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This question is about Albuquerque, NM.
What is a good salary in Albuquerque, NM?
A good salary in Albuquerque, NM is anything over $50,000. That's because the median income in Albuquerque is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Albuquerque. The average salary in Albuquerque is $59,416.
A good hourly wage in Albuquerque is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Albuquerque.
Another way to calculate a good salary in Albuquerque is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $198,200, a good salary in Albuquerque would be $39,640.
Lastly, we can determine a good salary in Albuquerque by looking at the cost of living and comparing it to the US average salary. The cost of living in Albuquerque is 4% lower than than the national average. The national average salary is $56,310, so a good salary in Albuquerque is anything over $54,057 by this measure.
Average Annual Salary in Albuquerque, NM
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $74,000 | $6,166 | $1,423 | $35.58 |
| 90th | $104,000 | $8,666 | $2,000 | $50.0 |
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