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Is New Mexico considered a poor state?

New Mexico has a poverty rate of 16.2%. Nearly a quarter of the state's children are living in poverty. Unfortunately, New Mexico's public schools are ranked the worst in the U.S., with the second-highest dropout rates of any state. Only 73.9% of students in the state graduate on time.

Is New Mexico worth living in?

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.

Is New Mexico expensive to live in?

Low Cost of Living 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.

Are people in New Mexico rich?

There are plenty of reasons for this. Way under 1 percent of the country's population lives here. According to just-released U.S. Census Bureau figures, New Mexico has the country's second lowest annual median household income, $25,991, just $177 above bottom-place Arkansas.

What salary 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.

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