Expat Exchange
Free MembershipSign In

Expat Advice: Financial Issues in New Mexico is a great place to retire, with its warm climate, low cost of living, and beautiful scenery. Before retiring in New Mexico, it is important to consider the state's tax laws, which can be complex. New Mexico has a progressive income tax system, with rates ranging from 1.7% to 4.9%. It also has a gross receipts tax, which is a tax on the sale of goods and services. Additionally, New Mexico has a property tax, which is based on the value of the property. It is also important to consider the cost of living in New Mexico, which is generally lower than the national average. Finally, it is important to research the healthcare options available in the state, as well as the availability of recreational activities and cultural attractions., New Mexico

Submitted by ResearchTeam

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

New Mexico is a great place to retire, with its warm climate, low cost of living, and beautiful scenery. Before retiring in New Mexico, it is important to consider the state's tax laws, which can be complex. New Mexico has a progressive income tax system, with rates ranging from 1.7% to 4.9%. It also has a gross receipts tax, which is a tax on the sale of goods and services. Additionally, New Mexico has a property tax, which is based on the value of the property. It is also important to consider the cost of living in New Mexico, which is generally lower than the national average. Finally, it is important to research the healthcare options available in the state, as well as the availability of recreational activities and cultural attractions.

Contribute to New Mexico Network Contribute
Help others in New Mexico by answering questions about the challenges and adventures of living in New Mexico.

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal