New York, NY vs Albuquerque, NM
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Albuquerque runs $267,000 versus $752,000 in New York, a 65% gap that dominates most relocation math. State income-tax burden also tilts toward Albuquerque — a top rate of 5.9% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$266,700 ✓
Zillow Home Value
$812,534
$338,328
Median Gross Rent
$1,779/mo
$1,085/mo ✓
Owner Occupied %
32.8%
61.5%
Price-to-Rent Ratio
35.2x
20.5x
Median Household Income
$79,713 ✓
$65,604
Per Capita Income
$50,776
$39,117
Unemployment Rate
7.7%
5.3% ✓
Poverty Rate
17.4%
16.0%
Avg Commute (min)
44.8 min
23.8 min
Drove Alone %
21.9%
73.2%
Public Transit %
45.5%
1.3%
Work From Home %
15.0%
12.8%
State Income Tax
10.9%
5.9%
Total Sales Tax
8.5%
7.7% ✓
Property Tax Rate
1.7%
0.8%
Bachelor's Degree %
23.6%
20.9%
Median Age
38
38.7
Avg High Temp
62.6°F
70.3°F
Annual Precipitation
49.5"
8.8"
Annual Snowfall
29.8"
7.9"
New York, NY 1 wins
- ✓Median Household Income
Albuquerque, NM 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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