Study: Los Alamos County Ranks Among Best Places In New Mexico To Borrow Money

SMARTASSET News:
 
Buying a home, going to college, and starting a new business are a few reasons why Americans take out loans.
 
We all know this, but did you know that there are places where it’s better to borrow money and easier to manage debt than others? These places generally offer a great cost of living relative to income and provide stronger legal protections for borrowers.
 
In its new study, SmartAsset dove into the numbers to uncover the best places to borrow money, and Los Alamos County ranked among the top spots in New Mexico.
 
For a look at how Los Alamos County compares to other state leaders, check out the table below:
 
Rank
County
Legal Protections Rating
Disposable Income
Non-Housing Costs
Non-Housing Costs as % of Disposable Income
Rent
Rent as % of Disposable Income
Best Places to Borrow Money Index
1
Los Alamos, NM
3.0
$80,823.0
$23,608.0
29.20%
$931.0
13.80%
87.60
2
Lea, NM
3.0
$48,654.0
$23,608.0
48.50%
$768.0
18.90%
75.26
3
Eddy, NM
3.0
$47,991.0
$23,608.0
49.20%
$764.0
19.10%
74.85
4
San Juan, NM
3.0
$42,233.0
$23,608.0
55.90%
$744.0
21.10%
70.27
5
Sandoval, NM
3.0
$49,704.0
$23,608.0
47.50%
$1,022.0
24.70%
69.10
6
Santa Fe, NM
3.0
$46,323.0
$23,608.0
51.00%
$945.0
24.50%
68.14
7
Bernalillo, NM
3.0
$41,535.0
$23,608.0
56.80%
$799.0
23.10%
67.74
8
Chaves, NM
3.0
$36,019.0
$23,608.0
65.50%
$697.0
23.20%
64.64
9
Grant, NM
3.0
$34,184.0
$23,608.0
69.10%
$635.0
22.30%
64.51
10
Valencia, NM
3.0
$36,859.0
$23,608.0
64.00%
$756.0
24.60%
63.57
 
Additional details on the study, including methodology and an interactive map, can be found here: https://smartasset.com/credit-cards/zero-apr-credit-card-guide/#newmexico/best-places-for-borrowers
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