Transportation expenses like bus fares and gas prices are 1% lower than the national average. Is it expensive to live in Albuquerque?Īlbuquerque’s housing expenses are 4% lower than the national average and the utility prices are 15% lower than the national average. The federal government employs about 29,500 people, while the private sector employs about 650,000. Mining, gas and oil extraction, and quarrying are the largest contributors to the growth of real GDP in New Mexico. What is the number 1 industry in New Mexico? For each of these sectors, Albuquerque already has the intellectual capital, R&D history, technological capacity, and workforce necessary to drive sustainable long-term growth and future investment. They are: film and digital media, smart city technologies, space technology, directed energy, and bioscience. – The Sales Tax Rate for Albuquerque is 7.5%. State of New Mexico (see breakdown below) Recent post: Is Spanish Spoken In New Mexico? Rank

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