Low Cost of Living
Possibly the top reason to move to Albuquerque, NM is the low cost of living. When considering a new living destination cost of living should be at the top of your list of must-haves. New Mexico's income tax rates are divided up by four brackets ranging from 1.7% being the lowest and 4.9% being the highest possible income tax rate. Some states do not charge income tax, however, these states make up for it in other ways such as high property and sales tax rates. New Mexico sits in the lower quarter of property tax rates, making it one of the lowest in the US. Also, the average cost of utilities per month is roughly $138, and the average gallon of gas will only cost $2.32! Albuquerque is a unique place that combines unbeatable clean air and beautiful landscapes but also a fun and fulfilling nightlife where the average cost of a meal out for two is only $37 and two tickets to a movie costing $21. Whether it is property or income taxes or entertainment and adventure, you can do it for less in the Land of Enchantment!
