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Metropolitan Statistical Area

Cost of living in the Albuquerque Metro Area

4 counties across NM. Population: 918,567.

Avg. 1-bed rent
$1,084/mo
Avg. household income
$68,381/yr
Avg. home value
$263,525
Avg. monthly cost
$3,037/mo

Last updated May 22, 2026

Rent in the Albuquerque Metro Area

Average rent across the Albuquerque metro area, weighted by county population.

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 + ACS (population-weighted metro average)

Income and earnings in the Albuquerque Metro Area

Earnings data averaged across all 4 counties.

Household income
$68,381
per year
Individual earnings
$40,326
per year
Per capita
$38,300
per year

Source: ACS (population-weighted metro average)

Home values in the Albuquerque Metro Area

Average home values and annual property tax across the metro.

Average home value
$263,525
Average annual property tax
$2,348

Source: ACS (population-weighted metro average)

Energy costs in the Albuquerque Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$92
per month
Monthly gas
$38
per month
Annual total
$1,560
per year

Source: EIA (state averages applied per county, weighted)

All 4 counties in the Albuquerque Metro Area

The Albuquerque metro area includes 4 counties. Sorted by population.

Compare counties in the Albuquerque Metro Area

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

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Frequently asked questions about the Albuquerque Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Albuquerque Metro Area?

The estimated average cost of living in the Albuquerque metro area is approximately $3,037 per month for a single person. This is a population-weighted average across the 4 counties that make up the metro area.

What is the average rent in the Albuquerque Metro Area?

The average one-bedroom rent across the Albuquerque metro area is $1,084 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Albuquerque Metro Area?

Torrance County, NM is the most affordable county in the Albuquerque metro area at approximately $2,795 per month for a single person.

What is the most expensive county in the Albuquerque Metro Area?

Sandoval County, NM is the most expensive county in the Albuquerque metro area at approximately $3,099 per month for a single person.

How many counties are in the Albuquerque Metro Area?

The Albuquerque metro area covers 4 counties. The five largest by population are Albuquerque, Sandoval County, Valencia County, Torrance County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.