SMARTASSET News:In its fourth annual study, SmartAsset analyzed sales, property, income, fuel and Social Security tax data to rank locations on how friendly they are for retirees.
To compare the cities in the study, SmartAsset looked at a hypothetical retiree who receives $50,000 in income. The table below shows which cities lead New Mexico in retirement tax friendliness.
|
Rank
|
City
|
Income Tax Paid
|
Property Tax Rate
|
Sales Tax Paid
|
Fuel Tax Paid
|
Social Security Taxed?
|
Retirement Tax Friendliness Index
|
|
1
|
North Hobbs, NM
|
$6,822
|
0.38%
|
$775
|
$290
|
Taxed
|
39.48
|
|
2
|
Eldorado at Santa Fe, NM
|
$6,822
|
0.55%
|
$775
|
$247
|
Taxed
|
38.51
|
|
3
|
Los Chaves, NM
|
$6,822
|
0.63%
|
$775
|
$225
|
Taxed
|
38.05
|
|
4
|
Lee Acres, NM
|
$6,822
|
0.62%
|
$775
|
$243
|
Taxed
|
37.78
|
|
5
|
Los Alamos, NM
|
$6,822
|
0.66%
|
$775
|
$244
|
Taxed
|
37.31
|
|
6
|
Los Ranchos de Albuquerque, NM
|
$6,822
|
0.72%
|
$775
|
$258
|
Taxed
|
36.27
|
|
7
|
Paradise Hills, NM
|
$6,822
|
0.76%
|
$775
|
$247
|
Taxed
|
35.99
|
|
8
|
South Valley, NM
|
$6,822
|
0.81%
|
$775
|
$225
|
Taxed
|
35.96
|
|
9
|
North Valley, NM
|
$6,822
|
0.76%
|
$775
|
$258
|
Taxed
|
35.81
|
|
10
|
Hobbs, NM
|
$6,822
|
0.54%
|
$930
|
$247
|
Taxed
|
35.45
|
Find more details on the study results and methodology, as well as an interactive map here: https://smartasset.com/retirement/new-mexico-retirement-taxes#newmexico
