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Old 05-15-2019, 02:59 PM
 
Location: New Mexico U.S.A.
26,527 posts, read 51,596,218 times
Reputation: 31324

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Quote:
One of the biggest tax bills most people pay is the federal income tax calculated on IRS form 1040 each April. Three other major taxes come from your state or locality: state income taxes, sales taxes and property taxes. The way each type of tax is calculated is complicated; factors such as your income level, marital status and county of residence affect your tax rates.
New Mexico is neither the best nor the worst depending on various factors...

https://www.investopedia.com/article...rden-state.asp
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Old 05-17-2019, 12:37 PM
 
60 posts, read 49,865 times
Reputation: 65
Quote:
Originally Posted by phydeaux3 View Post
It's at the top pf my list.


I'm already retired. Twice, plus SocSec. And I like working (part-time). But I'd rather move to NM and not work than stay someplace I don't like and get paid to do it.
Bravo!
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Old 05-17-2019, 12:42 PM
 
60 posts, read 49,865 times
Reputation: 65
Quote:
Originally Posted by High_Plains_Retired View Post
Ha! For the past 50 years I have told people who want to come out to the Southwest we're just about to run out of ground water but nothing seems to slow the flow of U-hauls seen headed west on I-40. I can tell you that, since 1968, ground table water has been a subject of each and every gathering I have ever attended on an old screened back porch, at a back yard BBQ and every time we've stood warming our backsides around an old wood stove or gas heater. Without fail, the subject always comes up without any resolution.

Then too, New Mexico has aliens; . . . both kinds.

Please help spread the word!
Wonder where you are in NM, Here in Luna County the aquifer has been stable for as long as I have been here and I use a well!
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Old 05-21-2019, 04:29 PM
 
Location: Sacramento Mtns of NM
4,280 posts, read 9,125,234 times
Reputation: 3737
Here's a new study!
Quote:
In its fifth annual study, SmartAsset, a financial advisor website, analyzed Social Security income, cost of living data, and taxes across all counties to determine where people are getting the most out of Social Security.
The rankings of counties by annual cost of living and social security benefits are:
  1. Lincoln - $18,750 and $19,651
  2. Los Alamos - $19,722 and $20,424
  3. Hidalgo - $18,153 and $18,026
  4. Rio Arriba - $18,697 and $18,357
  5. Catron - $19,548 and $18,974
  6. Grant - $18,833 and $18 152
  7. Sandoval - $19,836 and $19,149
  8. Bernalillo - $19,097 and $18,047
  9. Sierra - $17,747 and $16,570
  10. Harding - $18,148 and $16,950
The full study results, methodology, and interactive map can be found at: https://smartasset.com/retirement/so...ator#newmexico.

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Old 05-21-2019, 05:57 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,560,237 times
Reputation: 4817
Quote:
Originally Posted by joqua View Post
Here's a new study!
There is some interesting data there, but SS benefits aren't influenced by where you live, are they?
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Old 05-21-2019, 08:10 PM
 
138 posts, read 144,120 times
Reputation: 347
Quote:
Originally Posted by rruff View Post
There is some interesting data there, but SS benefits aren't influenced by where you live, are they?
Benefits are the same. Location will determine non-federal taxes. But the amount is the same wherever you live.
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Old 05-21-2019, 09:03 PM
 
Location: New York
494 posts, read 283,064 times
Reputation: 1340
I spent a year in NM and really miss it. I would love to retire there, but I worry about the crime. I lived in Albuquerque so maybe that's why there was a lot of crime? Where in NM would a retired person be able to live safely? I know that all cities/states have crime, but I would like to live in a relatively safe area where I could walk around by myself. I don't mind living in a rural area. NM is such a beautiful state and has a slower pace than NY or CA (where I've lived most of my life traveling back and forth) I don't have a huge income to be able to afford buying a home, but do have a retirement and social security income.
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Old 05-21-2019, 10:36 PM
 
Location: The High Desert
16,060 posts, read 10,614,899 times
Reputation: 31345
I'm retired and moved from a small town in the midwest and the COL is about the same here as it was there even though the population here is more than 10-12 times greater and amenities and services are better. That's an OK bargain in my book.

I live in the northern part of Rio Rancho up near Bernalillo and Corrales and crime has not been a concern. On the other hand, it is a bit far from downtown, UNM, or the airport but almost everything I need is close at hand.
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Old 05-21-2019, 10:42 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,560,237 times
Reputation: 4817
Quote:
Originally Posted by meekawal View Post
Where in NM would a retired person be able to live safely?
Most. There are safe parts in any area.

Some pages that rank crime rates for NM.
https://www.safewise.com/blog/safest-cities-new-mexico/
https://www.homesnacks.net/cities/sa...in-new-mexico/
Moderator cut: links removed, competitor site

Last edited by Yac; 05-27-2019 at 05:08 AM..
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Old 05-22-2019, 11:17 AM
 
Location: New York
494 posts, read 283,064 times
Reputation: 1340
Quote:
Originally Posted by Poncho_NM View Post
New Mexico is neither the best nor the worst depending on various factors...

https://www.investopedia.com/article...rden-state.asp
Thank you for the information. I will probably end up in Rio Rancho. I always went to the library there and never had a problem. NM is a beautiful state with very nice people.
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