Cost of Living in Albuquerque, NM

Population 560,513 · New Mexico

Compare with:

Median Rent

Studio

$797

1 Bedroom

$889

2 Bedroom

$1,140

3 Bedroom

$1,459

Buying a Home

Median Home Value

$266,700

Income

Median Household Income

$65,604

Metro Median Wage (annual)

$48,060

Household income: Census ACS, city. Metro median wage: BLS OEWS, all occupations, 2025 (metro area).

The People & Lifestyle

Median Age

38.7 yrs

Homeownership

61.5%

Bachelor's+ (25+)

38.7%

Avg Commute

22.2 min

Crime

Violent Crime (per 100k/yr)

1,193.2

Property Crime (per 100k/yr)

4,766.2

FBI Crime Data Explorer, Albuquerque Police Department (2024). Offenses per 100,000 residents per year. Agency reporting practices vary, so cross-city comparisons are approximate.

Climate

Avg Annual Temperature

57.2°F

Annual Precipitation

9.4 in

Gas

Regular Gasoline (Gulf Coast (PADD 3))

$3.99/gal

EIA weekly retail average, week of 2026-05-25.

Public Transit

Base Fare (ABQ RIDE)

Free

Adult base one-way fare on the primary agency (2026). Zero-fare since 2023.

Utilities

Electricity

14.8¢/kWh

Natural Gas

$11.90/MCF

Residential, state-level averages (EIA, 2026-03-01). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.37

Bread (lb)

$2.10

Eggs (doz)

$2.25

Ground Beef (lb)

$7.23

Chicken (lb)

$2.14

Bananas (lb)

$0.74

Average prices, West (BLS, 2026-04-01). Regional where available, otherwise U.S. average.

State Taxes (NM)

State Sales Tax

4.88%

State Income Tax (top rate)

Up to 5.90%

State-level rates. Local sales taxes may add more. Income tax shown is the top marginal rate; most filers pay less.

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981-2010 (climate); EIA (gas, utilities); BLS Average Price Data (groceries) & OEWS (metro wage); transit agencies (fares); FBI Crime Data Explorer (crime); Tax Foundation 2026 (state taxes).