Cost of LivingUpdated 2026-03-23

Albuquerque, New Mexico

In Albuquerque, New Mexico, a gallon of regular gas costs $3.83 as of 2026-03-23 — $0.38 above the national average of $3.45. The average monthly rent for all unit types is $1,250, compared to the national average of $1,900. Grocery inflation is running at 2.58% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Albuquerque's cost-of-living index of 85 puts it below the national average of 100.

StatesNew MexicoAlbuquerque

Key Numbers

Gas (Regular)

$3.83

National: $3.45

3.6%vs. 2022
AAA Gas Prices

Avg Rent (All)

$1,250

National: $1,900

14.0%vs. 2022

Grocery Inflation

2.58%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$11.59

Combo meal

3.0%YoY

Electricity

14.2¢/kWh

~$128/mo avg bill

12.3%vs national avg
EIA Residential

Car Insurance

$165/mo

$1,980/yr state avg

7.9%vs national avg
Bankrate/NAIC

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Grocery Prices

Grocery Item Prices — 2022 to Present

Item20222023202420252026Change
Eggs (dozen)Bird flu volatility$1.66$2.00$2.56$3.83$2.13+2960.0%
Milk (gallon)$3.22$3.45$3.45$3.52$3.55+630.0%
Ground Beef (lb)$3.82$4.78$5.02$5.38$5.43+42.1%
Bread (loaf)$2.07$2.79$3.07$3.22$3.32+1900.0%
Chicken Breast (lb)$3.44$3.68$3.75$3.86$3.94+2630.0%
Butter (lb)$4.03$4.47$4.69$4.98$5.13+27.3%
Bacon (lb)$6.35$6.72$6.98$7.33$7.47+17.6%
Cheddar Cheese (lb)$5.45$5.94$6.18$6.37$6.37+16.9%
Pasta (lb)$1.44$1.77$1.86$1.93$1.97+36.8%
Rice (5 lb)$3.91$4.41$4.49$4.67$4.72+20.7%
Coffee (12 oz)$8.15$9.78$10.35$10.87$11.08+36.0%
Orange Juice (64 oz)Citrus shortage$3.71$4.33$4.81$5.15$5.30+42.9%
Potatoes (5 lb)$3.61$3.75$3.86$3.98$4.06+12.5%
Apples (3 lb)$4.10$4.35$4.57$4.66$4.71+14.9%
Tomatoes (lb)$2.03$2.23$2.39$2.48$2.58+27.1%
Lettuce (head)$1.74$1.93$2.11$2.24$2.35+35.1%
Cooking Oil (48 oz)$5.12$6.34$6.71$6.84$7.05+37.7%
Yogurt (32 oz)$4.03$4.44$4.62$4.76$4.76+18.1%
Cereal (family size)$4.47$5.24$5.55$5.71$5.88+31.5%
Frozen Pizza$5.71$6.99$7.62$8.16$8.32+45.7%

Dining & Restaurants

Fast Food Meal

$11.59

Casual Dining

$22.10

Monthly Spend

$345.97

+3.02% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $7.19

$11.59

+61.2%

Wendy's

2022: $8.11

$12.52

+54.4%

Chipotle

2022: $8.69

$12.98

+49.4%

Starbucks

2022: $4.06

$5.64

+38.9%

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Looking for an Apartment in Albuquerque?

Average 1BR: $975/mo · 2BR: $1,475/mo

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