Calculate using real Albuquerque data. Median home price: $290,000. Property tax rate: 0.78%.
Albuquerque, NM has a cost of living index of 92, where 100 represents the national average. This means living in Albuquerque is 8% less expensive the national average.
The median household income in Albuquerque, NM is $54,322. Combined with a cost of living index of 92, this provides a picture of purchasing power in the area.
The median home price in Albuquerque, NM is $290,000 with a property tax rate of 0.78%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,805.