Why is New Mexico so poor?
High medical expenses and the increased number of aged poor were found to be the causes of this increased rate. The unemployed, as would be expected, had the highest rate (32.9 percent) of poverty among select characteristics in New Mexico in 2019 (Exhibit 4).
Why are Californians moving to New Mexico?
Former Golden State residents blame high taxes, high living costs, and COVID-19 restrictions as their primary reasons for relocating in 2020. California’s tax marginal rate is currently the highest in the nation, sitting at 13.3%, and tax hikes for seven-figure earners are on the horizon.
How many millionaires are there in New Mexico?
List
Rank | State | Number of millionaire households |
---|---|---|
36 | New Hampshire | 45,758 |
37 | Nebraska | 45,130 |
38 | Hawaii | 44,383 |
39 | New Mexico | 40,450 |
What is the poorest US state?
From 2017–2018, the lowest poverty rate was in New Hampshire, and the highest poverty rate was in American Samoa (the highest poverty rate among the states was in Mississippi).