Albuquerque, NM
Cost of Living in Albuquerque, NM (2026): Rent, Utilities & Take-Home
$3,029/mo in Albuquerque. $2,380 left each month. Prices near the US average.
Monthly costs
Take-home $5,409/mo.
- Taxes$1,627
- Rent$1,119
- Other living costs$1,910
- Left over$2,380
Pay and tax, per year
- Gross household pay
- $84,429
- Federal income tax
- −$10,188
- Social Security and Medicare
- −$6,459
- State income tax (NM)
- −$2,880
- Take-home pay
- $64,902
- Effective tax rate
- 23.1%
Living costs, per month
- Rent, 1br
- $1,119
- Groceries
- $376
- Getting around
- $547
- Healthcare
- $423
- Utilities and internet
- $235
- Everything else
- $329
- Total spending
- $3,029
Left over each month
$7,036 gross, minus $1,627 in tax and $3,029 in living costs.
$2,380
Average electric bill in New Mexico
About $134 a month for a household using 900 kWh. That is the EIA residential price for New Mexico in 2025, 14.85¢ per kWh. It is a state average, not a Albuquerque utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.
Take-home by job in Albuquerque
- Registered nurse
- Software developer
- Elementary school teacher
- High school teacher
- Accountant / auditor
- Truck driver (heavy)
- Electrician
- Civil engineer
- Lawyer
- Police officer
- Financial analyst
- Pharmacist
- Product / project manager
- Physical therapist
- Nurse practitioner
- Physician
- Construction manager
- Data scientist
- Firefighter
- Mechanical engineer