Retirement Homes in New Mexico

New Mexico has 292 total senior care providers. This includes 21 retirement homes. According to data published by Medicare, the average cost of retirement homes in New Mexico is $23,100 per year, with costs typically ranging between $1,045 and $3,382 per month. The monthly nationwide average cost is about $1,925.

The metro area of Santa Fe has the highest retirement home costs in the state of New Mexico, with prices ranging between $1,980 per month and $3,204 per month and a median annual cost of about $28,710. The lowest retirement home costs in New Mexico are in the Albuquerque area, where they range between $1,100 and $2,640 per month. Here, the median yearly expense runs around $20,625.

The SeniorScore™ for New Mexico is 69. The state ranks as the 36th largest state in the nation. It has a combined population of approximately 2,056,349, 32% of which are over the age of 55. On average, residents have a life expectancy of around 78.4 years.

The mean income per household in New Mexico is $59,647, with a median income of approximately $45,952, and per capita earnings of about $23,463 per year. It presently has an unemployment rate of about 8.26% and the general cost of living is average.

Average temperatures in New Mexico typically range from 38.5 to 69.1 degrees Fahrenheit. Overall, it has a cooler climate, with a mean annual temperature of about 54.2 degrees.

To read more about the SeniorScore™ for New Mexico, please go to https://www.senioradvice.com/seniorscore/senior-living-in-new-mexico.

More About New Mexico

Top Cities for Retirement Homes in New Mexico

Top Articles in Retirement Homes

View All

Tips For Seniors Looking to Buy into Retirement Communities

When it comes to senior living options, there are a number of housing options available for today's elderly population. While some seniors will require the care and attention of nursing homes or assisted living communities, there are others who don't require as much care, but who instead want to be ...More

What is a Retirement Home?

In an industrial-driven society, retirement often proves more fantasy than reality. Thoughts rarely stray from the 9 to 5 immediacy, and preparing for the future seems impossible. People must work to live and live to work. However, the day eventually comes for every man and woman to give a final ...More

Keeping Seniors Independent While in Retirement Homes

Moving to a retirement home can be a challenging and at times overwhelming transitional time for seniors. However, even for seniors who are enthusiastic about life in retirement homes, many feel as though life in one of these communities can cause a detriment to their independence. This is why it is...More