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Home » United States » Is moving to New Mexico a good idea?

Is moving to New Mexico a good idea?

December 14, 2021 by Trevor Zboncak

This is a beautiful and laid-back state. It is a favorite place of senior citizens, who relocate there with a great pleasure, using senior moving services. The employment opportunities are growing while the cost of living in New Mexico is within the means of most families. It is close to both Texas and California.

Contents

Is New Mexico a good place to move?

A WalletHub study has compared the states on 52 indicators of livability and has determined that New Mexico ranks 50th as 2021’s best states to live in. The states were compared across five factors including affordability, economy, education and health, quality of life, and safety.

What should I know before moving to New Mexico?

15 Things to Know Before Moving to New Mexico

  • New Mexico is rich in history.
  • The New Mexico culture is laid back.
  • New Mexico’s landscape has inspired some great art.
  • Adobe is everywhere.
  • Hippies love New Mexico.
  • You can check out the view from a hot air balloon.
  • New Mexico is a purple state.

Is New Mexico a bad place to live?

(The Center Square) – New Mexico ranked as the worst state to live in out of all 50 states in an analysis by the consumer finance website Wallethub. The analysis used 52 metrics of livability to determine states’ ranks for 2021.Out of 50, New Mexico also ranked 48th for its economy and a 47th for its education.

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

The income needed to live comfortably in New Mexico is $42,445. 50% of this is for necessities, 30% is for discretionary spending, and 20% is for savings. According to Living Wage, a single person with no children can live off of $13.97 per hour in Mexico, or $26,880 a year.

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Is it cheaper to live in New Mexico or Arizona?

What many retirees are finding is better deals, say experts: The median home in New Mexico costs just $151,900 and the cost of living is 3.1% lower than the national average. That makes much of the state far less expensive than Arizona’s most famous retirement havens.

Where in New Mexico should you not live?

Here Are The 10 Most Dangerous Towns In New Mexico To Live In

  • Roswell (population 48,623) Flickr/Clinton Steeds.
  • Hobbs (population 34,543) Flickr/Chuck Coker.
  • Albuquerque (population 553,684)
  • Silver City (10,285)
  • Socorro (population 9069)
  • Taos (population 5722)
  • Farmington (population 45,328)
  • Artesia (population 11,389)

Are there tornadoes in New Mexico?

New Mexico averages about 10 tornadoes in a year. One of the more significant tornado outbreaks occurred on May 23, 2010 across eastern Union County. New Mexico experiences mostly weak, short-lived tornadoes. Strong tornadoes, while rare, are possible and occur about once every 10 years.

Does New Mexico have a state income tax?

New Mexico is among the “tax-friendly” states of the U.S., offering numerous economic incentives and tax breaks on personal and corporate income. It does not have inheritance tax, estate tax or franchise taxes.Its state income tax ranges from 1.7% to a maximum of 4.9%.

Is New Mexico the poorest state?

New Mexico
New Mexico tops the five poorest U.S. states. New Mexico’s median household income is $51,945, and its poverty rate is 18.2%, the third-highest in the country.

Why is Mexico the worst place to live?

While Mexico is a popular vacationing destination, especially for U.S. tourists, the country has many dangerous areas and cities that should be avoided. Mexico is currently dealing with drug trafficking, organized crime, political corruption, violence against journalists, violence against women, and more.

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Where do wealthy people live in New Mexico?

According to the report, the wealthiest city in New Mexico is Corrales Village. Here are some Corrales Village statistics: Median household income: $85,580 (24.6% more than U.S. median income) Households earning over $200,000: 612 (16.5% of households)

What is a livable salary in New Mexico?

Living Wage Calculation for Bernalillo County, New Mexico

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 2 Children
Living Wage $13.87 $19.78
Poverty Wage $6.13 $6.30
Minimum Wage $9.00 $9.00

What are the pros and cons of living in New Mexico?

Then consider these pros and cons of living in New Mexico before you do:

  • Rich in culture.
  • Good food and wine.
  • Plenty of recreational options.
  • An abundance of natural beauty.
  • Low cost of living.
  • Lackluster economy and job opportunities.
  • Poor quality K-12 education system.
  • Bad roads.

Does New Mexico get a lot of snow?

Average annual snowfall ranges from about 3 inches at the Southern Desert and Southeastern Plains stations to well over 100 inches at Northern Mountain stations. It may exceed 300 inches in the highest mountains of the north.

Is New Mexico underrated?

Let’s face it, New Mexico is a shoo-in for the title of “Most Underrated State” because an alarming number of our fellow citizens don’t even realize that the Land of Enchantment is one of the United States.Many of the oldest sites in the country are located in New Mexico.

Is New Mexico retirement friendly?

New Mexico is moderately tax-friendly toward retirees. Social Security income is partially taxed.Wages are taxed at normal rates, and your marginal state tax rate is 5.90%. Public and private pension income are partially taxed.

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What is the best town to live in New Mexico?

Best Places to Retire in New Mexico

  • Taos. This desert town in northern New Mexico is an outdoor lover’s dream.
  • Placitas.
  • Silver City.
  • Santa Fe.
  • Ruidoso.
  • Los Alamos.
  • Aztec.
  • Corrales.

What is the biggest problem in New Mexico?

The most intractable problem New Mexico faces is poverty. From low birth-weight babies to violent crime, poverty is either a cause, an effect or a complicating factor in the state’s many dysfunctions.

Why you shouldn’t move to Albuquerque?

Property crime and car theft are risks. Crime is persistent no matter what part of town you live in, from the fancy foothills to the historic downtown.Violent crime, too, is more common in Albuquerque than elsewhere. Sadly, the city is ranked fifth in the nation for violent crime, according to the federal government.

What is the safest city in New Mexico?

Los Alamos
New Mexico’s safest city is Los Alamos, earning a very high 0.98 Safety Index score that dwarfs those of every other community in the state.
Safest Cities in New Mexico, 2019.

Rank City Safety Index
1 Los Alamos 0.98
2 Portales -0.02
3 Alamogordo –0.07
4 Santa Fe -0.17

Filed Under: United States

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About Trevor Zboncak

Trevor Zboncak is a bit of an old grump, but he's also one of the kindest people you'll ever meet. He loves to travel and see new places, but he's not a fan of airports or long flights. Trevor has been all over the world, and he has some amazing stories to tell. He's also a great photographer, and his pictures will take your breath away.

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