salaryRent is lower than in 80% of U.S. cities. A typical house costs about 6.3 years of household income, so buying is hard for most locals. Most homes (80.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $45,000 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
Yes. Rent here is cheaper than in most of New Mexico. It is number 17 of 44 cities from cheapest to most expensive.
How much do households earn in Los Ranchos de Albuquerque?
Share of households by yearly income. 35.1% of households earn $100,000 or more.
Rent by apartment size in Los Ranchos de Albuquerque
| Size | Los Ranchos de Albuquerque | U.S. average |
|---|---|---|
| 1 bedroom | $1,026 | $1,324 |
| 2 bedrooms | $1,203 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Los Ranchos de Albuquerque overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Los Ranchos de Albuquerque, so the New Mexico figure is shown.
Taxes and bills in Los Ranchos de Albuquerque
Life in Los Ranchos de Albuquerque
Is it cheaper to rent or buy in Los Ranchos de Albuquerque?
Renting is cheaper right now: about $2,292 a month less.
Owning assumes a typical $492,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,240 for the down payment.
Frequently asked questions
What is the average rent in Los Ranchos de Albuquerque, NM?
Renting in Los Ranchos de Albuquerque costs a median of about $1,125 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Los Ranchos de Albuquerque?
To keep rent under 30% of income, you need about $45,000 a year, or $22 an hour at a full-time job.
Is Los Ranchos de Albuquerque cheap or expensive?
Los Ranchos de Albuquerque is rated Cheap: rent takes 17.1% of the typical household income of $78,722. It ranks 17th cheapest of 44 New Mexico cities we track.
How much are property taxes in Los Ranchos de Albuquerque?
The median homeowner in Los Ranchos de Albuquerque pays $3,732 a year in property taxes, about 0.76% of the median home value.
Is Los Ranchos de Albuquerque more expensive than the national average?
Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Los Ranchos de Albuquerque?
The median home value in Los Ranchos de Albuquerque is $492,400, about 6.3 times the typical yearly household income.
5,857 people live in Los Ranchos de Albuquerque. Numbers are typical (middle) values.