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Moving to New Mexico in 2024? Complete Moving Guide
This is a complete guide for Moving to New Mexico.
Get all the information you need to know about moving to New Mexico.
Are you thinking of moving to New Mexico?
Relocation refers to moving your life from one place to somewhere new that offers a better living and lifestyle. When you move to New Mexico you will enjoy the natural beauty of the state with rich cultural heritage. The state has a lot to offer, but it has a few challenges. New Mexico offers an affordable cost of living as compared to other states. The state has a unique blend of traditions from Native American, Hispanic, and Anglo cultures. The New Mexicans are known for their welcoming nature and warm hospitality. The state job market is improving and there are limited jobs in some fields. There is more to learn about the state before moving and this moving guide will answer all your questions.
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New Mexico Demographics
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Quick Facts of New Mexico
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Top reasons to move to New Mexico
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Pros & Cons of Living in New Mexico
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Best Places to Live in New Mexico
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Best Neighborhoods in the New Mexico
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Cost of living in New Mexico
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Major industries in New Mexico
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Top Career Options in New Mexico
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Best things to do in New Mexico
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Education System in New Mexico
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Type of insurance required in New Mexico
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Taxes in New Mexico
What are the demographics of New Mexico?
New Mexico is one of the most diverse states in the United States. With a majority-minority population with the highest percentage of Hispanic or Latino residents in the nation. The state has the second-highest population of Native Americans. New Mexico tends to have a younger population than the other states. Here is a statistical data for the demography of New Mexico-
Male vs Female Population of New Mexico
| Gender | Population | Percentage |
|---|---|---|
| Male | 1,050,000 | 49.84% |
| Female | 1,060,000 | 50.16% |
Population distribution by Ethnicity in New Mexico
| Ethnicity | Percentage |
|---|---|
| White | 60.4 |
| White | 1sdgdgsdg |
| Black or African American | 2.4 |
| Hispanic or Latino | 48.3 |
| Asian | 5.2 |
| American Indian and Alaska Native | 9.2 |
| Native Hawaiian and Other Pacific Islander | 0.1 |
| Two or More Races | 14.4 |
What are some quick facts about New Mexico?
Let us explore some interesting and unique facts about New Mexico-
- The Land of Enchantment is the nick for New Mexico
- The largest city in New Mexico is Albuquerque
- The capital of New Mexico is Santa Fe
- Roadrunner is the state bird of New Mexico
- One of the world’s largest underground cave systems- Carlsbad Caverns National Park is located in New Mexico
- Spanish is the widely spoken language in the state
- Hatch in New Mexico is famous for green chile peppers
- Pluto was discovered by Clyde Tombaugh who was from New Mexico
- Santa Fe, New Mexico is claimed to be the inventor of the Breakfast Burrito
- World’s largest hot-air balloon festival is hosted by Albuquerque
What are the top reasons to move to New Mexico?
New Mexico offers a unique blend of beauty and culture. If you are planning to move to New Mexico, you can consider the following reasons to be there-
- Cost of living- The state offers a lower cost of living than the other states, and the residents can enjoy a higher quality of life.
- Housing Market- The housing market in New Mexico is highly affordable, and you can get a wide range of types of houses.
- Job Market- The economy of New Mexico is growing, and there are abundant job opportunities in technology, film, and renewable energy.
- Outdoor Fun- New Mexicans can enjoy numerous outdoor activities including hiking, camping, and more throughout the year. The state is home to world-renowned parks like White Sands and Carlsbad Caverns.
- Culture- The residents of New Mexico can indulge in the thriving art community and the ancient historic sites.
- Pace of Life- The residents of New Mexico enjoy a slower pace of life. The people are friendly and are known for their hospitality.
- Climate- The state experiences mild weather throughout the year, and residents can enjoy the sun's warmth.
What are the Pros and Cons of living in New Mexico?
When you move to a new city or state, you only learn about the best features of the place. But, there are many negative factors about the place that you need to explore. We have listed all the pros and cons of living in New Mexico-
| Pros of living in New Mexico | Cons of living in New Mexico |
|---|---|
| Home to diverse landscapes ranging from deserts to mountains | Water scarcity is persistent issues in the state |
| Offers affordable cost of living and housing as compared to other states | The state has arid climate with hot summers and cold winters |
| The economy of the state is growing with emerging sectors like technology and film | The education system is challenging especially in rural areas |
| The state has a blend of Native American, Hispanic and Angle influence | Job opportunities are fewer in some sectors |
| New Mexicans are friendly and enjoy slower pace of life | The crime rates are higher in the state |
What are the best places to live in New Mexico?
Finding a new home in a new state is challenging, but if you know statistics about the place, you can get the best place for you and your family.
In this section of the moving guide, we have listed the details about the top cities of New Mexico, their population, median home value, and unemployment rate.
| City | Population (approx.) | Median Home Value (approx.) | Unemployment Rate (approx.) |
|---|---|---|---|
| Albuquerque | 560,000 | $350,000 | 3.6% |
| Las Cruces | 115,000 | $285,000 | 4.2% |
| Rio Rancho | 110,000 | $320,000 | 3.8% |
| Santa Fe | 89,000 | $450,000 | 3.5% |
| Roswell | 47,000 | $180,000 | 4.5% |
Tip: When you've got a home to move in New Mexico, getting the best moving quote will be your goal. Request moving company quotes to save on moving cost.
What are the best neighborhoods in New Mexico?
A new state means a new environment to live, grow, and flourish. When you move to New Mexico, you will find a new neighborhood to make a home. In this section you can explore the list of some of the best neighborhoods in the state-
- Rio Rancho- It is considered one of the best places to raise a family and has some good schools. This neighborhood has a suburban feel with a lower crime rate and ample parks.
- Los Ranchos de Albuquerque- This neighborhood of New Mexico offers a charming village atmosphere and is known for friendly neighbors, proximity to the city, and good schools.
- Las Cruces- This neighborhood is located outside Albuquerque and boasts a lower cost of living, a family-friendly environment, and good schools.
- Santa Fe- It is the capital of New Mexico which offers a good environment for singles, couples, and families. Eldorado is an area in Santa Fe with family-friendly surroundings and good schools.
- Sandia Heights- This is an upscale neighborhood with excellent schools, a strong sense of community, and easy access to amenities.
What is the cost of living in New Mexico?
Before moving to a new state, it is important to learn about the cost of living in that state. If you are moving to New Mexico, you must know about the cost of housing, groceries, transportation, and more before moving there. Here is the breakdown of the cost of living in New Mexico-
Cost of Living by Categories in New Mexico vs USA
| Category | New Mexico (vs USA) |
|---|---|
| Housing | 100.0% |
| Utilities | 90.0% |
| Transportation | 95.0% |
| Groceries | 98.0% |
| Healthcare | 92.0% |
| Miscellaneous | 96.0% |
Median House Price in New Mexico vs USA
| Location | Median House Price |
|---|---|
| New Mexico | $292,280 |
| USA | $347,716 |
Median Rent Price in New Mexico vs USA
| Location | Median Rent Price |
|---|---|
| New Mexico | $1,100 |
| USA | $1,795 |
Housing Market in New Mexico
The New Mexico housing market is experiencing a shift like increase in the interest rates and inventory levels. According to the reports by New Mexico Housing Market, the New Mexico housing market has shown consistent growth over the years. Mortgage rates are higher which affects the buyer's affordability and market activity.
Average Rental Cost in New Mexico
New Mexico offers affordable rental options and the cost of rent can vary according to the city, neighborhood, and property type. The rental prices are lower than the national average.
Median Home Value in New Mexico
The median home value in New Mexico is lower than in other states. The home values can vary according to the city, neighborhood, and property type.
How is the job market in New Mexico?
The job market in New Mexico has shown an improvement in recent years. It shows significant job growth in several sectors. The economy is expanding resulting in new job opportunities. Here is a breakdown of details about the job market in New Mexico-
Median Income in New Mexico vs USA
| Location | Median Household Income ($) |
|---|---|
| New Mexico | $48,000 |
| United States | $67,500 |
Unemployment Rate in New Mexico vs USA
| State | Unemployment Rate (June 2024) |
|---|---|
| New Mexico | 3.9% |
| United States | 3.6% |
Major Industries in New Mexico
The economy of New Mexico is diverse, and there is a wide range of industries both traditional and emerging. Check out the top industries of New Mexico-
- Ranching
- Agriculture
- Mining
- Renewable energy
- Aerospace and defense
- Film
- Tourism
- Technology
- Education
- Government
Top Career Options in New Mexico
With a growing economy and job market, New Mexico has many opportunities for skilled professionals. Here are the statistics for different career options in New Mexico with their average salary, entry-level salary, and number of employees-
| Career | Average Salary | Entry-Level Salary | Number of Employees |
|---|---|---|---|
| Software Engineer | $110,000 | $75,000 | 15,000 |
| Registered Nurse | $75,000 | $55,000 | 30,000 |
| Accountant | $65,000 | $45,000 | 12,000 |
| Teacher | $50,000 | $35,000 | 25,000 |
| Construction Worker | $55,000 | $35,000 | 20,000 |
| Sales Representative | $60,000 | $35,000 | 18,000 |
| Customer Service Representative | $35,000 | $25,000 | 22,000 |
| Administrative Assistant | $30,000 | $22,000 | 25,000 |
| Food Service Worker | $25,000 | $20,000 | 30,000 |
| Retail Salesperson | $25,000 | $20,000 | 28,000 |
Biggest Companies in New Mexico by city and number of employees
New Mexico is home to several companies adding value to the economy. If you are looking for an established company, then this table will be helpful-
| Company Name | City | Employees |
|---|---|---|
| SunBridge Healthcare Corp | Albuquerque | 38,300 |
| Citizens Bank – NM | Farmington | 22,000 |
| Akal Security | Espanola | 12,000 |
| Khi Llc | Albuquerque | 11,000 |
| Los Alamos National Security LLC | Los Alamos | 11,000 |
| Presbyterian | Albuquerque | 11,000 |
| Los Alamos National Laboratory Fdn. | Espanola | 10,751 |
| Los Alamos National Laboratory | Los Alamos | 10,001 |
| Sandia National Labs | Albuquerque | 8,150 |
| The University of New Mexico | Albuquerque | 8,010 |
What are the best things to do in New Mexico?
Exploring the new state is the best way to get familiar with the place and feel connected. After moving into the new state, learning about the surroundings will help you. Let us see the available options
- Visit White Sands National Park to enjoy the beauty of glistening white dunes.
- Explore the historic Plaza at Santa Fe for art galleries and the vibrant culture of the city.
- Visit Carlsbad Caverns National Park to dig into the world of stalactites and stalagmites.
- Experience the living history of Native American culture in Taos Pueblo.
- Plan hiking and camping trips on the state’s diverse landscapes.
- If you are a rafting and kayaking lover, explore the Rio Grande and other waterways in the state.
- Enjoy the local delicacies of New Mexican delights and visit wineries and breweries.
- You can enjoy interactive art installations at Meow Wolf.
What are the best schools in New Mexico?
If you are moving to New Mexico with your children, your priority is to find a good school, college, or university. However, finding a quality educational institution living in another state can be difficult. So, we have compiled a list of some top schools, colleges, and universities.
| Elementary Schools in New Mexico |
|---|
| Barranca Mesa Elementary School, Los Alamos |
| S.Y. Jackson Elementary School, Albuquerque |
| Desert Willow Family School, Albuquerque |
| Hubert H. Humphrey Elementary School, Albuquerque |
| Georgia O’Keeffe Elementary School, Albuquerque |
| Middle Schools in New Mexico |
|---|
| Cottonwood Classical Preparatory School, Albuquerque |
| Los Alamos Middle School, Los Alamos |
| Albuquerque Institute for Math and Science, Albuquerque |
| Eisenhower Middle School, Albuquerque |
| Desert Willow Family School, Albuquerque |
| High Schools in New Mexico |
|---|
| Albuquerque Academy, Albuquerque |
| La Cueva High School, Albuquerque |
| Albuquerque Institute for Math and Science, Albuquerque |
| Los Alamos High School, Los Alamos |
| Sandia Preparatory School, Albuquerque |
| Colleges and Universities in New Mexico |
|---|
| University of New Mexico, Albuquerque |
| New Mexico State University, Las Cruces |
| Eastern New Mexico University, Portales |
| New Mexico Institute of Mining and Technology, Socorro |
| Santa Fe University of Art and Design, Santa Fe |
Which insurance is required in New Mexico?
Some states in the US have mandated insurance for the security of the residents. However, there are only some insurances that each resident has to buy while some are optional.
Auto Insurance- In New Mexico, auto insurance is mandatory for all drivers. Following is the breakdown of minimum coverage-
$25,000 bodily injury or death of one person in any one accident
$50,000 bodily injury or death of two or more persons in any one accident
$10,000 injury to or destruction of property of others in any one accident
Health Insurance- This is not mandated by the state, but it is recommended that each resident must have it. This insurance policy provides financial protection in case of medical emergencies.
Life Insurance- This type of insurance supports your family members financially in the event of your death.
Homeowners and Renters insurance- This insurance is not mandated by law, but it protects your home and belongings in case of fire, theft, and natural disasters.
Workers’ Compensation Insurance- It is mandatory for most employers to cover the medical expenses and lost wages for employees injured on the job.
Property Insurance- This insurance covers physical damage to your business property.
What different taxes are applicable in New Mexico?
The state has a straightforward tax structure compared to other states. Some of the taxes that residents of New Mexico pay-
Individual Income Tax- The state has a graduated income tax system which means the tax rates increase with the increase in income. There are deductions and credits offered by the state to the taxpayers.
Property Tax- These taxes are levied on the value of the real estate. The tax rates vary by county and municipality.
Gross Receipt Tax- This is an essential sales tax levied on the gross receipts of businesses.
Excise Taxes- These taxes are imposed on goods and services like tobacco, gasoline, alcohol, and motor vehicles.
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Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.
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