Retirement Living In New Mexico

Date:

Estimated Cost Of New Mexico Senior Housing

Ajijic Lake Chapala Mexico Long-term care, retired expats nursing homes.

Figuring out the cost of living is always something good to do before moving anywhere. When it comes to senior living in New Mexico, the cost of living is a bit more than some other states, but still not too expensive.

If you know an elderly New Mexico resident who is healthy, doesnt need around-the-clock supervision, and who can be active, they might be best moving into independent senior living. There are over 70 of these facilities in the state of New Mexico. The cost ranges from $1,000 to $3,400 per month. There are also plenty of apartment-style options if your loved one would rather live in New Mexico senior apartments. These often feature Jacuzzis, pools, small fitness centers, trails, and other things for the residents to enjoy.

Assisted living is another option for elderly adults in the state of New Mexico. There are over 250 New Mexico assisted living facilities. With this type of living, seniors can expect to receive various services such as housekeeping, transportation, laundry, meal preparations, security surveillance, and more. The cost of staying in assisted living homes or facilities ranges from $1,900 to $6,200 per month. The cost can vary greatly by the location of the assisted living facility. The cheaper options are in areas such as Albuquerque and the more expensive ones are in areas such as Santa Fe.

It Is Rich In Scenery

Retirement is a blissful affair that ought to feel like a permanent vacation, where one can reward themselves with endless picturesque experiences. Fortunately, New Mexico boasts a broad range of stunning natural scenery.

From the white sands covering its sprawling desserts to clear skies that offer breath-taking views of the night sky, New Mexico will fill your days and nights with child-like wonder. Some of the places deserve a visit include Ghost Ranch, Valles Caldera, Carlsbad Caverns, the Tent Rocks, the Blue Hole, and Bandelier, to mention a few.

Always Something To Do

What happens when the power is in the hands of the residents? A robust social calendar with entertainment, education and volunteer opportunities that you actually are interested in. La Vida Llena is proud to offer an ever-changing event schedule based on the requests and desires of the community.

Enjoy an active lifestyle with your new friends in the community doing the things you love. The full life retirement with peace of mind that you will be taken care of with aging in place and nursing home assisted living care, often without leaving your apartment.

Also Check: T Rowe Price Retirement 2010 Fund

Recreation Culture & Entertainment

Recreation, culture, and entertainment center around the incredible landscapes of New Mexico with the most popular places to visit being Big Room Caverns and Caves, and Philmont Scout Ranch, Kasha Katuwe Tent Rocks National Monument, the Canyon Trails, Pueblo Bonito and the Carlsbad Caverns National Park.

New Mexicos weather allows for residents to enjoy the many hot springs, geysers, scenic drives, ancient ruins, and national parks year round. There are many options for day trips, sightseeing, dining, and shopping for New Mexico residents.

Affordable Education Living In New Mexico

Ravenna Assisted Living in Albuquerque, NM (New Mexico)

Next, heres another great way to save money in New Mexico.

Since it is one of the few states. Where higher education wont bankrupt you.

Because in-state college tuition is much less. Versus other places in the country.

Consider these New Mexico schools:

  • University Of New Mexico

Where 4-year college degrees. Can be had. For much less than schools in most other states.

According to Move.org, New Mexicos in-state tuition is 2nd lowest in the country.

Bested only . And going to school there.

Also Check: Can You Contribute To 401k After Retirement

Senior Living In New Mexico

Your new senior living adventure is waiting in New Mexico. This state is a melting pot of cultures, ethnicities, and cuisines creating a wonderful setting to enjoy your retirement life. But whats even better is that New Mexico offers a relatively low cost of living compared to surrounding states, which means your money will go further. A philosophy that we believe in at Brookdale.

At Brookdale, we aim to offer affordable living options so seniors can enjoy a quality experience within their budget. Many of our Brookdale communities are located in Albuquerque, which provides everything from great shopping to fine restaurants. But we also offer other locations throughout New Mexico. Dont wait start enjoying life at a Brookdale community in beautiful New Mexico.

What Are The Benefits Of Living In New Mexico

  • Amazing weather: Nearly every day is a sunny one in New Mexico, as it has three hundred days of sunshine out of the year. More sunshine means no more rain, snow, or blistery cold days, and more time to enjoy.
  • Rich, vibrant culture: New Mexico is a delicious melting pot of history and culture. In nearly every city youll discover connections to Americas history and find the love of their heritage and culture through the festivals, museums, and amazing food.
  • Plenty to keep you occupied: From road trips along the scenic byways of New Mexico discovering old ghost towns, to traveling the historic patch of Americas past on Route 66. You can explore everything New Mexico has to offer from its vibrant art scenes, to tasting tours through over forty vineyards in New Mexicos wine country.
  • The healing outdoors: For those who love the outdoors, New Mexicos vast diverse landscape is for you. From mountains you can ski to over fifty national forests, national parks, and state parks there is something for everyones tastes. Find healing relief in the spas and natural hot springs located throughout New Mexico. And stargazers take note of New Mexicos many Dark Sky Parks, which present some of the best, unobstructed views of the night sky youll ever see.

You May Like: Tax Deferred Annuity Retirement Plan

Retirement Communities In New Mexico Defined

Some may wonder how New Mexico retirement communities differ from other forms of adult living such as nursing homes, memory care, and assisted living. Nursing homes are more for adults who have a chronic disability and need skilled nursing care around the clock. Memory care is established for those adults with Alzheimers, so they can live in their home or with their relatives for as long as possible. Assisted living homes are for adults who need assistance with medications, dressing, bathing or cooking, but who otherwise can live on their own.

In New Mexico retirement communities, the focus is on independent living. This means that the occupants can come and go on their own schedule. Its very much like living in a gated community however, the houses are smaller so they are easier to keep clean. These adults are active and do not

Find Senior Living

Top 10 Senior Living Options In New Mexico

Top 10 Best Places To Live & Retire Comfortably In Mexico

Tres Hermanas is a retirement community situated at 6104 Mckinney Dr Ne, Albuquerque, New Mexico, 87109 zip code that includes amenities such as emergency pull cords, a resort-style lobby and renovated studio/bedroom apartments. Tres Hermanas provides a total of 7 senior living units for Albuquerque, NM residents.

293 Senior Housing Options in New Mexico

SeniorLivingNearMe.org offers free assistance in finding local assisted living facilities, memory care homes, dementia care homes, Alzheimer’s care facilities, 55+ and 62+ senior living communities, nursing homes, retirement homes, residential care facilities, board and care homes, adult foster care, continuing care retirement communities and other senior housing options.

Don’t Miss: Retirement Planners Of America Plano Tx

Convenient Access To Healthcare And Other Amenities

The state provides ready access to healthcare services, a crucial factor for the retiree demographic. New Mexico has 11 Critical Access Hospitals, 17 Rural Health Clinics, 107 Federally Qualified Health Center sites located outside of Urbanized Areas, and 20 short-term hospitals located outside urbanized areas.

Although New Mexico is sparsely populated,theres no shortage of convenience stores, diners, drive-ins, restaurants, and gyms around the settled areas. It also has its fair share of hotels and motels.

There are also many retirement communities offering both assisted and independent living conditions at an average estimate of about $3,500 per month.

The Rocky Mountains Of New Mexico

Finally, this state has mountain ranges. They are part of the Rocky Mountains.

There is the Sangre de Cristo Mountain range. Where Wheeler Peak can be found. The highest point in New Mexico.

And to the west of the Rio Grande. Are the Nacimiento and Jemez Mountain ranges.

Thus, New Mexicos landscape. And lack of population density in this state. Allows easy access to mountainous areas.

Where you can enjoy the view from a different angle. That will take your breath away!

And best of all. New Mexico enjoys warm sunny weather. From spring through fall.

So, there is no excuse for staying in. Get out and enjoy the natural beauty here.

Next, one of the very important reasons to live in New Mexico

Don’t Miss: Bfi Retirement Plan Pension Center

The High Altitude Can Be A Challenge

The last con has to do with New Mexicos high altitude, which can be a large adjustment for some. For those who currently live within low altitude environments, moving into high altitude can cause altitude sickness.

While this only takes a few weeks to become accustomed to, it is a factor you should be aware of if you are relocating from low to high altitudes. While the high altitude can be beneficial to others health and well-being, some may prefer lower altitudes in order to protect their breathing.

This is another factor to be mindful of beforehand, especially for those who currently reside within lower altitudes.

Best Places To Retire In New Mexico

Mi Casa Bonita
  • Rating 5 out of 5 1 review
  • Former Resident: I have thoroughly enjoyed living in this part of Albuquerque, out of all the varying neighborhoods. It is a peaceful, quiet neighborhood, that is full of pleasant people. Aside from the lovely residents, the view is completely breathtaking! The sunsets are especially beautiful…. Read 1 review

    #1 Best Places to Retire in New Mexico.

    You May Like: How The Retirement Is Calculated

    The Cost Of Living Is Low

    New Mexico is well known for its low costing of living, which is 3.1% lower than the average in the United States. Compared to many other popular retirement states, the cost of living in New Mexico is quite low.

    This applies to a lot of different factors, such as housing, transportation, and groceries. Depending on what city you plan on residing in, some New Mexico cities have such a low cost of living that retiring while only receiving money solely from Social Security is achievable.

    You can even narrow your search to some of the most affordable and cost-friendly counties in New Mexico. For those who may be receiving less income during retirement, this may be an ideal spot for you.

    Why Retire In New Mexico

    Considering theres nearly three hundred days of pure sunshine a year, New Mexico may be one of the best places to retire. With its low cost of living, nearly 3.1% lower than the national average, and with a lower population than most other retirement states, there will be more space to feel free and enjoy. From the vibrant art communities of Santa Fe and Silver City to the culinary cuisines of Taos, or the healing natural hot springs. Youll find theres much more to New Mexico than you thought.

    Don’t Miss: Texas Employee Retirement System Health Insurance

    Rent Prices In New Mexico Vs Texas

    In the United States, there are twenty-one states that have average rents under $1,000 per month. At just $844 per month for 2021, New Mexico has the 15th-lowest average monthly rent in the country. In fact, the state can be considered one of the more affordable locations for renters. Generally speaking, states with the lowest average rental rates tend to also have low overall costs of living, and this is certainly true for New Mexico.

    With that said, refer to the following table for the average monthly rent in some of the various cities across the state of New Mexico:

    City
    Los Ranchos de Albuquerque, NM $1,077

    From 2019 to 2020, average rental rates dropped in 12 states in the U.S., with Texas included. At just $1,045 statewide, average monthly rental prices in Texas cities are typically below the national average. Like New Mexico, rents vary across the state of Texas based on where you live. For instance, Flower Mound, Texas has the most expensive rates in the state at $1,685, while the city of Brownsville is the most affordable place for renters in Texas, at just $730 a month. Though, rents are still cheaper overall in New Mexica than Texas.

    The table below displays a more detailed look at the average rent you can expect in some of Texas major cities:

    City
    $1,303

    New Mexicos Rio Grande River Valley

    LA PUEBLITA âTHE FIRST WORLD CLASS SENIOR LIVING COMMUNITY in MEXICO â LAKE CHAPALA âAJIJIC

    Furthermore, the Rio Grande river valley sits in the central part of New Mexico. Stretching from Colorado to the north. Heading south into the state of Texas.

    And giving rise to the amazing Rio Grande gorge. Located in Northern New Mexico.

    This river valley contains a wide variety of landscapes. Including desert, plains, forests, meadows, mountains, and cliffs.

    Recommended Reading: Oak Park Retirement Salisbury Nc

    The Benefits Of Living In New Mexico

    First of all, this state has a lot of character. That is low-key. With a rich culture of a bygone era.

    Those things alone may make New Mexico just what you are looking for!

    Furthermore, the states landscape is amazing. Making for a lot of great things about New Mexico to explore, do, and see.

    While eating and drinking along the way. Some of New Mexicos amazing and unique offerings.

    Best of all? Life in New Mexico can be yours. For an affordable price of living.

    On the other hand, I want you to go in with your eyes wide open.

    And understand the negatives that exist in The Land Of Enchantment..

    Windy Dry Weather At Elevation

    Although this state has many pleasant, warm, sunny days. To enjoy in and around New Mexico. Be aware that the weather can be a little challenging.

    First, its very dry. With little humidity.

    And can be windy at times. Making for dry dusty conditions.

    Peak summer days can be very hot. And the winters are cold with plenty of snow in the higher elevations.

    And speaking of elevations, be ready for it.

    Since cities like Santa Fe and Taos are approximate 7,000 feet above sea level.

    And significantly higher than The Mile High City of Denver. Just several hours of driving to the north. In case you are impacted by altitude sickness.

    Okay. That wraps up 10 things to know about New Mexico.

    So, lets conclude with a summary.

    Also Check: Should I Use My Retirement To Buy A House

    The 10 Best Places To Retire In New Mexico For 2022

    Why did Las Vegas take the top spot? And where are Albuquerque and Farmington?

    It wasn’t easy to narrow down the best spots to retire in New Mexico. But by looking for the places with low cost of living and crime rates, combined with the best weather, activities, and access to the airport, we determined where folks can find the most fulfillment in their retirement.

    What’s the best place to retire in New Mexico for 2022? According to the latest data, Las Vegas is the absolute best place in the state for retirees.

    If you’re a little worried that New Mexico is too far from the family, be sure to look for overlap between this list and our list of best cities to raise a family. It could just be a win-win for every generation.

    Didn’t see the city you were looking for in the top ten? Check out the list below to see how each city ranked for retirement.

    For more New Mexico state reading:

    We then ranked each of these places for each criteria from one to 10, with the lowest number being the best.

    Finally, we took the average rank across these criteria. The place, in this case Las Vegas, with the lowest average rank was crowned the best of the best, a place for you to start your second careers. .

    Experience An Unforgettable Retirement In New Mexico

    Is Safety a Concern in Retiring in Mexico?

    Despite what the name New Mexico conjures when we think of retirement, the Land of Enchantment is more than just sprawling desert. The fifth largest state in the country is well known for its breathtaking landscapes, wide-open space, spicy chiles, and rich cultural heritage. Whether youre exploring the breathtaking vistas of Rio Rancho, the deep caverns of Carlsbad, or the history-soaked streets of Albuquerque. New Mexico has sun-kissed surprises awaiting you around every corner.

    You May Like: Kiplingers Best Places To Retire

    Traditions Of New Mexico Living

    New Mexicos history and diversity make for many traditions. In architecture, art, food, music, language, and religion.

    They are a significant part of the states character. And many of them have been passed down through generations.

    You will see in the states distinctive

    • Old adobe homes

    As well as in the many traditional festivals and celebrations. Held in New Mexico each year.

    And another one of the best things about New Mexico

    New Mexico Retirement Guide

    Overall

    This is your retirement guide to New Mexico, population slightly under 2.1 million in 2018. Median age is 37.3 and 15.8% of the population is over 65. The Land of Enchantment has the altitude, scenery, and beautiful towns that have attracted many baby boomers to the many best places to retire in New Mexico. Santa Fe is the capital and Albuquerque 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. Updated Jan. 2020.

    New Mexico Climate The New Mexico climate is that of the steppe, characterized by aridity and an altitude above 3000 feet. Summers are hot and dry, there is plenty of sunshine. There is a lot of snow in the mountains.

    Economy and Home Prices in New Mexico New Mexico’s median 2010-14 household income at $44,968 was almost $9000 below the U.S. average. New Mexico had the 23rd lowest cost of living of all the states . Tourism is important to the economy. According to Zillow, the statewide median home value in late 2019 at $203,600 was below the national median of $246,000. The median home in the Santa Fe area was valued in 2019 at about $398,400 . In Albuquerque the median home went for $228,900 in late 2019 .

    New Mexico Taxes

    The New Mexico income tax has marginal rates from 1.7% to 4.9% .

    You May Like: Ridgecrest Retirement And Health Care

    Share post:

    Popular

    More like this
    Related

    Sign Up For Ssi Retirement

    Do Social...

    Empower Retirement 401k Loan Repayment

    Fidelity Vs...

    4 Percent Rule Retirement Calculator

    Rule Of...