Albuquerque is a major metropolitan area in NM with a population of 559,131 residents. With a median home price of $355,656 (2% above the national median) and median household income of $57,366, Albuquerque is considered somewhat expensive with a price-to-income ratio of 6.2x.
The real estate market in Albuquerque features a median home price of $355,656, which is 2% higher than the U.S. national median of $350,000. Monthly rent averages $1,482, 1% below the national average. Over the past decade, rent has increased by 75%.
Albuquerque has a diverse population that represents a wide range of backgrounds, ages, and household types contributing to the city's vibrant community.
Albuquerque offers a median household income of $57,366, which is 18% lower than the national median of $70,000. Residents spend approximately 31% of their income on rent annually, which may pose affordability challenges for some households.
Understanding the climate of Albuquerque is important for those considering relocating. Weather patterns affect daily life, activities, and overall comfort.
See how Albuquerque compares to other popular destinations. Compare cost of living, housing prices, and quality of life.
The median home price in Albuquerque is $355,656, with average monthly rent of $1,482. The median household income is $57,366, giving the city a price-to-income ratio of 6.2x.
Albuquerque is considered expensive with a price-to-income ratio of 6.2x, above the national average of 5x.
Albuquerque has a population of 559,131 residents, making it the #32 largest city in the United States.
Albuquerque has a violent crime rate of 821 per 100,000 residents, which is above the national average. The property crime rate is 2772 per 100,000 residents.
Estates is a comprehensive cost of living comparison platform that helps you compare cities across the United States. We provide data on housing prices, rent, income, crime rates, demographics, and climate to help you make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
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