Overall
New Mexico, population 1.9 million in 2005, has the altitude, scenery, and beautiful towns that have attracted many baby boomers to retire in New Mexico - Land of Enchantment. Santa Fe is the capital and Albequerque is the largest city. New Mexico's cost of living can vary a great deal - Santa Fe tends to be much more expensive than other parts of the state. It has a rich Spanish and native American culture that adds charm and interest to the state.
The Wikipedia entry for New Mexico has more interesting facts.
The reviews on this site can help you narrow your choice about where to retire in New Mexico or other states - we have important information about real estate prices; what makes each community special and not so special; along with important facts about the cultural, economic, medical, and transportation infrastructure.
New Mexico Climate
The New Mexico climate is that of the steppe, characterized by aridity and an alititude above 3000 feet. Summers are hot and dry, there is plenty of sunshine. There is a lot of snow in the mountains.
Economy in New Mexico
New Mexico's per capita income at $26,200 is well below the U.S. average. Tourism is important to the economy. The median home in the Santa Fe area sells for $275,300 vs. the national median of $220,000; the cost of living index there is 110 (national index is 100). In Albuquerque the median home goes for $185,400 and the cost of living index is 95.
New Mexico Taxes
New Mexico has a 6% income tax. State sales tax is 5%. Total tax burden in Albuquerque is slightly below average, 7.7%, compared to the median rate for large U.S. cities.
Certified Retirement Communities
New Mexico does not have a certified retirement community program.
Best retirement communities in New Mexico
New Mexico has some of the top retirement towns in the U.S.; it also has many planned retirement communities. One of the best places to retire in New Mexico is the artists' commmunity of Santa Fe. Located high in the mountains, it boasts a thriving environment for the arts and outdoor activities, along with being one of the oldest cities in the Americas. Las Cruces is another charming but much less expensive option in southern New Mexico.
Albuquerque has a great year round climate and attractive setting. This livable town is host to the University of New Mexico. The ski resort of Taos is another interesting retirement town in the mountains.
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New Mexico retirement, check out the more than 200 listings on this site. Here is more inside information on retirement living communities in the neighboring states to help you retire in Oklahoma, Utah, Texas, Arizona, California,
and Colorado. These links provide insight and data into economic conditions, climate, top communities, and taxes.
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Click on the New Mexico Retirement Community reviews on the right. Or to find other state guides to retirement or more on types of retirement communities
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