Bernalillo County · New Mexico · West · 562k residents
Albuquerque, NM: economy, jobs & business costs
The site-selection read on Albuquerque: labor costs, talent, corporate tax, energy, and business activity, with the New Mexico median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,265/wk. New Mexico's corporate income tax rate is 5.9%. Commercial electricity averages 10.5¢/kWh.
Compare Albuquerque side by side
Avg. weekly wage
$1,265/wk
Corporate income tax
5.9%
Bachelor's degree or higher
39.2%
Commercial electricity
10.5¢/kWh
Economic momentum
How fast Albuquerque's economy is moving, ranked against the US cities we track.
55/100
Steady
Ranks Albuquerque's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $330,000 |
| Price per sq. ft. | $200 |
| Property tax rate | 1% |
| 1-bedroom rent | $1,150/mo |
| 2-bedroom rent | $1,400/mo |
| State & local income tax | 2.74% |
| Sales tax | 7.75% |
| Corporate income tax | 5.9% |
| Avg. weekly wage | $1,265/wk |
| Bachelor's degree or higher | 39.2% |
| Commercial electricity | 10.5¢/kWh |
| Businesses per 1k residents | 34.5/1k |
| Wage: Software developer | $123,700 |
| Wage: Registered nurse | $96,040 |
| Wage: General manager | $94,640 |
| Wage: Customer service | $41,790 |
| Wage: Warehouse worker | $36,240 |
| Wage: Heavy truck driver | $55,840 |
| Wage: Electrician | $59,120 |
| Wage: Retail salesperson | $34,160 |
| Cost of living index | 92 |
| Groceries index | 97 |
| Utilities | $150/mo |
| Transit pass | $30/mo |
| Gas price | $3.05/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,000/mo |
| Median household income | $62,000 |
| Unemployment rate | 4% |
| Population | 562k |
| Crime index | 60/100 |
| School rating | 5.0/10 |
| Walkability | 43/100 |
| Disaster risk | 94/100 |
| Avg. commute | 23 min |
| Sunny days / year | 278 days |
| July high | 95°F |
| January low | 21°F |
| Annual snowfall | — |
| Home price YoY | +1.0% |
| Home price MoM | +0.1% |
| Rent YoY | +0.3% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | 0.0% |
| Building permits YoY | +28.9% |
| Ocean coast | 626 mi |
| Big lake | 131 mi |
| Mountains | 14 mi |
| Major airport | 4 mi |
| Ski resort | 68 mi |
Popular comparisons
Nearby
- South Valley, NM · 37k
- Rio Rancho, NM · 109k
- Los Lunas, NM · 19k
- Santa Fe, NM · 89k
- Gallup, NM · 21k
Similar size
- Las Cruces, NM · 114k
- Roswell, NM · 48k
- Farmington, NM · 46k
- Hobbs, NM · 40k
- Clovis, NM · 38k
Real listings in Albuquerque
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Albuquerque a good place to run a business?
- New Mexico's corporate income tax rate is 5.9%; average weekly wages in the surrounding labor market run $1,265/wk; commercial electricity averages 10.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Albuquerque, NM?
- Albuquerque indexes at 92 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,400/mo and a median home value of $330,000.
- How much does a house cost in Albuquerque?
- The median home value in Albuquerque is $330,000 (compiled estimate; individual listings vary).
- How much is rent in Albuquerque?
- A two-bedroom in Albuquerque rents for about $1,400/mo.