159 Apartments For Rent in Albuquerque, NM

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Apartments for Rent in Albuquerque, NM

Albuquerque is a large city in New Mexico with slightly more than 552,000 residents. The city's residents, at an average age of just under 38, skew younger than most cities in New Mexico. The majority of Albuquerque residents own their homes, and 40% of residents rent. The average rent of $909/month is roughly equal to the state average.

Albuquerque residents have an average commute of about 23 minutes. Driving is the most common means of commuting to work, opted for by 42% of commuters, while public transit is not used extensively. Few workers commute on foot.

Compared to the national average (7%), Albuquerque has a relatively large concentration of residents over the age of 25 with advanced degrees, as 9% possess a Master's degree or a Doctoral degree. Further, 13% possess a Bachelor's degree. There are three primary industries in Albuquerque: healthcare, retail, and entertainment. Together, these industries make up 20% of the city's workforce. Meanwhile, in terms of job function, many residents work in sales, as 8% of the city's population reports this as their field of work, the highest number of any field. With an average annual income of about $65,000, Albuquerque workers take home around $3,000 more than the average New Mexico resident. However, Albuquerque compares less favorably to the national average ($73,345).

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