💥 Read this must-read post from Investopedia | Expert Financial Advice and Markets News 📖
📂 Category: Retirement Planning,Personal Finance
✅ Here’s what you’ll learn:
Key takeaways
- Las Vegas, New Mexico, is an ideal location for retirees seeking natural beauty and outdoor adventure. The Santa Fe National Forest, Santa Fe National Historic Trail and the Galinas River are just minutes from downtown.
- This small, scenic city has nine National Register Historic Districts with more than 900 registered historic sites.
- With 33 hospitals in the surrounding county, accessible healthcare options are plentiful.
- The nearest airport is Albuquerque International Airport, located 110 miles from Las Vegas.
You’ve heard of Las Vegas, Nevada, but there’s actually another Las Vegas that’s a hidden gem in the Southwest. Las Vegas, New Mexico, is one of the most picturesque small towns in the region, and it doesn’t have much in common with its larger counterpart in Nevada. It is ideal for budget-conscious, nature-loving retirees.
In fact, Las Vegas, New Mexico is the best place to retire in the Southwest, according to an Investopedia analysis of the best places to retire in the United States. The low cost of living makes this small town an ideal choice for retirees seeking to maximize their retirement savings in a comfortable, scenic southwestern community.
important
Retirees looking to settle in Las Vegas, New Mexico should be aware that Social Security benefits and withdrawals from individual retirement accounts (IRAs), 401(k) accounts, and annuities are taxable. However, the area’s lower costs of living may offset those taxes.
Budget friendly city
Located in San Miguel County, the attractive city of Las Vegas offers natural beauty and a low cost of living. The county’s median home value is $177,600, median monthly housing cost is $617, median monthly transportation cost is $1,139 and median monthly food cost is $603, making it an affordable option for retirees living on a fixed income.
| Cost of living in San Miguel County | |
|---|---|
| Monthly expenses | Average monthly costs |
| Housing | $617 |
| communications | $1,139 |
| food | $603 |
| Taxes | $631 |
Activities in Las Vegas
Although this Las Vegas city is not as bustling as Sin City, there are plenty of things to do.
Retirees who want to enjoy their free time outdoors will find that in addition to two national forests, there are many other options just minutes from the city. Some local natural attractions include:
- Santa Fe Historic Trails
- Story Lake State Park
- Las Vegas National Wildlife Refuge
- Ria Mora National Wildlife Refuge and Sanctuary
- Fort Union National Monument
This community’s commitment to historic preservation is important. There are more than 900 registered historic sites within the city limits, such as the 19th-century train depot, which serves as the city’s visitor center. And don’t miss the Las Vegas City Museum and the Rough Rider Memorial Collection, which includes materials about Theodore Roosevelt and the Rough Riders. In this quiet and adorable little town, there is always more to explore.
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