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Albuquerque, NM

Cost of living in Albuquerque, New Mexico

Bernalillo County, NM

Part of the Albuquerque Metro Area

Estimated monthly cost
$3,043/mo
for a single person, all categories combined

Population 674,357 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,084 36%
Federal tax $500 16%
Healthcare $480 16%
Groceries $326 11%
Transport $320 11%
State tax $143 5%
Energy $130 4%
Water $60 2%

Rent in Albuquerque

Fair Market Rents by bedroom count.

Studio
$913
per month
1 bedroom
$1,084
per month
2 bedroom
$1,331
per month
3 bedroom
$1,865
per month
4 bedroom
$2,209
per month

Source: HUD FMR FY2025

Income and earnings in Albuquerque

Annual earnings figures from the Census ACS.

Household income
$66,514
per year
Individual earnings
$40,607
per year
Per capita
$39,234
per year

Source: ACS 2019-2023 5-Year.

Home values in Albuquerque

Average values reported by homeowners.

Average home value
$268,500
Annual property tax
$2,544

Source: ACS 2019-2023 5-Year

Energy costs in Albuquerque

Estimated monthly electricity and gas costs.

Electricity
$92
per month · 15.4¢/kWh
Natural gas
$38
per month
Annual total
$1,560
per year

Source: EIA

Healthcare in Albuquerque

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
8.6%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Albuquerque

State and local tax rates for New Mexico.

State income tax
5.9%
Top marginal rate
State sales tax
5.0%
Combined sales tax
7.7%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Albuquerque

Commute patterns and estimated costs.

Average commute
22.9 min
Drive alone
73.3%
Public transit
1.1%
Work from home
12.8%

Source: ACS

Monthly cost estimates for Albuquerque

What it costs to live in Albuquerque each month.

Single person
$3,043
per month
  • Rent $1,084
  • Energy $130
  • Water $60
  • Groceries $326
  • Transport $320
  • Healthcare $480
  • Federal tax $500
  • State tax $143
Couple
$4,388
per month
  • Rent $1,331
  • Energy $156
  • Water $70
  • Groceries $540
  • Transport $420
  • Healthcare $864
  • Federal tax $759
  • State tax $248
Family
$7,042
per month
  • Rent $1,865
  • Energy $195
  • Water $85
  • Groceries $820
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $759
  • State tax $248

Frequently asked questions about Albuquerque

Common questions about cost of living, rent and salary.

What is the average rent in Albuquerque?

In Albuquerque, New Mexico, a one-bedroom apartment averages $1,084 per month, a two-bedroom averages $1,331 per month, a three-bedroom averages $1,865 per month, according to HUD Fair Market Rent data.

What is the average salary in Albuquerque?

In Albuquerque, New Mexico, the average household income is $66,514 per year and individual earnings for full-time workers average $40,607 per year, according to U.S. Census Bureau data.

What is the cost of living in Albuquerque?

The estimated cost of living in Albuquerque, New Mexico is approximately $3,043 per month for a single person, $4,388 for a couple, $7,042 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Albuquerque?

The combined sales tax rate in Albuquerque, New Mexico is 7.72%, which includes the New Mexico state rate of 5.00% plus an average local rate of 2.72%.

Is Albuquerque an affordable place to live?

Based on the data, a single person in Albuquerque, New Mexico would need approximately $3,043 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $66,514 per year ($5,543 per month). Albuquerque has a moderate cost of living relative to local earnings.

How much does healthcare cost in Albuquerque?

The ACA marketplace benchmark premium in Albuquerque, New Mexico is approximately $480 per month for an individual. Approximately 8.6% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Albuquerque?

The average home value in Albuquerque, New Mexico is $268,500, with average annual property taxes of $2,544, according to U.S. Census Bureau data.

How does Albuquerque compare to other areas?

You can compare Albuquerque, New Mexico with any other US county using our comparison tool at /compare. Albuquerque is in the Albuquerque, NM metro area.

Other counties in New Mexico

Browse the full list of counties in New Mexico, ranked by cost of living.

See all counties in New Mexico

Compare Albuquerque with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources