Are You Moving To New Mexico?
The vibrant state of New Mexico is famous for its breathtaking terrain and diverse arts community. With a wide variety of activities and destinations, the land of enchantment truly has a lot to offer.
It’s no wonder that New Mexico is called the Land of Enchantment. Whether exploring ancient ruins, shopping for silver and turquoise jewelry, or just enjoying the ever-changing colors of the sky at sunset, New Mexico casts its charm on every visitor.
New Mexico is a constituent state of the United States of America. It became the 47th state of the union in 1912. New Mexico ranks fifth among the 50 United State states in terms of total area and is bounded by Colorado to the north, Oklahoma and Texas to the east.
New Mexico has some of the flattest land as well as some of the most rugged mountains in the country and it was described as The Land of Enchantment. The highest mountain peaks, Wheeler Peak and Truchas Peak are in the Sangre de Cristo Mountains in the north-central part of the state. The Rocky Mountains extend into the north-central part of the state.
With varied landscapes that range from red rock mesas to snow-capped mountains, New Mexico encapsulates all of the geological features that attract visitors to the American Southwest. No other state, however, has such a unique palette of light-infused colors, which is why so many artists call New Mexico home.
If you’re moving to New Mexico, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.
What Should I Know In 2021?
According to Economy Rankings by US News & World Report, New Mexico ranks #47 in the nation. The score depends on several subcategories: the business environment (#36), employment (#49), and growth (#46). The state’s GDP is $94.2 billion, and the median income is currently $25,311.
New Mexico’s economy is notoriously sluggish. The state currently has the second-highest unemployment rate in the country. That’s not to say that there are no jobs, but it’s a good idea to line up a job before moving to New Mexico rather than count on finding a job soon after moving to the state.
About one-half of its economy is based on the service sector, while much of the remainder is centered on extractive industries (mining and oil production).
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Traffic & Transportation
If you plan to limit your New Mexico trip to Santa Fe, it is completely feasible to get by without a car. It’s a confusing town to navigate given the 400 years of road planning involved. But travel anywhere else in the state and you will require your own set of wheels to get around. New Mexico is about as rural and as undeveloped as any state in America, so you will be left largely to your own devices in terms of transportation. A rental car will prove an invaluable asset once you hit the open road and start absorbing the incomparable natural scenery that permeates the state. Albuquerque’s airport has several major car rental firms to choose from, and all the roads are well-marked and fairly easy to navigate.
You can find taxis in both Santa Fe and Albuquerque, but few other cities in New Mexico have cabs. They never cruise around looking for fares so you need to keep a phone number or two handy to call for a pickup.
Cost of living
If you’re interested in buying a home after moving to New Mexico, the median home value in the state is $193,200.
New Mexico is a rather affordable state to live in. It is one of few states where the cost of living index is lower than the average national one. The overall index is 4% lower than the average one and the main factors in this are the cost of food and groceries as well as healthcare and transportation.
- Family of four estimated monthly costs are 2,789.89$ without rent.
- A single person estimated monthly costs are 795.16$ without rent.
- Albuquerque is 38.53% less expensive than New York.
- Rent in Albuquerque is, on average, 70.29% lower than in New York.
Moving to New Mexico
Things to Know When Moving To New Mexico
Moving is one of the most exciting and overwhelming events in our lives. While there are many moving companies and various different resources to choose from, there is only one Real Movers. If you are in the process of planning a long-distance move, and you are looking for a moving company you can trust, Real Movers is your perfect choice.