Albuquerque, New Mexico Housing

Albuquerque, New Mexico has a population of 564,559, with a median household income of $62,114.

Current housing data for Albuquerque.

$321,114

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Population

564,559

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Median Income

$62,114

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Unemployment

4.80%

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Housing Price

$321,114

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Crime Rate

0.50

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Internet Speed

189.40 Mbps

Albuquerque is a major regional city located in New Mexico. The city has a population that is above the average city population in New Mexico, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Albuquerque is a notable city in New Mexico, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Albuquerque has a population of 564,559, which is higher than the state average. This indicates a relatively larger urban presence within New Mexico.

Income and Economy

The median household income in Albuquerque is $62,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Albuquerque average around $321,114, which is relatively high compared to other cities in New Mexico.

Employment and Safety

The unemployment rate in Albuquerque is 4.80%, which is lower than the state average, indicating a relatively strong job market. Albuquerque has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Mexico, Albuquerque shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Mexico, Albuquerque contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Albuquerque

What is the population of Albuquerque?

The population of Albuquerque is approximately 564,559.

Is Albuquerque a good place to live?

Albuquerque offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Albuquerque?

The median household income in Albuquerque is around $62,114.

How expensive is housing in Albuquerque?

The average housing price in Albuquerque is approximately $321,114.