Cost of Living: New York, NY vs Albuquerque, NM (2026)

New York

New York
166
VS

Albuquerque

New Mexico
80

New York is 108% more expensive than Albuquerque.

$1,779/mo ↑ 64%
Median Rent
$1,085/mo ↓ 39%
$79,713/yr ↑ 22%
Median Income
$65,604/yr ↓ 18%
$751,700 ↑ 182%
Home Value
$266,700 ↓ 65%
$1,837/mo ↑ 60%
Owner Costs
$1,149/mo ↓ 37%
8,516,202
Population
562,488

Tax Comparison

10.9%
Income Tax
5.9%
4.0%
State Sales Tax
5.0%
1.62%
Property Tax
0.67%

Affordability

26.8%
rent-to-income
Affordability
19.8%
rent-to-income

Detailed Comparison

When comparing New York, NY and Albuquerque, NM, the overall cost of living indices are 166 and 80 respectively (national median = 100). Rent is $694/month cheaper in Albuquerque, saving renters about $8,328/year.

Median household income is $14,109/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $266,700 in Albuquerque.

New Mexico has a lower income tax rate, making Albuquerque slightly more tax-friendly.

Frequently Asked Questions

New York vs Albuquerque — common questions

Is New York or Albuquerque cheaper to live in?
Based on our cost index, Albuquerque is cheaper to live in with an index of 80 compared to 166 (US average = 100).
What is the rent difference between New York and Albuquerque?
Median rent in New York is $1,779/month and in Albuquerque it's $1,085/month — a difference of $694/month.
Which city has higher income, New York or Albuquerque?
Median household income is $79,713 in New York and $65,604 in Albuquerque. Median household income is $14,109/year higher in New York.
How do taxes compare between New York and New Mexico?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax.
Should I move to New York or Albuquerque?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while Albuquerque has a cost index of 80 with rent of $1,085/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View Albuquerque details →

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