NM 8th worst state for retirees
One economic development strategy that has been floated for New Mexico and the Albuquerque area is to attract retirees. The idea is that retirees have some money and don't cost that much to serve. Their kids are gone, but the oldsters still contribute to the school systems through their property taxes and rent, for example.
But WalletHub just put the kibosh on that strategy because it says that New Mexico is the eighth-worst state for people to retire to.
And the big negative for the state is crime. WalletHub used 41 metrics in which to rank the states, and when it came to property crime, New Mexico was dead last.
Here are WalletHub's scores for New Mexico:
Retiring in New Mexico (1=Best; 25=Avg.)
18th – Adjusted Cost of Living
25th – WalletHub ‘Taxpayer’ Ranking
36th – Elderly-Friendly Labor Market
19th – % of Population Aged 65 & Older
50th – Property-Crime Rate
34th – Life Expectancy
19th – Health-Care Facilities per Capita
Here are the rankings of surrounding states when it comes to being attractive places for retirees:
43. New Mexico