Albuquerque, NM — income, home value, property tax, and sales tax.
In ZIP 87121, on Albuquerque's west side, homes carry a median value of $208,200 while the county's effective property tax rate sits at 0.90%. That works out to roughly $1,874 in annual property taxes. With median household income at $60,796, the tax bill absorbs about 3% of a household's yearly earnings, a share that leaves room in the budget for other essentials. Per-capita income of $24,300, however, hints at wide variation in what individual residents can shoulder. Add a combined sales tax rate of 7.62%, and daily purchases chip away further at what's left after housing costs.
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