work.

If you are serious about relocating to Albuquerque and you do not want to rent accommodation, but buy your own property, you can investigate local mortgage rate options before coming and see if they are cost-effective, as they are approximately 5.82%.

Average Salary$5078.08
Minimum Wage$1256.7
Mortgage Interest Rate5.82%

Albuquerque Safety Overview

READ THE FULL REPORT: Albuquerque Safety Review

Safety Index:

Cost of Living by City in Albuquerque, NM

CityCost of Living Index
Albany, NY72.4
Anchorage, AK72.4
Ann Arbor, MI72.4
Arlington, TX72.4
Asheville, NC72.4
Atlanta, GA72.4
Austin, TX72.4
Bakersfield, CA72.4
Baltimore, MD72.4
Bellevue, WA72.4
Bellingham, WA72.4
Berkeley, CA72.4
Birmingham, AL72.4
Boise, ID72.4
Boston, MA72.4
Boulder, CO72.4
Brooklyn, NY72.4
Buffalo, NY72.4
Burlington, VT72.4
Charleston, SC72.4
Charlotte, NC73.33
Chattanooga, TN72.4
Chicago, IL72.4
Cincinnati, OH72.4
Cleveland, OH72.4
Columbia, SC72.4
Columbus, OH72.4
Dallas, TX72.4
Dayton, OH72.4
Denver, CO72.4
Des Moines, IA72.4
Detroit, MI72.4
El Paso, TX72.4
Eugene, OR72.4
Everett, WA72.4
Fayetteville, AR72.4
Fort Myers, FL72.4
Fort Wayne, IN72.4
Fort Worth, TX72.4
Fresno, CA74.2
Gainesville, FL74.2
Grand Rapids, MI74.2
Greensboro, NC74.2
Hartford, CT74.2
Honolulu, HI74.2
Houston, TX74.2
Huntsville, AL74.2
Indianapolis, IN74.2
Irvine, CA74.2
Jacksonville, FL74.2
Jersey City, NJ74.2
Kansas City, MO74.2
Knoxville, TN74.2
Las Vegas, NV74.2
Lexington, KY74.2
Little Rock, AR74.2
Long Beach, CA74.2
Los Angeles, CA74.2
Louisville, KY74.2
Lubbock, TX74.2
Madison, WI74.2
Memphis, TN74.2
Miami, FL74.2
Milwaukee, WI74.2
Minneapolis, MN74.2
Nashville, TN74.2
New Orleans, LA74.2
New York, NY74.2
Oakland, CA74.2
Oklahoma City, OK74.2
Olympia, WA74.2
Orlando, FL74.2
Peoria, IL72.4
Philadelphia, PA72.4
Phoenix, AZ72.4
Pittsburgh, PA72.4
Portland, ME72.4
Portland, OR72.4
Raleigh, NC72.4
Reno, NV72.4
Richmond, VA74.2
Rochester, NY74.2
Sacramento, CA74.2
Saint Louis, MO74.2
Saint Paul, MN74.2
Saint Petersburg, FL74.2
Salem, OR74.2
Salt Lake City, UT74.2
San Antonio, TX74.2
San Diego, CA74.2
San Francisco, CA74.2
San Jose, CA74.2
Santa Barbara, CA74.2
Santa Rosa, CA74.2
Seattle, WA74.2
Spokane, WA74.2
Springfield, MO74.2
Syracuse, NY74.2
Tacoma, WA74.2
Tallahassee, FL74.2
Tampa, FL74.2
Toledo, OH74.2
Tucson, AZ74.2
Tulsa, OK74.2
Vancouver, WA74.2
Virginia Beach, VA74.2
Washington, DC74.2
West Palm Beach, FL74.2
Wichita, KS74.2

Where to Next?

See these related locations:

Or, browse the country/city indexes:

Cost of Living - Country Index Cost of Living - City Index

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