It’s a natural shift, as New Mexico also boasts comfortable temperatures, sunny weather, and extraordinary natural vistas and outdoor attractions. Couple that with a low top state income tax rate, affordable housing and a cost of living lower than the national average, and it’s only natural that retirees would find New Mexico an attractive option.
Coined “The Land of Enchantment,” New Mexico is truly captivating; it’s natural wonders include shimmering deserts and looming mesas in the south, and craggy mountains and wild forests to the north.
Popular outdoor activities include hiking the many trails winding through the state’s parks and forests, skiing during the winter season, horseback riding and bicycling.
Con: High statewide poverty rate, cold winters in some regions
Best For: Outdoors lovers
Cost of Living: 3% lower than national average
Median Home Cost: $166,300
Top State Income Tax: 4.9%
Beyond outdoor activities, New Mexico is also a bastion for the arts, and many towns, like Santa Fe, are creative, vibrant strongholds with worldwide notoriety.
Many retirees also find themselves attracted to New Mexico’s Southwestern vibe, influenced by the Native American and Hispanic influences which have permeated the state for centuries.
Of course, there are negatives to living in New Mexico. The state is sparsely populated, and the poverty rate is 19%, well above the national average of 14%. Still, if you’re considering retiring in one of the larger towns, such as Santa Fe, the rates are lower.
Photo by Valerie Conners. All rights reserved. All statistics were up to date as of publication. See these sources for the most current data.