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Denver, CO vs Albuquerque, NM: Cost of Living

Compare the cost of living between Denver, CO and Albuquerque, NM. See the equivalent salary and median rent powered by BLS Regional Price Parities.

Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗
Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗

Denver, CO

CO

Overall RPP (US=100)
107.4
Housing RPP
145.8
Goods RPP
105.5
2-BR median rent
$2,201/mo

Colorado flat income tax 4.4%. Denver city tax 2.25% on wages.

Albuquerque, NM

NM

Overall RPP (US=100)
93.4
Housing RPP
88.7
Goods RPP
97.6
2-BR median rent
$1,222/mo

New Mexico income tax 1.7%-5.9%.

Equivalent salary

Albuquerque, NM is cheaper than Denver, CO by about 13.0% (RPP 107.4 to 93.4).

$60,000 in Denver, CO

-> $52,179

in Albuquerque, NM

$100,000 in Denver, CO

-> $86,965

in Albuquerque, NM

$150,000 in Denver, CO

-> $130,447

in Albuquerque, NM

This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.

Migration signal: Denver, CO vs Albuquerque, NM

IRS tax-return migration · 2021-2022

Denver, CO

Net people
−9,607
Net rank
#49 of 65
Top origin share
3%
Top destination share
3%

Largest source: Boulder County, CO. Largest destination: Weld County, CO.

Albuquerque, NM

Net people
+309
Net rank
#28 of 65
Top origin share
5%
Top destination share
4%

Largest source: Santa Fe County, NM. Largest destination: Santa Fe County, NM.

Rent delta: Albuquerque, NM is $979/mo lower for HUD FY2024 2-BR FMR than Denver, CO. Housing RPP moves from 145.8 to 88.7.

Migration figures are derived from IRS SOI county-to-county migration data for 2021-2022, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is Albuquerque, NM cheaper or more expensive than Denver, CO?
Albuquerque, NM (RPP 93.4) is cheaper than Denver, CO (RPP 107.4) by about 13.0%.
What salary do I need in Albuquerque, NM if I earn $100,000 in Denver, CO?
You would need approximately $86,965 in Albuquerque, NM to maintain the same purchasing power as $100,000 in Denver, CO. Formula: $100,000 x (93.4 / 107.4).
Which metro had stronger net migration, Denver, CO or Albuquerque, NM?
For 2021-2022, Denver, CO had a net loss of 9,607 people, while Albuquerque, NM had a net gain of 309 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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