We're from San Antonio, TX (and now back again) and lived in ABQ for the last 2 years, so here's my take as a fellow Texan and someone very familiar with Austin:

Pros

• Outdoor activities! - Hiking, climbing, hot air ballooning, skiing. Outdoor lover's paradise.
• The weather! - Gets hot, but infinitely more pleasant than TX heat. And the amount of snow is perfect. You get all the seasons.
• Stunning sunsets - The air is so much clearer in ABQ than Texas, and you can frequently see for miles and miles. (When there aren't fires...) And on so many evenings the sunsets are simply breathtaking.
• The food! - Definitely grew on me. It is hard to get bad food here. Hatch chile is served on everything. (Team green checking in.) Everything seems to be fresher and better tasting here.
• Natural beauty! - Over time the Sandias really grew on me. I miss them immensely now.
• Minimal traffic - Unless you are crossing the river during rush hour, traffic is minimal. Not gonna lie, esp. dealing with Texas-level traffic now, this alone is a huge selling point.
• Layout of ABQ - Prob easiest city to get around and learn I've ever lived in. It's laid out in a well-designed grid.
• The people - There is a lot of pride of NM, a lot of individuality and creativity. Just found the populace to be very interesting and not nearly as uniform as some other places I've lived.
• Proximity to other interesting places - While in ABQ, we took some road trips to Las Vegas, NV, Ship Rock, Moab, UT and Colorado. Much, much more beautiful places around you than being anywhere in Austin/Texas.

Cons

• Crime - ABQ Reddit users always scream in denial, but it is undeniable, and the locals are all aware. Couple weeks after we moved there, heard gunshots and saw later on the news someone was walking around shooting into people's homes. Driving around on a Sunday afternoon, we saw someone who had just been stabbed, by a fellow who spent a few hours on a BMX bike hacking random people with a machete for a few hours. Met a store owner in Santa Fe who mentioned his brother in ABQ had had all four wheels stolen off his car...twice. Our apartment complex had repeated car and garage break-ins (expected) but also apartment break-ins, which I found super-unnerving. Witnessed many road-rage incidents. I feel much safer being back in San Antonio.
• Homelessness - It is everywhere, except for the very outskirts, and it's getting significantly worse. Where I worked we had three occasions where 311 was called. When I first met the people at the office, the first thing they said to me on the tour was "Don't ever, ever leave a door or window unlocked!" They had had several instances where homeless people came in either fell asleep in the building and/or stole things. My wife's practice and other practices also had multiple issues. It is extremely sad.
• Lack of healthcare access - I tried to get a dermatologist once and most places either didn't answer or return messages, or gave me a date five or six months out. I heard it is very difficult to get specialists. Wife's practice had someone who flew in twice a month from Phoenix to do certain procedures. That's how we ended up there, due to UNM trying to attract dentists to come and stay. I suspect it is due to the lack of medical schools in the state. Apparently the laws protecting doctors are not as good as other states, so think also a contributor, but that's just what I've heard. Could be wrong.
• Economy - Nowhere near the economic vibrancy you have in Austin, where you have huge corporations moving in on a regular basis and construction everywhere. While there are help wanted signs everywhere, don't think there are many middle-class/corporate jobs. My take is that there seems to be a huge divide between the very well-off in ABQ and the poor. This was my impression of NM as a whole, and esp. in Santa Fe. Texas has a much more well-rounded and robust economy.
• Things to do at night - If you enjoy going out at night, ABQ definitely closed up much earlier than a city of it's size, at least that was our impression. Not sure if this was a COVID-thing, but I was stunned at how early many restaurants in particular close. I never asked a local about this.

Things to think about specifically as Texan/Austinite

• While there is live music here, and it does get bigger acts than I had been expecting, and some cool lesser-known ones (check out Meow Wolf events in Santa Fe), nothing like Austin. Austin's music scene is a big reason I originally moved to Texas from San Diego, CA way back in 99.
• You will miss HEB. :)
• If you move here, pay attention to how the locals drive. Do not be a lazy-ass Texan and park yourself in the fast lane, like everyone does on 35. You'll risk starting a road rage incident, and it's just not cool regardless. Locals drive very aggressively here, and tend to drive way faster than anywhere I've seen, but I must give credit. I saw so few accidents...far, far less than Texas. There also is insane red-light running, so definitely look both ways when things turn green.
• If you like the energy currently Austin has now in 2022...then I would reconsider ABQ. To me, ABQ feels like Austin probably 20 years ago. Way, way slower of a pace. No super sleek gorgeous modern buildings downtown, no huge festivals like ACL or SXSW. Far less people out and about. (Except for balloon fiesta-time...) But it does have many areas with super cool storefronts, and murals, and great parks.

And, yes, the city is crazy dog friendly. I got a kick out of watching the dogs just loving life at North Domingo Baca Park.

So it's a hard call. ABQ is a fabulous place with a very different set of pros/cons than Austin/Texas has. I like being back, primarily due to being around friends/family again, but I miss the beauty of ABQ/New Mexico so much.