What Salary Do You Need to Live in Albuquerque, NM?
To live comfortably in Albuquerque, a household needs to earn roughly $55,000/year. That's about $4,583/month before taxes.
The Number: $55,000/year
At $55,000 per year, a household in Albuquerque can afford median-priced rental housing at roughly 28% of gross income.
This is based on Albuquerque's median monthly rent of $1,227 and the 28% housing guideline. Source: Census ACS 2024.
Albuquerque at a Glance
Sources: Census ACS 2024, Tax Foundation.
For Single Residents
A single person can live comfortably in Albuquerque on roughly $35,000/year. That's about $2,917/month before taxes.
Salary Questions About Albuquerque
The median monthly rent is $1,227. Using the 30% guideline, you need about $49,000/year to afford this comfortably.
The median home price is $324,600. With a 20% down payment, you would need roughly $64,920 saved and a household income to support the mortgage payments.
The median household income is $71,494/year. Our recommended salary of $55,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.