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How is it living in New Mexico?
New Mexico can boast ones of the lowest prices for homes as their median price is 5% cheaper than the national one – it is only $187,000. Rental prices in the state are also rather affordable. The most expensive city to live in New Mexico is Santa Fe. The rental prices in Albuquerque are even lower – $841 and $735.
What do they make in New Mexico?
Silicon computer chips are produced in the state making this sector worth about 80% of the manufacturing industry. Another important product in this sector is telephone equipment. Chemicals, clothing, concrete, food products, petroleum products and printed materials are also produced in New Mexico.
What is New Mexico’s main source of income?
The state’s economic pillars are its natural resources, tourism, retail trade and federal government spending. Much of the state’s income is derived from oil and gas. The Permian Basin in New Mexico has more than 25,000 oil wells, including two of the 100 largest oil fields in the nation.
What is so great about living in New Mexico?
People love living there for the low unemployment rate, reasonable cost of living, and stunning views. You can find an entire list of the best towns in NM to live in here.
Is New Mexico rich?
In 2017 New Mexico’s gross domestic product was $94.2 billion. In 2017 the per capita personal income was $39,811 (ranked 48th in the nation)….Economy of New Mexico.
| Statistics | |
|---|---|
| GDP | $94.2 billion |
| GDP per capita | $39,811 (based on estimated 2017 population of 2,088,070) |
| Population below poverty line | 17.1% |
| Gini coefficient | 0.453 |
What is a good salary in New Mexico?
Average Salary in Albuquerque, NM
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $80,876 | $6,739 |
| 75th Percentile | $66,498 | $5,541 |
| Average | $64,351 | $5,362 |
| 25th Percentile | $44,481 | $3,706 |
Is it good to move to New Mexico?
Obviously, we adore New Mexico but, whenever we produce an article like “ 18 Reasons Living In New Mexico Is The Best – And Everyone Should Move Here ,” readers beg us not to encourage others to relocate.
How many people live in the state of New Mexico?
Given that New Mexico’s population hovers at a little over 2 million and there are roughly 318 million folks living in the U.S., most people haven’t gotten the memo that our state is an awesome place to live.
What’s the best thing to do in New Mexico?
New Mexicans get flak for being laid back, but with such affordable living, you can take time to enjoy life and savor your experiences. You can get your work done, and still have time to meet with friends for dinner and drinks. Isn’t that what life’s all about?
What are the only things that grow in New Mexico?
The only things that grow here are cacti and dust. We couldn’t possibly grow roughly a quarter of the country’s pecan crop or the best chiles in the world right here in New Mexico. 4. We have two temperatures: hot and hotter.