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Albuquerque, NM 87116 has a population of approximately 3,836 and experiences a population change rate of -8.97%. The population density is 1,167.7 / sq mi .
The median household income for Albuquerque, NM 87116 is $64,018, with 1,384 households and an average household size of 2.89.
The median value of a home in Albuquerque, NM 87116 is $337,100 with an appreciation rate of 17.10%. 3.73% of housing in the state is owned while 91.85% is rented.
The cost of living in Albuquerque, NM 87116 is 95.3 %.
The unemployment rate in Albuquerque, NM 87116 is 2.70%, and recent job growth is at 1.11%. Future job growth is projected at 42.87%.
The sales tax rate in Albuquerque, NM 87116 is 7.75%, while the income tax rate is 4.90% .
School expenditures in Albuquerque, NM 87116 are $12,875, and the school ratio is 13.6:1.
The average high temperature in July is 92.6 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 10.6 inches per year, with 9.6 inches of snow per year.