What should I know before moving to New Mexico?

Is New Mexico a good state to move to?

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 is the cons of New Mexico?

The Cons of Living In New Mexico

With the number of visitors increasing every year, Albuquerque has growing traffic congestion. Most of the city's traffic isn't bad. But, on Interstate 40, you can find yourself trapped in rush hour traffic. Traveling to the west side of Albuquerque can also be a real headache.

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.

Where in New Mexico should you not live?

Moving to Albuquerque, New Mexico? Top Thing To Know Before Moving or Visiting

Why is nm so poor?

The list, according to Wallin, include economic inequality, high rates of working poor, high unemployment rates, lack of funding for early childhood education, and lack of funding for higher education. And those are just a few of the underlying issues, Wallin said.

What is the safest town in New Mexico?

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.

Does New Mexico get snow?

Seasonal snowfall across New Mexico varies considerably, due largely to our unique topography. The lowest elevations are near 3,000 feet in the far southeast plains (around Jal), while the highest elevations tower above 13,000 feet (Wheeler Peak).

What is the cheapest and safest place to live in New Mexico?

Is it cheaper to live in Arizona or New Mexico?

New Mexico is 1.3% cheaper than Arizona.

Why you shouldn't move to Albuquerque?

New Mexico has the highest rate of property crime in the United States, driven in no small part by the situation in Albuquerque. This can be attributed to various socioeconomic factors in the city, including low education levels, a high unemployment rate, and higher levels of substance abuse in the population.

What are the perks of living in New Mexico?

What taxes do you pay in New Mexico?

New Mexico Tax Rates, Collections, and Burdens

New Mexico has a 5.125 percent state sales tax rate, a max local sales tax rate of 4.313 percent, and an average combined state and local sales tax rate of 7.84 percent. New Mexico's tax system ranks 28th overall on our 2022 State Business Tax Climate Index.

What is the coldest month in New Mexico?

Albuquerque's coldest month is January when the average temperature overnight is 23.8°F. In July, the warmest month, the average day time temperature rises to 92.3°F.

What is the best place to live in New Mexico?

Do people like living in NM?

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.

Is it cheaper to live in Texas or New Mexico?

Texas is 1.4% more expensive than New Mexico.

Are houses in New Mexico expensive?

Much of New Mexico enjoys low cost of living, but this is less so in Albuquerque. The combined cost of living in the city is in the $50,000 - $60,000 a year range, costing six percent more than average for the nation. The majority of cost comes to housing, which is an average of almost $20,000 a year.

Is New Mexico expensive?

New Mexico is renowned for its low cost of living, about 3.1% lower than the national average. The average home in New Mexico costs roughly $151,000.

Does New Mexico get tornadoes?

For the 30-year period ending in 2009, an average of 10 tornadoes occurred in New Mexico each year, and most were across the eastern plains. However, there has been considerable year-to-year variability. Most New Mexico tornadoes are relatively weak, and occurred in the afternoon and evening hours in the spring months.

Is New Mexico a humid state?

Most Humid States in the U.S.

States like Nevada, Arizona, Colorado, and New Mexico have relatively low humidity and arid climates.

Is New Mexico a good state for retirement?

New Mexico's vast lands are the perfect setting for a peaceful retirement. The mountains and the diverse landscapes add a beautiful view to the many things that make this state an ideal place to call home. NewHomeSource has rounded up the top 10 cities for retirees in New Mexico.

Is New Mexico safe to drive through?

New Mexico also has the highest rate of car thefts per 1000 people in the nation. New Mexico's violent crime rate of 822 per 100,000, and its property crime rate of 397, are both more than double the national average.

Is New Mexico poor?

New Mexico's poverty rate in 2019 was 18.2 percent, a decline from 2018 when it was 19.5 percent, but still the third highest in the country. The national rate was 12.3 percent. As seen in Exhibit 1, Mississippi had the highest poverty rate of 19.6 percent in 2019, while New Hampshire, at 7.3 percent, had the lowest.