Affordable Living

Albuquerque’s composite score in the ACCRA Cost of Living Index rate is well below the national average of 100.

Cost of Living

Albuquerque was named as one of the top places to build wealth by Salary.com, thanks to its reasonable housing, activities and prices in general. Considering a move? Compare Albuquerque to any location using this calculator:

Examples of Common Expenses

Housing

The median sale price of Existing Single-Family Home: $269,500 1st quarter 2021.

Personal Income Taxes (Single)

Single Filer Rate	Income
1.70%	> $0
3.20%	> $5,500
4.70%	> $11,000
4.90%	> $16,000
5.90%	> $210,000

Personal Income Taxes (Married)

Married Filing Jointly Rate	Income
1.70%	> $0
3.20%	> $8,000
4.70%	> $16,000
4.90%	> $24,000
5.90%	> $315,000

Vehicle Registration

Cars (passenger vehicles) $27 to $62

Trucks (with a declared gross vehicle weight (DGVW) of 26,000 pounds or less) $38 to $207.

More info on New Mexico vehicle registration click here: New Mexico MVD Register Your Vehicle

New Mexico Lottery Scholarship

The New Mexico Legislative Lottery Scholarship is available to students attending New Mexico public post secondary educational institution. A flat rate award is determined by the N.M. Higher Education Department annually. Students must maintain a 2.5 GPA, and either 15 credit hours per semester in a four-year degree program or 12 credit hours per semester in a two-year degree program.