Cost of Living in Albuquerque, New Mexico
In Albuquerque, the median household income is $68,317 and the median gross rent is $1,145/mo, with a median home value of $291,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $68,317
- Median gross rent
- $1,145/mo
- Median home value
- $291,500
- Population
- 562,218
How Albuquerque compares to the New Mexico average
| Measure | Albuquerque, NM | New Mexico statewide | Difference |
|---|---|---|---|
| Median household income | $68,317 | $64,059 | +6.6% |
| Median gross rent (monthly) | $1,145 | $1,067 | +7.3% |
| Median home value | $291,500 | $248,100 | +17.5% |
Statewide, New Mexico prices average 92.2 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Albuquerque
- Salary needed for median rent
- $45,800
- Rent burden at median income
- 20.1%
- Est. affordable home price
- $249,216
So that $1,145/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Albuquerque is $291,500 — +17.0% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other New Mexico cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.