In this article, we will discuss the 5 best places in New Mexico for a couple to live on only social security. You may view our detailed discussion on Delaying Retirement and see the 15 Best Places in New Mexico for a Couple to Live on Only Social Security.
5. Bayard
Insider Monkey Score: 9.11
Livability Score: 65
Median Rent: $950
IM Cost of Living: 75.1
Bayard is a small town in Grant County just 11 miles east of Silver City. The town is located in the foothills of the Gila and Mogollon Mountains. Although it is a small town which lacks the contemporary attractions of modern metropolitans, it is quite affordable. The cost of living in the town is 25% lower than the national average. In addition, it is surrounded by several beautiful sights, such as Fort Bayard and the City of Rocks State Park is just a short drive away.
4. Grants
Insider Monkey Score: 9.21
Livability Score: 62
Median Rent: $745
IM Cost of Living: 76.1
In western New Mexico lies the city of Grants. It is famous for attractions such as the El Malpais National Conservation Area, which is home to iconic rock formations and expansive lava fields. Grants is also home to many restaurants and museums. In addition, it is one of the best places in New Mexico for a couple to live on only social security. Median rent in Grants is just $745, making it one of the most budget-friendly cities to live in.
3. Silver City
Insider Monkey Score: 9.36
Livability Score: 76
Median Rent: $900
IM Cost of Living: 81.6
Silver City is located approximately 50 miles east of the Arizona – New Mexico state border, and approximately 70 miles north of the US – Mexico national border. If you’re interested in a city that offers access to endless recreational activities, Silver City is the ideal retirement destination. Its town center features several art galleries and museums, meaning there is an abundance of excursions to enrich your golden years. Moreover, the Gila National Forest creates the perfect backdrop for residents to immerse themselves amidst lakes, springs, and wildlife.
2. Tucumcari
Insider Monkey Score: 10.30
Livability Score: 63
Median Rent: $725
IM Cost of Living: 72.8
Tucumcari features attractions such as the Mesalands Dinosaur Museum and the New Mexico Route 66 Museum. The historic Route 66 is one of the oldest highways in the country and is often referred to as the Mother Road. In addition, Tucumcari is the most affordable destination on our list in terms of rent. Its affordability, combined with its rich cultural heritage, makes it one of the best places in New Mexico for a couple to live on only social security.
1. Portales
Insider Monkey Score: 10.43
Livability Score: 66
Median Rent: $850
IM Cost of Living: 72.2
Portales is located in eastern New Mexico, just a half hour away from the state border with Texas. In terms of attractions, the city lies just south of the Oasis State Park, a famous fishing and wildlife viewing area. It is also home to the Eastern New Mexico University. For retirees looking to survive on only social security, it is the number one place to live in New Mexico. The cost of living in Portales is almost 28% lower than the national average.
Check our our complete analysis on 15 Best Places in New Mexico for a Couple to Live on Only Social Security.
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