Albuquerque, NM Local Data & Statistics

State: NM

Total population: 562,218 Household income: $68,317 Rent: $1,145

Overview

Total population

562,218

Rent

$1,145

Year built

1982

Household income

$68,317

Per capita income

$40,469

Poverty rate

15.5%

Unemployment rate

3.5%

Household size

2.3 persons

Rent over 30% of income

49.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

New Mexico

Total population

562,218

Adults over 25

397,572

Total households

243,733

Household size

2.3 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$68,317

Per capita income

$40,469

Poverty rate

15.5%

Unemployment rate

3.5%

Rent over 30% of income

49.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$1,145

Year built

1982

Households that rent

38.2%

Households that own

61.8%

Rooms per home (all homes)

5.3

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

49.9%

Black

3.5%

Asian

3.4%

Two or more races

26.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

47.7%

Not Hispanic or Latino

52.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

85%

Commute time to work

22 mins

Work from home

15%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

28%

High school graduate or GED

21.7%

Some college or associate degree

11.1%

Bachelor’s degree or higher

39.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Albuquerque, NM with: New Mexico United States

Albuquerque, NM

Total population562,218

Rent$1,145

Year built1982

Household income$68,317

Per capita income$40,469

Poverty rate15.5%

Unemployment rate3.5%

New Mexico State

Total population2,120,246

Rent$1,067

Year built1985

Household income$64,059

Per capita income$36,218

Poverty rate17.8%

Unemployment rate4.2%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityAlbuquerque, NM	StateNew Mexico	CountryUnited States
Total population	562,218	2,120,246	334,922,499
Rent	$1,145	$1,067	$1,413
Year built	1982	1985	1980
Household income	$68,317	$64,059	$80,734
Per capita income	$40,469	$36,218	$44,673
Poverty rate	15.5%	17.8%	12.5%
Unemployment rate	3.5%	4.2%	4%

View the complete comparison of Albuquerque, NM, New Mexico and United States →

Summary for Albuquerque, NM

Albuquerque is located in New Mexico.

Rent & Income

In Albuquerque, the typical monthly rent is $1,145 and the typical household income is $68,317. Rent here is higher than New Mexico and lower than the U.S., and household income is higher than New Mexico and lower than the U.S. The estimated poverty rate is 15.5%, which is lower than the New Mexico rate but higher than the national rate.

Housing & Affordability

This area is primarily owner-occupied, with renters accounting for about 38.2% of households. About 49.7% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 39.2% of adults holding a bachelor’s degree or higher. The local unemployment rate is 3.5%, which is lower than both New Mexico and the national rate.

Albuquerque, NM — Rent vs Household Income

Albuquerque, NM — Poverty vs Unemployment

💰 Rent in Albuquerque, NM (with Utilities)

Estimated Monthly Rent: $1,145 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Albuquerque, NM

Annual Household Income: $68,317

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Albuquerque, NM

Estimated Rate: 15.5%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Albuquerque, NM

In Albuquerque, NM, households that rent: 93,057 (38.2%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	93,057	38.2%
Owner-Occupied	150,676	61.8%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Albuquerque, NM

In Albuquerque, NM, cost-burdened renters (households spending over 30% of income on housing): 46,261 (49.7%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	46,261	49.7%
Other renter households	46,796	50.3%
Total renter households	93,057	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Albuquerque, NM

Less than High School: 111,272 people (28%)

Includes adults who did not complete high school.

High School Graduate or GED: 86,250 people (21.7%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 44,106 people (11.1%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 155,944 people (39.2%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 397,572

📊 Unemployment Rate in Albuquerque, NM

Estimated Rate: 3.5%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Milwaukee, WI569,756 Baltimore, MD577,193 Fresno, CA543,615 Tucson, AZ543,348 Sacramento, CA524,802 Kansas City, MO508,233 Mesa, AZ507,478 Atlanta, GA499,287 Memphis, TN629,063 Omaha, NE488,197

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.