Is Albuquerque a Good Place to Live?
Is Albuquerque, New Mexico, right for you? Weigh the pros and cons of moving to Albuquerque with our guide.
Avg Rent
$1,161
Population
561,834
Renter Mix
42% Rent
Albuquerque sits where the Rio Grande cuts through the high desert, framed by the Sandia Mountains to the east and the West Mesa to the west — a geography that shapes everything from the light to the pace of daily life. Founded in 1706 as a Spanish colonial outpost, the city carries that layered history through neighborhoods like Old Town, where adobe architecture and centuries-old plazas coexist with working galleries and local markets. The University of New Mexico anchors the central part of the city, while Kirtland Air Force Base and Sandia National Laboratories give Albuquerque a strong foothold in aerospace and technology. Nob Hill draws renters with its walkable, eclectic stretch along historic Route 66, and the North Valley offers a quieter setting along the river. Downtown continues to grow as a hub for arts, civic life, and commuters.
The rental market reflects the city's range. Renters can find adobe-style casitas, garden-style apartment communities, and newer mid-rise options depending on the neighborhood. Each October, the International Balloon Fiesta fills the sky above the city with hundreds of hot-air balloons, a tradition that has become one of the most recognized events in the Southwest.
Townhomes in Albuquerque
The Albuquerque International Balloon Fiesta
An attractive neighborhood in Albuquerque
Albuquerque's mountain views are spectacular
Median Household Income
$60,552
Average: $85,366
Education
177,580
Residents Have a Degree
Job Market
282,521
Workers Employed
Median Age
40 Years
Largest Age Group
30-39 Years
Approximately 15% of Residents
Under 20
22%
Over 65
19%
Housing Distribution
Albuquerque has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of May 2026, the average apartment rent in Albuquerque, NM is $873 for a studio, $1,164 for one bedroom, $1,432 for two bedrooms, and $1,861 for three bedrooms. Apartment rent in Albuquerque has decreased by -1.1% in the past year.
The cost of living in Albuquerque, NM is 3.2% lower than the national average. Generally, housing in Albuquerque is 9.4% less expensive than the national average, with rent falling between $873 - $1,861. You can expect to pay 2.2% less for groceries, 15.5% less for utilities, and 5.9% less for transportation.
Compare Cities
Is Albuquerque a Good Place to Live?
Is Albuquerque, New Mexico, right for you? Weigh the pros and cons of moving to Albuquerque with our guide.
Top 10 Reasons to Rent
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Explore how walkable, bikeable, drivable, and transit-friendly Albuquerque, NM is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Exceptionally Drivable
Drivability
Exceptionally Bikeable
Bikeability
Public
Grades PK-5
264 Students
Public
Grades PK-5
264 Students
Public
Grades PK-5
192 Students
Matheson Park Elementary School
Public
Grades PK-5
192 Students
Public
Grades K-12
910 Students
Public
Grades K-12
910 Students
Mission Achievement & Success Charter School
Public
Grades PK-12
1,168 Students
Public
Grades 6-8
818 Students
Public
Grades 6-8
818 Students
Public
Grades 6-12
759 Students
Public
Grades K-12
910 Students
Siembra Leadership High School
Public
Grades 9-12
283 Students
Mission Achievement & Success Charter School
Public
Grades PK-12
1,168 Students
Public
Grades 6-12
759 Students
Albuquerque Institute Of Math & Science
Public
Grades 6-12
342 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.