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Albuquerque, New Mexico

city · Bernalillo County

At a glance

562,218
Population
$291,500
Median home value (all homes)
4% below U.S. median
$348,417
Typical market value
Zillow, 2026-07
$1,145/mo
Median rent
15% below U.S. median
$68,317
Median household income
13% below U.S. median
22.4 min
Average commute
90.5%
Homes with broadband
16.54%
Locations with fiber available
5.4%
Unemployment

Cost of living (Clay Affordability Index)

CAI 97 — 3% below the national average. how it's computed

Housing14% above
Goods & services3% below
Utilities24% below
Taxes31% below
Insurance21% below
Commute cost26% below
For business: New Mexico is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Doing business here

Economic development contacts, most local first:

city Albuquerque Chamber of Commerce
The Greater Albuquerque Chamber of Commerce works with government, business, and community partners to promote and develop a welcoming business environment and thriving, diverse economy in New Mexico.
city Albuquerque Economic Development Dept
The City of Albuquerque’s Economic Development Department helps start, expand, or relocate businesses, supports small business growth, and coordinates workforce development and film/creative economy initiatives. It also oversees related boards and programs.
city Albuquerque Economic Development Inc
AREA is a 501(c)(3) public charity that leads and executes strategies designed to grow and diversify the economic base of the greater Albuquerque region, creating a prosperous, diverse and inclusive economy and elevating the standard of living for all.
city South Valley Economic Development Center
The SVEDC is dedicated to fostering economic revitalization in New Mexico by being the community hub for new and emerging businesses. The SVEDC is an initiative of the Rio Grande Community Development Corporation (RGCDC), a 501(c)(3) non-profit.
state New Mexico Economic Development
The New Mexico Economic Development Department's (NMEDD) mission is creating pathways to prosperity for all New Mexicans. The department works to attract, retain, and expand businesses in New Mexico through a variety of incentive programs, grants, and resources designed to grow the state's economy and create high-wage jobs. NMEDD supports communities across the state with tools for economic development, outdoor recreation, film production, and entrepreneurship.
state New Mexico Economic Development Partnership
The New Mexico Partnership is the state’s single point of contact for business expansion, representing the State of New Mexico by helping companies outside the state explore opportunities, evaluate sites, and establish new operations here with confidence, through site selection support, incentive guidance, workforce analysis, and local coordination with the New Mexico Economic Development Department and a statewide network of partners.
state New Mexico Small Business Development Center
The New Mexico SBDC Network provides no-cost business consulting and low or no cost business training to entrepreneurs throughout the state. The organization aims to develop skilled entrepreneurs and strong businesses through counseling and trainings.
state The Navajo Nation Economic Development
The Navajo Nation Division of Economic Development provides information and assistance for businesses considering investment, expansion, or relocation on Navajo Nation lands across Arizona, New Mexico, and Utah, highlighting land, labor resources, energy resources, and tax incentives to attract economic activity.
State sales taxYes
State income taxYes
Right-to-work stateNo

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