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Albuquerque, New Mexico

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
562,218
Population
$68,317
Median Income
$291,500
Home Value
38.8
Median Age

Demographics

Albuquerque has a population of 562,218 with a median age of 38.8. Here is the racial and ethnic breakdown of the population:

White
49.9%
Hispanic
47.7%
Black
3.5%
Asian
3.4%
Demographic Value
Total Population562,218
Median Age38.8
White49.9%
Black or African American3.5%
Asian3.4%
Hispanic or Latino47.7%
Albuquerque, New Mexico — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 104.White: 47.8%Hispanic/Latino: 45.6%Black: 3.3%Asian: 3.3%562,218PopulationWhiteWhite47.8%Hispanic/LatinoHispanic/Latino45.6%BlackBlack3.3%AsianAsian3.3%

Income & Economy

The median household income in Albuquerque is $68,317, which is 15.2% below the national median of $80,610. The per capita income is $40,469. The poverty rate is 15.5%.

$68,317
Median Household Income
$40,469
Per Capita Income
15.5%
Poverty Rate

Employment

The unemployment rate in Albuquerque is 3.7%, compared to the national rate of 4.1%.

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Education

In Albuquerque, 91.2% of residents age 25+ have a high school diploma or higher, and 39.2% hold a bachelor's degree or higher (17.9% with a graduate or professional degree).

HS Diploma+
91.2%
Bachelor's+
39.2%
Graduate+
17.9%
Education Level % of Adults (25+)
High School Diploma or Higher91.2%
Bachelor's Degree or Higher39.2%
Graduate or Professional Degree17.9%

Housing

The median home value in Albuquerque is $291,500, below the national median of $303,400. The median monthly rent is $1,145. The homeownership rate is 61.8%.

$291,500
Median Home Value
$1,145/mo
Median Rent
61.8%
Homeownership Rate
Housing Metric Value
Median Home Value$291,500
Median Monthly Rent$1,145
Homeownership Rate61.8%
Vacancy Rate5.6%

Salaries in New Mexico

Explore salary data for popular occupations in New Mexico:

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Other Cities in New Mexico

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Frequently Asked Questions

What is the population of Albuquerque, New Mexico?
The population of Albuquerque, New Mexico is 562,218 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Albuquerque, New Mexico?
The median household income in Albuquerque, New Mexico is $68,317. This is 15.2% below the national median of $80,610.
What is the median home value in Albuquerque, New Mexico?
The median home value in Albuquerque, New Mexico is $291,500. The median monthly rent is $1,145.
What percentage of people in Albuquerque have a college degree?
In Albuquerque, New Mexico, 39.2% of adults age 25 and older hold a bachelor's degree or higher, and 91.2% have a high school diploma or higher.
Is Albuquerque, New Mexico an affordable place to live?
The home price-to-income ratio in Albuquerque, New Mexico is 4.3x (median home value $291,500 vs. median income $68,317), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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