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Seniors who are considering New Mexico as a retirement location and desiring assisted living centers will find it is, the “Land Of Enchantment”. The state has the six lowest populations in the nation; even so, it offers remarkable beauty with a gentle climate. The state landscapes consist of forested mountains, high plateaus, and desert regions. There are many unique living opportunities for seniors across the state.
Oil and gas production have made a large boost to the state's economy over the last few years. The federal government invests significantly to projects in the state, which also helps the state’s economy. Tourism also plays a big part for the economy, as there are many historic and beautiful vacation spots across the state.
The state’s current population estimate is 1,980,225. There currently are 278,967 senior citizens over 65 in New Mexico. Some of the more popular senior retirement communities are located in Santa Fe, Roswell, and the largest metropolitan area, which is Albuquerque. Almost all communities offer healthcare clinics, while the larger cities offer hospitals and other high-quality health care facilities.
The states personal income tax rate varies from 1.7% to 4.9%. The state uses a gross receipts tax instead of a sales tax, which applies to services and tangible goods. Cities add a small tax rate to the state’s current tax rate, which make a total average of 5.125% to 8.44%. Prescription drugs are free from state tax. There is a low general cost of living across the state compared with the national average.
The New Mexico climate changes by the elevations, the southwest desert regions are hot during the summer. The higher elevations of the communities around Albuquerque, and Santa Fe offer a milder summer condition; they can become hot at times. The winter season overall can be mild to cold, but with colder temperatures and heavier snows in the mountain regions.
The state’s annual cost for assisted living facilities is $39,100. Nursing homes cost average $64,650 for semi private room yearly. Private rooms in nursing home centers average $72,000 each year. Adult day care providers charge $19,100 a year for seniors who only want part-time help. The New Mexico Health Facility Licensing & Certification Bureau oversees all health care providers.
Seniors will find the most popular retirement locations are found in and around Santa Fe. This area is culturally rich, and a highly artistic location with many events and local attractions. The cost for assisted living housing in Santa Fe and its surrounding communities is slightly higher than the state average. However, the benefits of this location, due to its mild climate and an enjoyable artistic community outweigh the added cost.