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Study Finds Los Alamos County Among Best In New Mexico For Living On Social Security

on May 21, 2019 - 5:26pm
SMART ASSET News:
 
Relying heavily on Social Security as your main source of income in retirement can make budgeting difficult - especially when it comes for housing, which may be the largest category in your spending.
 
There are, however, places where Social Security goes further than others and in a new study, SmartAsset has delved into the data to find out where. In its fifth annual study, SmartAsset analyzed Social Security income, cost of living data, and taxes across all counties to determine where people are getting the most mileage out of Social Security, and Los Alamos County ranked among the top spots in New Mexico.
 
For a look at how the leaders in New Mexico compared, check out the table below:
 
Rank
County
Cost of Living
Annual Social Security
Social Security Taxed?
Social Security Goes Furthest Index
1
Lincoln, NM
$18,750
$19,651
Yes
76.34
2
Los Alamos, NM
$19,722
$20,424
Yes
75.35
3
Hidalgo, NM
$18,153
$18,026
Yes
72.38
4
Rio Arriba, NM
$18,697
$18,357
Yes
71.41
5
Catron, NM
$19,548
$18,974
Yes
70.31
6
Grant, NM
$18,833
$18,152
Yes
70.03
7
Sandoval, NM
$19,836
$19,149
Yes
69.80
8
Bernalillo, NM
$19,097
$18,047
Yes
68.50
9
Sierra, NM
$17,747
$16,570
Yes
68.28
10
Harding, NM
$18,148
$16,950
Yes
68.11
 
The full study results, methodology, and interactive map can be found here: https://smartasset.com/retirement/social-security-calculator#newmexico

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