Santa Fe was also chosen by Kiplinger as one of the “10 Great Places to Retire in 2015” and The NY Times listed it as one of the top 15 “dream towns” for retirement. These rankings consistently praise the strong and diverse economy of Santa Fe as well as the good infrastructure and connectivity to the outside world.
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What is it like to retire in Santa Fe New Mexico?
It’s a Great Place to Retire
The City Different features many desirable amenities for retirees: comfortable weather, relative seclusion, friendly people, and more. These luxuries are attractive to any potential resident, but there are more practical reasons why over 20% of Santa Fe’s residents are 65 or older.
Is it expensive to live in Santa Fe?
Santa Fe is 22.27% less expensive than New York (without rent). Rent in Santa Fe is, on average, 56.74% lower than in New York.
Cost of Living in Santa Fe.
| Restaurants | Edit |
|---|---|
| Imported Beer (12 oz small bottle) | 6.00$ |
| Cappuccino (regular) | 4.43$ |
| Coke/Pepsi (12 oz small bottle) | 2.42$ |
| Water (12 oz small bottle) | 1.79$ |
Is Santa Fe safe to live in?
According to the crime report the city of Santa Fe is safer than only 9% of U.S. Cities. Property crimes are on top of the list. The level of crime is ranked on the scale of one hundred points. Santa Fe property crime is 65, which is very high.
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.
Is it better to retire in Arizona or New Mexico?
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).
Are there bad neighborhoods in Santa Fe?
Crime Grades
The most dangerous areas in Santa Fe are in red, with moderately safe areas in yellow. Crime rates on the map are weighted by the type and severity of the crime.
What is the average price of a home in Santa Fe New Mexico?
DID YOU KNOW
| HOUSING | Santa Fe, New Mexico | United States |
|---|---|---|
| Median Home Cost | $470,000 | $291,700 |
| Home Appr. Last 12 months | 13.8% | 15.0% |
| Home Appr. Last 5 yrs. | 40.5% | 42.4% |
| Home Appr. Last 10 yrs. | 53.4% | 77.0% |
What is the average cost of a home in Santa Fe New Mexico?
Santa Fe cost of living is 115.4
| COST OF LIVING | Santa Fe | New Mexico |
|---|---|---|
| Grocery | 101 | 93.3 |
| Health | 82.1 | 82.6 |
| Housing | 164.5 | 83.6 |
| Median Home Cost | $470,000 | $246,000 |
What are winters like in Santa Fe?
Winter temps average 43 degrees F during the day, but dip into the upper teens at night. Because Santa Fe enjoys an average of 283 sunny days a year, winter snow accumulation is often short-lived in the city—all but the occasional icy patch melts shortly after it falls.
Is Santa Fe or Albuquerque better?
I would not consider Santa Fe a ‘better’ city than Albuquerque… each city has its virtues. Santa Fe is a more beautiful city in the southwestern tradition.Albuquerque is a more affordable option both for residents and travelers (Check out my post on things to do in Historic Old Town Albuquerque).
What is it like living in Santa Fe?
Living in Santa Fe offers residents a dense suburban feel and most residents own their homes. In Santa Fe there are a lot of restaurants, coffee shops, and parks. Many young professionals and retirees live in Santa Fe and residents tend to lean liberal.
Why is Santa Fe real estate so expensive?
In addition to people buying second homes and displacing locals, the mass conversion of houses and apartments into Airbnbs and other short-term rentals in recent years has likely been responsible for about 20% of Santa Fe’s housing cost increases, according to a 2019 study from Homewise, a housing organization.
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)
Does New Mexico have property tax breaks for seniors?
New Mexico seniors with a modified gross income* of $22,000 or lower may qualify for the personal in- come tax low-income comprehensive tax rebate and the property tax rebate (see “property tax” in this pam- phlet) reserved for persons 65 or older.
At what age do you stop paying property taxes in New Mexico?
age 65 or older
You were age 65 or older on the last day of the tax year. You were physically present in NM for at least 6 months of the tax year. You cannot be claimed as a dependent. You were a resident of New Mexico during the tax year.
What is the property tax rate in Santa Fe New Mexico?
Santa Fe County may be a good choice for you if you’re looking for low property taxes in New Mexico. The county’s average effective property tax rate is just 0.56%, which ranks as the 17th-lowest out of 33 counties in the state. At that rate, the annual taxes on a home worth $282,600 would be $1,570.
Is moving to New Mexico a good idea?
People love living there for the low unemployment rate, reasonable cost of living, and stunning views. You can find an entire list of the best towns in NM to live in here. What are the most unique things to do in New Mexico?
Is New Mexico a nice place to retire?
New Mexico is not only home to some gorgeous scenery and incredible restaurants, but it is also a terrific place to retire.While there are many cities throughout the Land of Enchantment to consider, here are seven that all individuals approaching retirement should consider.
Is it safe to walk in Santa Fe at night?
Yes– it is safe. Most stores close between 5 and 6pm but a (very) few stores stay open a little later -8 or 9ish. Yes, but take the same basic precautions you would take anywhere at night.
Is Santa Fe boring?
For locals, Santa Fe is boring and dull and tourists only make it worse. Santa Fe, NM, is a very culturally rich liberal town with lots of wonderfully spicy foods and many diverse art forms to see. It’s one of the major art meccas in the country with its pottery, sculpture, painting, and jewelry.
