What is the cost of living in new mexico

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

50 percent for necessities: $21,222. 30 percent for discretionary spending: $12,734. 20 percent for savings: $8,489. Income needed to live comfortably: $42,445 (down $1,450 from 2016)

Is New Mexico expensive to live in?

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.

Is New Mexico a good state to live?

New Mexico is a rather affordable state to live in. It is one of few states where the cost of living index is lower than the average national one. The overall index is 4% lower than the average one and the main factors in this are the cost of food and groceries as well as healthcare and transportation.

What is a good salary in New Mexico?

Albuquerque, NM Average While ZipRecruiter is seeing salaries as high as $122,212 and as low as $18,422, the majority of salaries within the Average jobs category currently range between $44,481 (25th percentile) to $66,498 (75th percentile) with top earners (90th percentile) making $80,876 annually in Albuquerque.

What city in New Mexico has the highest crime rate?

Where Are The Most Dangerous Cities In New Mexico?

Rank City Violent Crimes Per Capita
1 Gallup 1,537
2 Belen 2,280
3 Albuquerque 1,364
4 Deming 1,000

Is New Mexico a poor state?

New Mexico’s poverty rate sits at 21.3 percent, just decimals behind Mississippi’s rate of 21.5 percent. Both are the only states to break above a 20 percent poverty rate. Nationally, 14.8 percent of Americans are living in poverty.

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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. Home prices are affordable in New Mexico .

Is it cheaper to live in Arizona or New Mexico?

One major difference is the population! Az has about 6.9 million vs NM at about 2 million. Therefor cost of living is much cheaper in NM . New Mexico has higher altitudes in its big cities.

Is New Mexico safe to live?

View the complete 2020 State of Safety report. New Mexico has the second-highest violent crime rate in the country—8.6 vs. 3.7 nationwide. The violent crime rate in New Mexico is one of the highest in the country—8.6 incidents per 1,000 people, compared to 3.7 across the country.

What is the prettiest part of New Mexico?

The 10 Most Beautiful Towns In New Mexico , USA Silver City. Cloudcroft. Ruidoso. Truth or Consequences. Madrid. Aztec. Las Vegas. Mesilla. Situated to the west of Las Cruces, the lovely town of Mesilla has managed to retain its historic character and small town charm despite its proximity to New Mexico’s second biggest city.

Why are there no basements in New Mexico?

Much of the ground is volcanic or rocky and tough to dig in. Other areas are super sandy and tough to keep the trenches open. It’s rather expensive to dig out a basement so most houses here are slab on grade – no basements .

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Where is the best climate in New Mexico?

For the cooler summers, look to high altitude places. East mountain suburbs of Albuquerque, Los Alamos, Taos, Ruidoso all fit the bill for the summer weather you mentioned.

What is the minimum wage in New Mexico 2020?

$9.00 per hour

What are the highest paying jobs in New Mexico?

Detailed List Of Highest Paying Jobs In New Mexico

Rank Job Title Average Salary
1 General Internal Medicine Physicians $280,620
2 Obstetricians And Gynecologists $258,380
3 Psychiatrists $240,350
4 Physicians , All Other; And Ophthalmologists, Except Pediatric $229,770

What are the most common jobs in New Mexico?

Top 100 Jobs Relatively More Common in New Mexico Than Elsewhere

Rank Job Local Popularity Index
1 Wellhead pumpers 27.0
2 Roustabouts, oil and gas 19.5
3 Electro-mechanical technicians 15.1
4 Healthcare practitioners and technical workers 11.7

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