Is New Mexico A Good Place To Live?

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.

Where in New Mexico should you not live?

• 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)

Is it expensive to live in New Mexico?

What is the best area to live in New Mexico?

• 1) Los Alamos. …
• 2) Albuquerque. …
• 3) Rio Rancho. …
• 4) Corrales. …
• 5) Farmington. …
• 6) Artesia. …
• 7) Sante Fe. …
• Wrapping Up Some of the Best Places to Live in New Mexico. New Mexico is a melting pot of both cultural and natural effervescence.

Is New Mexico a safe place to live?

Unfortunately,

New Mexico is not one of the safest states in the nation

, recording the highest rate of property crime and 2nd highest rate of violent crime. … Yet, despite the city’s high level of property crime, Portales achieved a decent 2.01 per 1,000 violent crime rate that is a third of New Mexico’s state average.

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.

Why is nm so poor?

Poverty in New Mexico is mainly caused by

the lack of well paying opportunities

and unfavourable landscape for agriculture particularly in the rural areas.

What is a good salary in New Mexico?

Is it cheaper to live in Arizona or New Mexico?

The cost of living in Albuquerque, NM is

-12.0% lower than in Phoenix, AZ

. You would have to earn a salary of $52,772 to maintain your current standard of living. Employers in Albuquerque, NM typically pay -5.2% less than employers in Phoenix, AZ.

What city in New Mexico has the lowest cost of living?

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.

Which city has the lowest cost of living?

Wichita Falls, Texas

, was named the city with the lowest cost of living.

What is the poorest town in NM?

Deming, New Mexico

The typical household in New Mexico earns just $45,674 a year, nearly $10,000 less than the median household income nationwide. In Deming, the poorest town in New Mexico, the median income is just $26,044 a year.

What are the benefits of living in New Mexico?

• Unique culture and traditions. New Mexico is a state with a long history and a rather diverse ethnicity. …
• Beautiful nature. New Mexico has beautiful landscapes. …
• Warm climate. The climate is mild and continental. …
• Wines. …
• Long history. …
• 6. Entertainment and recreation.

Does New Mexico have 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. … Its

state income tax ranges from 1.7% to a maximum of 4.9%

.

Who is the richest man in New Mexico?