Is Albuquerque, NM affordable on a $1,150,000 salary?
YES
On $1,150,000/yr, the typical $352,894 home in Albuquerque, NM needs $104,041/yr ($2,428/mo). Your gap: +$1,045,959 — housing would be 2.5% of your gross income.
The math
352,894 price − 10% down (35,289) = 317,605 loan
30-yr fixed at 6.47% on 317,605 = 2,001/mo principal+interest
+ 426/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,428/mo PITI ÷ 0.28 = 8,670/mo → 104,041/yr required
against Zillow ZHVI 2026-05 and the 6.47% FRED 30-yr rate (2026-06-18).
What salary WOULD clear Albuquerque, NM?
You need about $104,041/yr for the typical home. On $1,150,000 you already clear it by $1,045,959.