Chicago, IL vs Albuquerque, NM
Cost of living comparison · 2023 Census ACS data
Quick Summary
Chicago and Albuquerque sit close to each other across the headline cost-of-living indicators — typical homes within 15% of each other, median incomes within 13%. The relocation math comes down to non-housing factors: taxes, commute, climate, and personal preference.
Median Home Value
$315,200
$266,700 ✓
Zillow Home Value
$312,456
$338,328
Median Gross Rent
$1,380/mo
$1,085/mo ✓
Owner Occupied %
45.5%
61.5%
Price-to-Rent Ratio
19.0x
20.5x
Median Household Income
$75,134 ✓
$65,604
Per Capita Income
$48,148
$39,117
Unemployment Rate
7.9%
5.3% ✓
Poverty Rate
16.8%
16.0%
Avg Commute (min)
36.7 min
23.8 min
Drove Alone %
46.0%
73.2%
Public Transit %
19.3%
1.3%
Work From Home %
18.3%
12.8%
State Income Tax
5.0%
5.9%
Total Sales Tax
8.7%
7.7% ✓
Property Tax Rate
2.2%
0.8%
Bachelor's Degree %
24.9%
20.9%
Median Age
35.7
38.7
Avg High Temp
60.3°F
70.3°F
Annual Precipitation
34.4"
8.8"
Annual Snowfall
—
7.9"
Chicago, IL 1 wins
- ✓Median Household Income
Albuquerque, NM 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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