Cost of Living in Albuquerque, NM

Albuquerque, NM — prices, rents and what jobs really pay here after taxes.

Price level
95.5
U.S. average = 100 · #155 of 387
Median wage
$48,060
all jobs · $3,308/mo take-home
1-bedroom rent
$1,185
HUD fair market rent

Salary comparison calculator

What would you need to earn in Albuquerque, NM to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Albuquerque, NM vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items95.5−4.5%
    Housing89.2−10.8%
    Goods96.1−3.9%
    Utilities77.9−22.1%
    Other services98.5−1.5%

    Source: BEA Regional Price Parities, 2024.

    Rent in Albuquerque, NM

    UnitMonthly rentIncome needed (30% rule)
    Studio$1,009$40,360/yr
    1 bedroom$1,185$47,400/yr
    2 bedrooms$1,464$58,560/yr
    3 bedrooms$2,036$81,440/yr
    4 bedrooms$2,399$95,960/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Albuquerque, NM

    Paycheck in Albuquerque, NM
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $39,697
    per year · effective tax rate 17.4%
    $3,308Monthly
    $1,654Twice a month
    $1,527Every 2 weeks
    $19.09Hourly
    • Federal income tax$3,587
    • Social Security (6.2%)$2,980
    • Medicare (1.45%)$697
    • New Mexico income tax$1,099
    • Take-home pay$39,697

    Marginal rate: 12% federal + 4.30% state

    Highest-paying jobs in Albuquerque, NM

    JobMedian salaryTake-homeReal value*
    Physicians, All Other$239,200+$216,771$226,876
    Architectural and Engineering Manager$215,120$150,853$157,885
    Health Specialties Teachers, Postsecondary$178,290$125,722$131,583
    Electrical Engineer$163,720$116,477$121,907
    Engineers, All Other$163,630$116,420$121,847
    Electronics Engineers, Except Computer$153,900$110,246$115,386
    Pharmacist$147,000$105,868$110,804
    Dentists, General$141,580$102,429$107,204
    Nurse Practitioner$140,950$102,030$106,786
    Financial Manager$140,110$101,497$106,228
    Computer and Information Systems Manager$139,530$101,129$105,843
    Industrial Engineer$132,290$96,535$101,035
    Information Security Analyst$129,560$94,803$99,222
    Computer Occupations, All Other$127,820$93,699$98,067
    Managers, All Other$125,780$92,404$96,712
    Medical and Health Services Manager$125,470$92,208$96,506
    Software Developer$123,700$91,085$95,331
    Marketing Manager$119,180$88,164$92,274
    Lawyer$114,610$85,173$89,144
    Sales Manager$110,160$82,261$86,095

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Albuquerque, NM expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Albuquerque, NM metro area are 95.5% of the U.S. average, with housing at 89.2%. It is the #155 most expensive of 387 metro areas we track.

    What salary do you need to live in Albuquerque, NM?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $57,328 in Albuquerque, NM (before tax differences). The median wage across all jobs here is $48,060.

    How much is rent in Albuquerque, NM?

    HUD’s FY2026 fair market rents for Albuquerque, NM are $1,009 for a studio, $1,185 for one bedroom, $1,464 for two bedrooms and $2,036 for three bedrooms, including utilities.

    All salaries in Albuquerque, NM

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