Overall 0%
Goods & Services 3%
Housing 10%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexParkwayAlbuquerqueNew Mexico
Cost of living1009691
Goods & Services979791
Health care969698

Key findings

  • The cost of living in Parkway is 11% higher than the Albuquerque average
  • The cost of living in Parkway is equal to the national average
  • Parkway housing is 10% higher than the national average
  • New Mexico general sales tax is 1% higher than the national average
  • New Mexico state income tax is 31% lower than the national average

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Compare Albuquerque, NM Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)

      New Mexico Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      New Mexico5.125%8.688%

      New Mexico Income Tax

      StateIncome Tax (Low)Income Tax (High)
      New Mexico1.7%4.9%

      Goods & Services

      ItemAlbuquerqueNational avg.Difference
      Haircut $19.67$18.625.6%
      Beauty Salon $39.81$39.052.0%
      Toothpaste $2.83$2.3421.0%
      Shampoo $1.00$1.065.1%
      Movie $11.05$10.683.4%
      Bowling $14.51$14.671.1%


      ItemAlbuquerqueNational avg.Difference
      Ground Beef $4.57$4.228.3%
      Fried Chicken $1.16$1.3916.7%
      Milk $2.10$2.052.4%
      Potatoes $3.62$3.2910.0%
      Pizza $9.99$10.625.9%
      Beer $7.96$9.3815.1%

      Health Care

      ItemAlbuquerqueNational avg.Difference
      Optometrist $108.12$108.570.4%
      Doctor $106.93$116.178.0%
      Dentist $98.97$99.130.2%
      Ibuprofen $8.89$9.688.2%
      Lipitor $445.98$466.924.5%


      ItemAlbuquerqueNational avg.Difference
      Home Price $185,400.00$184,700.000.4%
      Avg. Mortgage Payment $1,098.75$1,197.428.2%
      Apartment Rent $816.00$949.0014.0%


      ItemAlbuquerqueNational avg.Difference
      Gasoline $1.85$2.2216.8%
      Tire Balancing $49.48$50.071.2%


      ItemAlbuquerqueNational avg.Difference
      All Electricity$155.29$167.677.4%
      Phone $183.94$175.644.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Pajarito Mesa, NM34396-4%
      Monterey Park, NM1,77170-30%
      Isleta Village Proper, NM48981-19%
      Pueblo of Sandia Village, NM39482-18%
      Indian Hills, NM1,26588-12%
      Albuquerque, NM556,85996-4%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Tucson, AZ527,58694-6%
      Milwaukee, WI598,67287-13%
      Fresno, CA513,8071011%
      Louisville, KY611,57394-6%
      Las Vegas, NV613,2951022%
      Albuquerque, NM556,85996-4%
      Source: The Parkway, Albuquerque, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.