Is New Mexico a good place to move to?

Is New Mexico a good place 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 salary do you need to live 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.

What are the negatives of living in New Mexico?

High Crime Rate The crime rate in New Mexico is more than double the national average. There are several areas in New Mexico where you should be especially careful. Areas with high poverty rates tend to have the highest crime rates. Gallup, New Mexico, is considered to be the most dangerous city in the state.

Is it expensive to live in New Mexico?

An amount below 100 means New Mexico is cheaper than the US average. A cost of living index above 100 means New Mexico, New Mexico is more expensive….New Mexico cost of living is 88.4.

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.

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.

Why is New Mexico so cheap?

Bad state of the economy The state of New Mexico is considered a normal place to run a small business because there is no sales tax. And the prices for apartments and houses are much lower than the average American.

Is it cheaper to live in Arizona or New Mexico?

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.

Is it cheaper to live in Texas or New Mexico?

The higher cost of living in Texas doesn’t just apply to food and clothes. Housing is significantly more expensive there than in New Mexico. The median cost of a home in New Mexico is less than $200,000, while the median cost of a home in Texas is about $223,000.

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)

What should I know before moving to New Mexico?

15 Things to Know Before Moving to New Mexico

• New Mexico Is Rich In Culture & History. …
• The New Mexico Is Laid Back. …
• New Mexico’s Landscape Is Picturesque. …
• Adobe Is Used Everywhere. …
• Cost of Living Is Reasonable. …
• Hot Air Ballooning Is Very Popular. …
• Celebrations Are Always Happening. …
• Home prices are affordable in New Mexico.

Are Californians moving to New Mexico?

A record number of people are fleeing California, and a growing number are coming to New Mexico. From January to June 2020, our state ranked second behind Idaho as the state where significantly more people — 44 percent — are moving in than out, a Hire A Helper survey found.

What’s the cheapest city in New Mexico to live?

1. Deming. Deming tops our list of most affordable cities in New Mexico.

Why is Albuquerque so cheap?

Along with low property taxes, state income tax is 31% lower than the national average, making Albuquerque an affordable place to live.

Is New Mexico unsafe?

New Mexico has the lowest number of crimes of all the states but has the highest crime per 100,000 people in the nation. New Mexico also has the highest rate of car thefts per 1000 people in the nation.

Is it hard to find a job in New Mexico?

The New Mexico Workforce Connection plays host to several job fairs a month. The number of job fairs makes sense given the state’s unemployment rate of 6 percent — almost two percentage points above the national rate of 4.1 percent.

Are people moving out of NM?

Between 2010 and 2019, nearly 60,000 more people moved out of New Mexico than moved in to the state.

Is New Mexico the poorest state?

Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.