Located in the state of New Mexico, Albuquerque is a highly populated city with a population of 556,859 residents. According to the most recent Census, 72% of Albuquerque residents are White, 4% American Indian and Alaskan and 3% Black. Additionally, more than a quarter of the population of Albuquerque are of Hispanic or Latino origin, and 24% of the population also speak Spanish.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the area before actually living in Albuquerque, New Mexico. With useful information like amenities, crime, cost of living, education and other key data points, finding the best places to live in Albuquerque and in the areas around Albuquerque is a much easier task.
With a livability score of 59 out of 100, Albuquerque is ranked #24,548 in the United States and #290 in New Mexico. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Albuquerque may not be a pleasant experience. If we dig down a little deeper into each category within the livability score, we see that Albuquerque has higher than average grades for the following: amenities (A+). On a less positive note, Albuquerque does not have favorable ranks for the following: crime (F), education (F) and housing (F). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Albuquerque on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Albuquerque: Sandia Peak Tramway, Old Town Albuquerque, and ABQ Trolley Co..
The Albuquerque unemployment rate (1.2%) has continued to decrease over the years and is now well below the national average. Finding a new job in the area might just be easier than you thought!
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Albuquerque. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Albuquerque are affordable. The median home price for Albuquerque homes is $185,400, which is 14.7% higher than the New Mexico average. If we take a closer look at the affordability of homes in Albuquerque, we’ll see that the home price to income ratio is 3.9, which is 11.4% higher than the New Mexico average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Albuquerque were 6.6%, and the 5 year appreciation rates came in at 3%.