Is New Mexico A Good Retirement State?

How does New Mexico rank for retirement?

New Mexico was 45th.

WalletHub says it considers three categories: affordability, health-related factors and overall quality of life.

New Mexico’s highest mark was in affordability..

Is it cheaper to live in Arizona or New Mexico?

One major difference is the population! Az has about 6.9 million vs NM at about 2 million. Therefor cost of living is much cheaper in NM. … New Mexico has higher altitudes in its big cities.

What are the worst states to retire in?

Here, in ascending order, are WalletHub’s top 10 worst states to retire to in 2020.Rhode Island.New Jersey. … West Virginia. … Tennessee. … Arkansas. … Mississippi. … New York. You can tour the Big Apple without retiring to the Empire State. … Louisiana. Come to Louisiana for Mardi Gras, jazz and Cajun cuisine, but not to retire there. … More items…•

What is the coldest month in New Mexico?

January 4The hottest day of the year is July 2, with an average high of 93°F and low of 67°F. The cold season lasts for 2.9 months, from November 20 to February 18, with an average daily high temperature below 56°F. The coldest day of the year is January 4, with an average low of 27°F and high of 48°F.

What is minimum wage in NM?

$9.00 per hourMost New Mexico businesses will see the state minimum wage increase and will be required to pay a minimum wage of: $9.00 per hour effective January 1, 2020 (previously $7.50 per hour effective January 1, 2009)

Is Arizona or New Mexico better for retirees?

New Mexico has the least expensive real estate. From a tax standpoint for retirees Nevada is the best choice, since it has no income tax. Arizona is next, with no tax on Social Security and the lowest income tax (although the highest property tax rate).

What is the most dangerous city in New Mexico?

Where Are The Most Dangerous Cities In New Mexico?RankCityPopulation1Gallup21,9802Belen7,0613Albuquerque560,2354Deming14,0946 more rows

What is the prettiest part of New Mexico?

The 10 Most Beautiful Towns In New Mexico, USASilver City. … Cloudcroft. … Ruidoso. … Truth or Consequences. … Madrid. … Aztec. … Las Vegas. … Mesilla. Situated to the west of Las Cruces, the lovely town of Mesilla has managed to retain its historic character and small town charm despite its proximity to New Mexico’s second biggest city.More items…

Are property taxes high in New Mexico?

New Mexico has some of the lowest property tax rates in the U.S. The state’s average effective property tax rate is 0.78%. The median annual property tax paid by homeowners in New Mexico is $1,272, about $800 less than the national median.

Is it cheaper to live in Nevada or Arizona?

According to the retirement community website 55 Places, Arizona has a cost of living that is 5% below the national average. … Nevada also has active adult communities and a low cost of living. That said, if you retire near Las Vegas, you may experience higher prices than other parts of the state.

Is New Mexico a poor state?

New Mexico’s poverty rate sits at 21.3 percent, just decimals behind Mississippi’s rate of 21.5 percent. Both are the only states to break above a 20 percent poverty rate. Nationally, 14.8 percent of Americans are living in poverty.

How much is a gallon of milk in New Mexico?

MarketsMarkets[ Edit ]Milk (regular), (1 gallon)2.59$Loaf of Fresh White Bread (1 lb)2.36$Rice (white), (1 lb)1.29$Eggs (regular) (12)2.05$10 more rows

Should I retire in Arizona?

Arizona is a lovely place to retire if you like warm weather and minimal yardwork. Many retirees also live in Arizona part time, heading to the southern areas for winter and living up north for the summer. Whether you plan to live full or part-time in Arizona, you’ll want to choose the right city.

Is New Mexico a good state to live?

New Mexico is a rather affordable state to live in. It is one of few states where the cost of living index is lower than the average national one. The overall index is 4% lower than the average one and the main factors in this are the cost of food and groceries as well as healthcare and transportation.

How much money do you need to live comfortably in New Mexico?

50 percent for necessities: $21,222. 30 percent for discretionary spending: $12,734. 20 percent for savings: $8,489. Income needed to live comfortably: $42,445 (down $1,450 from 2016)

What is bad about New Mexico?

Ranking the worst out of all 50 states in burglary, New Mexico sees more break-ins, armed robbery, and theft than anywhere else. … If that’s not bad enough, New Mexico also ranks the as the second worst in rape, third in violent crimes and property crime and thirteenth in murder.

How much does it cost to retire in New Mexico?

The cost of senior living in New Mexico is fairly consistent across the state, coming in at $3,500 per month for assisted living care, slightly higher than the national average.

What is a good salary in New Mexico?

Albuquerque, NM Average While ZipRecruiter is seeing salaries as high as $122,212 and as low as $18,422, the majority of salaries within the Average jobs category currently range between $44,481 (25th percentile) to $66,498 (75th percentile) with top earners (90th percentile) making $80,876 annually in Albuquerque.