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Regional prices · BEA 2024 · metro area

Cost of living in Albuquerque: metro-area prices 4.5% below the U.S. average.

The official BEA price level for Albuquerque, NM, what makes it up, what a salary is worth here at U.S.-average prices, and how local jobs pay once regional prices are taken into account.

Updated Nov 1, 2026 · Data: BEA Regional Price Parities 2024 (Feb 2026) · BLS OEWS May 2025
Regional price parity · all items95.5U.S. = 100 · rank 155 of 387
Purchasing-power equivalent · BEA RPP 2024

$100,000 in Albuquerque ≈ $104,662 at U.S.-average prices.

Quick answer

BEA's Regional Price Parity shows that prices across the Albuquerque metropolitan area are approximately 4.5% below the U.S. average (RPP 95.5 for 2024, U.S. = 100; metro rank 155 of 387, most expensive first). The figure covers the whole Albuquerque, NM metro area, not only the city. It measures average prices of goods and services for the average consumer, not a household budget, rent alone or taxes. Rents are tracked separately: 89.2 here against 100.6 nationally.

What RPP measures

Regional Price Parities (BEA) compare average price levels of goods and services across states and metro areas in one year, with the U.S. = 100. An RPP of 95.5 means prices about 4.5% below the national level.

What it does not measure

A household budget, rent alone, taxes, disposable income, home affordability, lifestyle, savings, or any individual's actual spending.

Price level (all items)
95.5
U.S. 100 · BEA 2024
Rents (tenant housing)
89.2
U.S. 100.6 · shown separately
$100,000 here equals
$104,662
at U.S.-average prices
To match $100,000 (U.S. prices)
$95,546
needed here

Data Area covered: Albuquerque, NM (BEA metropolitan statistical area 10740), not only Albuquerque.

What makes it up

Price levels by category

Data BEA RPP components for 2024. Rents cover tenant-occupied housing only. Each U.S. value is BEA's national figure for that category.

  1. All items95.5 U.S. 100.0
  2. Goods96.1 U.S. 99.6
  3. Housing (rents)89.2 U.S. 100.6
  4. Utilities77.9 U.S. 98.4
  5. Other services98.5 U.S. 100.1
Local pay

What the largest occupations in Albuquerque pay

Data BLS median wage (May 2025), the same wage at U.S.-average prices (TryHired calculation with BEA RPP), and the occupation's U.S. median.

Pay in Albuquerque before and after regional prices
OccupationLocal medianAt U.S.-average pricesU.S. medianEmployed here
Fast Food and Counter Workers$29,140$30,498$31,20014,510
Sales Associate$34,160$35,752$35,41011,370
Administrative Assistant$46,950$49,139$47,54011,020
Registered Nurse$96,040$100,517$97,55010,290
Customer Service Representative$41,790$43,738$44,77010,270
Stocker$36,240$37,929$37,3308,220
Operations Manager$94,640$99,052$105,7707,670
Cashier$30,540$31,964$32,8807,460
Janitor$35,450$37,103$36,8407,070
Server$38,050$39,824$35,2305,880
Material Handler$37,230$38,966$40,2405,170
Office Clerks, General$37,000$38,725$45,0105,130
Pay that goes furthest

Where Albuquerque pay stretches furthest against the U.S.

Data Local median at U.S.-average prices compared with the occupation's U.S. median; occupations with at least 100 people employed here.

  1. Health Specialties Teachers, Postsecondary+74% vs U.S.
  2. Chemist+46% vs U.S.
  3. Electrical Engineer+42% vs U.S.
  4. Forklift Operator+40% vs U.S.
  5. Mechanical Engineering Technologists and Technicians+38% vs U.S.
  6. Occupational Health and Safety Technicians+37% vs U.S.
  7. Electrical and Electronic Engineering Technologists and Technicians+37% vs U.S.
  8. Reservation and Transportation Ticket Agents and Travel Clerks+35% vs U.S.
  9. Industrial Engineer+35% vs U.S.
  10. Data Entry Clerk+35% vs U.S.
State

The state around this metro area

Data BEA publishes a separate price level for each state; a metro area and its state usually differ.

FAQ

Common questions

Is Albuquerque expensive?
BEA's 2024 regional price parity for Albuquerque, NM is 95.5 (U.S. = 100): prices average 4.5% below the national level. Rents alone are at 89.2 (U.S. 100.6).
Is $100,000 a good salary in Albuquerque?
At Albuquerque's 2024 price level, $100,000 is equivalent to about $104,662 at U.S.-average prices; matching $100,000 at U.S.-average prices takes about $95,546 here. Whether that is enough depends on your own costs, which this page does not measure.
Is this my cost of living?
No. A regional price parity is an average price level for the average consumer. Your own costs depend on housing, household size, taxes, commuting and spending, which it does not measure.
Method

How this page is built

BEA Regional Price Parities measure differences in price levels across states and metropolitan areas for one year, relative to the U.S. (= 100), for the goods and services bought by the average consumer. Salary at U.S.-average prices = salary ÷ (RPP ÷ 100). Equivalent salary in place B for a salary in place A = salary × RPP(B) ÷ RPP(A). BEA uses the same division to price-adjust income; its further steps (a small national rebalancing factor and conversion to constant dollars) are for time series and are not applied. Metro areas use the OMB 2023 delineations, the same codes BLS uses. Data area for this page: Albuquerque, NM (Metropolitan Statistical Area), BEA/OMB code 10740; the BLS wages use the same area. Searches this page answers include “albuquerque cost of living”, “cost of living in albuquerque”, “cost of living in albuquerque nm” (Ahrefs, U.S.).

What this page can't tell you
  • Anyone's personal cost of living or household budget: RPPs are average price levels for the average consumer.
  • Taxes, take-home pay, home prices, household size, commuting or lifestyle.
  • Exact prices: RPPs are indexes, and BEA notes place-to-place price comparisons can be volatile where survey samples are small.
  • Year match: 2024 price levels are applied to May 2025 wages.
Sources
  1. U.S. Bureau of Economic Analysis, Regional Price Parities by State and Metro Area, 2024 (released Feb 19, 2026; SARPP and MARPP tables; retrieved Oct 25, 2026). Methodology.
  2. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates (public domain).