Albuquerque, NM
Population 562,488 · New Mexico
About Albuquerque, NM
Albuquerque is a major city in New Mexico with a population of 562,488 residents. The median household income is $65,604 per year, which is near the national average. The median age in Albuquerque is 38.7 years.
Housing in Albuquerque has a median home value of $266,700 and median monthly rent of $1,085. Of the 256,861 total housing units, the majority are owner-occupied, with 148,925 owner-occupied and 93,192 renter-occupied units.
The unemployment rate in Albuquerque is 5.3% and the poverty rate is 16.0%. 38.7% of residents hold a bachelor's degree or higher. The average commute time is 22.2 minutes.
How Albuquerque Ranks in New Mexico
Cost of Living in Albuquerque, NM
Compared to national averages, Albuquerque has a median household income of $65,604 (13% below the national median of $75,149). Home values average $266,700, which is 9% above the national median. Monthly rent at $1,085 is 7% below the US average of $1,163. Within New Mexico, Albuquerque's income is 3% below the state average of $67,435, and home values are 14% above the state median of $233,762.
Why Live in Albuquerque, NM?
Albuquerque offers rent that’s lower than the national average at $1,085/month, and a well-educated community where 38.7% of residents hold a bachelor’s degree or higher, and short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($65,604) that falls below the national average. However, as a major city, Albuquerque provides access to a wide range of amenities and services.
Albuquerque has a population of 562,488 with a median age of 38.7 years. Compare Albuquerque with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Albuquerque
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Las Cruces | 112,612 | $55,176 | $217,400 | Compare |
| Rio Rancho | 106,533 | $85,755 | $273,300 | Compare |
| Santa Fe | 88,224 | $70,110 | $411,500 | Compare |
| Roswell | 47,823 | $50,294 | $139,200 | Compare |
| Farmington | 46,339 | $63,745 | $225,400 | Compare |
| Hobbs | 39,887 | $65,691 | $180,700 | Compare |
| Clovis | 38,153 | $54,029 | $160,000 | Compare |
| South Valley | 36,605 | $51,062 | $205,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albuquerque With Other Cities
Frequently Asked Questions about Albuquerque
What is the population of Albuquerque, NM?
The population of Albuquerque, NM is 562,488 according to the latest Census data.
What is the median household income in Albuquerque?
The median household income in Albuquerque, NM is $65,604 per year.
What is the median home value in Albuquerque?
The median home value in Albuquerque, NM is $266,700.
What is the average rent in Albuquerque?
The median monthly rent in Albuquerque, NM is $1,085.
What is the unemployment rate in Albuquerque?
The unemployment rate in Albuquerque, NM is 5.3%.