Cost of Living: Albuquerque, NM vs Springfield, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Albuquerque, NM versus $4,227/mo in Springfield, IL. In the model, rent is about 15.81% of gross in Albuquerque, NM versus 13.77% in Springfield, IL, so Springfield, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Albuquerque, NM and Springfield, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Albuquerque, NM
- Lower rent (median 1BR/2BR): Springfield, IL
- Lower home prices: Springfield, IL
- Higher median household income: Albuquerque, NM
Cost of Living Index
Albuquerque, NM: 89.6 (U.S. = 100) · Springfield, IL: 100 (U.S. = 100)
Albuquerque, NM has a lower cost-of-living index than Springfield, IL, so a given salary generally stretches further there.
Median Rent
Albuquerque, NM: $1,031/mo (midpoint of 1BR/2BR) · Springfield, IL: $898/mo
Median rent in Albuquerque, NM is $133/mo higher than in Springfield, IL.
Median Home Price
Albuquerque, NM: $266,700 · Springfield, IL: $155,200
Median home price in Albuquerque, NM is $111,500 higher than in Springfield, IL.
Median Household Income
Albuquerque, NM: $65,604 · Springfield, IL: $65,537
Albuquerque, NM has a higher median household income than Springfield, IL by $67.
Albuquerque, NM overview · Springfield, IL overview · Popular comparisons