New Mexico is known as the land of enchantment, boasting picturesque desert landscapes and vibrant culture. The state is quickly becoming a popular retirement destination, attracting seniors from all over the country. New Mexico has a low cost of living and an abundance of opportunity when combined with its temperate climate and welcoming culture makes it a great place to spend retirement.
Benefits of Retiring in New Mexico
1. Plenty of Space
Retirees will not have to worry about crowds here. New Mexico has a low population, coming in at just over 2 million people making it a great choice for seniors looking to escape the more densely populated and popular retirement states of New York, Florida, and Arizona.
2. 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.
3. Live on Social Security Alone
In some areas of the state, it is possible for retirees to live only off their Social Security income. This makes New Mexico a great choice for retirees who may make less in their retirement.
The cities of Los Alamos, Farmington, North Valley, and Rio Rancho have the lowest crime rates and are widely considered the best places to live in the state. Los Alamos has a crime rate of 1,620 crimes per 100,000 people and North Valley’s crime rate is more than 50% lower than the rest of New Mexico.
5. Rich History and Culture
Before becoming a U.S. state, New Mexico was originally home to Native Americans and then the Spanish. The state pays tribute to its rich cultural heritage by hosting festivals, exhibitions, and shows that showcase its vibrant culture. The state also has a number of historical sites and pueblo cliff dwellings that date back to the 12th century.
6. Outdoor Adventure
While most people think of dry desert when they think of New Mexico, the truth is that the state has mountains, lakes, rivers, and an abundance of green areas for camping, hiking, and fishing, and even skiing.
7. Temperate Climate
Residents of New Mexico enjoy more than 300 days of sunshine per year, making most outdoor recreation available year-round.
8. Vibrant Art Scene
The cities of Santa Fe, Taos, and Silver City are renowned for their vibrant art scene, attracting writers, artists, and musicians from all over the world.
Making the Move
When evaluating the cost of senior living, it’s best to think through your current expenses because so much of senior living is all-inclusive. Consider how much is spent monthly on food, utilities, healthcare, house maintenance, and homeownership costs. Once you have a good understanding of how much it costs to live on your own, you will have a more comprehensive understanding of the cost of senior living.
You will also want to think through what is included at the community you are considering. Many of our communities include a wide range of amenities including,
- Regular housekeeping and linen services
- True restaurant dining, with made to order meals
- Engaging activities and social events
- Home maintenance and yard work
- Gym memberships and fitness classes through PrimeFit
- Language lessons
- Travel opportunities
- Assisted living and memory care services, if needed
Exactly how much your monthly rate is will depend on the care being received, amenities being used, and apartment chosen.
The cost of senior living in New Mexico is fairly consistent across the state, coming in at $3,500 per month for assisted living care, slightly higher than the national average.
Your Dream Retirement on Your Budget
From traveling the world to exploring your own backyard, Leisure Care living is fun and easy. We offer independent living and assisted living services at Fairwinds – Rio Rancho in New Mexico. We will work closely with you and your family to create a lifestyle that meets care and budget needs while making the most of every day of retirement. Five-star fun. Five-star service. That’s our promise.
It’s your time to build your future. Contact us today to get started.