Everything You Need to Know About the City of Albuquerque New Mexico

In 2018, Albuquerque, New Mexico had a population of 560k people with a median age of 37.2 and a median household income of $51,099 dollars. Between 2017 and 2018 the population of Albuquerque, NM grew from 558,558 to 560,234, a 0.3 percent increase and its median household income grew from $50,456 dollars to $51,099 dollars, a 1.27 percent increase.

The population of Albuquerque, NM is 49.4 percent Hispanic or Latino, 38.4 percent White Alone, and 4.03 percent American Indian & Alaska Native Alone. N/A% of the people in Albuquerque, NM speak a non-English language, and 94.5 percent are U.S. citizens.

The largest universities in Albuquerque, NM are Central New Mexico Community College (12,909 degrees awarded in 2017), University of New Mexico-Main Campus (6,318 degrees), and Pima Medical Institute-Albuquerque (557 degrees).

The median property value in Albuquerque, NM is $207,300 dollars, and the homeownership rate is 58.3 percent. Most people in Albuquerque, NM commute by Drove Alone, and the average commute time is 21.1 minutes. The average car ownership in Albuquerque, NM is 2 cars per household.


Education in Albuquerque

In 2017, universities in Albuquerque, NM awarded 21,010 degrees. The student population of Albuquerque, NM is skewed towards women, with 22,772 male students and 30,695 female students.

Most students graduating from Universities in Albuquerque, NM are Hispanic or Latino (9,613 and 46.5 percent), followed by White (7,120 and 34.4 percent), American Indian, or Alaska Native (1,425 and 6.89 percent), and Unknown (959 and 4.63 percent).

The largest universities in Albuquerque, NM by the number of degrees awarded are Central New Mexico Community College (12,909 and 61.4 percent), University of New Mexico-Main Campus (6,318 and 30.1 percent), and Pima Medical Institute-Albuquerque (557 and 2.65 percent).

The most popular majors in Albuquerque, NM are General Studies (4,926 and 23.4 percent), Liberal Arts & Sciences (2,569 and 12.2 percent), and General Business Administration & Management (1,213 and 5.77 percent).

The median tuition costs in Albuquerque, NM are $N/A for private four-year colleges, and $5,961dollars and $20,550 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Albuquerque

The economy of Albuquerque, NM employs 271k people and Albuquerque has an unemployment rate of 4.3 percent. Albuquerque has seen the job market increase by 3.3 percent over the last year. Future job growth over the next ten years is predicted to be 34.5 percent, which is higher than the US average of 33.5 percent. The largest industries in Albuquerque, NM are Educational Services (29,834 people), Health Care & Social Assistance (42,026 people), and Retail Trade (29,501 people), and the highest paying industries are Professional, Scientific, & Technical Services ($67,308 dollars), Utilities ($59,366 dollars), and Public Administration ($50,553 dollars).

Households in Albuquerque, NM have a median annual income of $51,099 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $50,456 dollars in 2017, which represents a 1.27 percent annual growth.


Tax Rates for Albuquerque

– The Sales Tax Rate for Albuquerque is 7.5 percent.

– The Income Tax Rate for Albuquerque is 4.9 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Albuquerque

– The average income of an Albuquerque resident is $26,876 dollars a year.

– The Median household income of an Albuquerque resident is $47,413 dollars a year.