Cost of Living in Albuquerque, NM

Some stores like Fry's offer frequent discounts or loyalty programs that can save you even more at the checkout. Since groceries are an essential part of you cost of living, take advantage of discounts whenever you can. ( 2024-04-24 salary.com )

Albuquerque, NM does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. ( 2024-04-24 salary.com )

The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. ( 2024-04-24 salary.com )

The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. This price can vary a lot if the distance is greater and depending on how much is being moved. Even if your employer is covering the cost of a move, there will still be costs that are not covered. A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. Make sure you budget for these types of expenses and include them in the first year’s cost of living at your new location. Finally, although there is no dollar cost, is the stress of moving, which will increase if you have children or pets. Make sure you prepare in advance for what additional TLC those kids and pets will need to have a good move. ( 2024-04-24 salary.com )

Electric costs in Albuquerque,NM are currently about average when compared to other states. Since a year ago the price of electricity in New Mexico has gone down about 0.298%. Electric costs will contribute to the energy component of your overall cost of living. ( 2024-04-24 salary.com )

It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Albuquerque child care for a child up to 3 years could cost $7942 per year. New Mexico, is ranked NO. 37 in annual cost of child care in the U.S. ( 2024-04-24 salary.com )

I am single and live in Albuquerque,NM, I rent a small 1 bedroom and the monthly rent is $581 . Rent contributes to a large part of the overall cost of living in Albuquerque,NM, I try to economize by having a small apartment. ( 2024-04-24 salary.com )

Good question. Based on Individual income taxes (which you will pay on earnings), Sales taxes (pay for your purchases), property taxes (on your home or indirectly on your rent), unemployment insurance taxes (from your income), and general business taxes (impacting employers ability to offer jobs and good pay), in Albuquerque, the overall tax climate compared to the rest of the country is in the middle. ( 2024-04-24 salary.com )

Unfortunately, driving in Albuquerque, New Mexico is not very easy and may take up a lot of your time. It is ranked as number 76 in the United States, making it below average in driver friendliness. This means that the time and ease of your driving times will impact your cost of living, since driving in heavy and slow moving traffic uses a lot of gas. ( 2024-04-24 salary.com )

In Albuquerque, NM, the average commute time is about 26.44 minutes. This can vary depending on the time of day, day of week, and the weather and road conditions. If the weather is bad, commute time can double! You should factor this commuting time into your overall cost of living, since your time has value. ( 2024-04-24 salary.com )

The cost of a monthly transit pass in Albuquerque, NM is around $30.00. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall Cost of Living (COL). ( 2024-04-24 salary.com )