SMARTASSET News:A new study by SmartAsset ranked Los Alamos County among the top places in New Mexico to grow your short-term savings.
The study analyzed data on savings account rates, household income, living expenses and taxes to determine where savings could be maximized over a one-year period.
Check out the table below to see how the leaders in New Mexico ranked:
|
Rank
|
County
|
Median Income
|
Short-term Savings Interest Earned
|
Short-term Savings Return Rate
|
Long-term Savings Interest Earned
|
Long-term Savings Return Rate
|
Short-term Savings Interest Earned Index
|
|
1
|
Los Alamos, NM
|
$110,190
|
$54
|
0.05%
|
$4,321
|
3.92%
|
20.92
|
|
2
|
Union, NM
|
$38,240
|
$45
|
0.12%
|
$522
|
1.37%
|
17.42
|
|
3
|
Sandoval, NM
|
$60,345
|
$43
|
0.07%
|
$1,956
|
3.24%
|
16.86
|
|
4
|
Lea, NM
|
$59,285
|
$40
|
0.07%
|
$1,868
|
3.15%
|
15.71
|
|
5
|
Eddy, NM
|
$60,703
|
$36
|
0.06%
|
$1,880
|
3.10%
|
14.22
|
|
6
|
Curry, NM
|
$41,941
|
$28
|
0.07%
|
$750
|
1.79%
|
10.75
|
|
7
|
Grant, NM
|
$40,470
|
$22
|
0.05%
|
$576
|
1.42%
|
8.58
|
|
8
|
Santa Fe, NM
|
$57,945
|
$20
|
0.03%
|
$1,304
|
2.25%
|
7.81
|
|
9
|
Roosevelt, NM
|
$35,928
|
$20
|
0.06%
|
$162
|
0.45%
|
7.79
|
|
10
|
Otero, NM
|
$43,533
|
$18
|
0.04%
|
$856
|
1.97%
|
6.86
|
Additional study details including the methodology and interactive map can be found here: https://smartasset.com/checking-account/savings-calculator#newmexico