NEW MEXICO IS ONE OF THE POOREST STATES IN THE NATION, BUT IT’S NOT A CHEAP PLACE FOR RAISING A FAMILY. A RECENT REPORT FROM WWW.GOBANKINGRATES.COM RANKS NEW MEXICO AS THE THIRD MOST EXPENSIVE STATE FOR RAISING FAMILY.
THE REPORT CITES THE HOUSEHOLD INCOME FOR A TYPICAL FAMILY HERE IS JUST OVER 44-THOUSAND, SEVEN HUNDRED DOLLARS, 75-HUNDRED DOLLARS LESS THAN THE NATIONAL MEDIAN INCOME. HOWEVER, THE REPORT, ACCORDING TO ALBUQUERQUE BUSINESS FIRST, SAYS THOSE FAMILIES STILL FACE HOUSING COSTS THAT ARE CLOSE TO THE NATIONAL AVERAGE.
HAWAII RANKED FIRST IN THE STUDY, FOLLOWED BY NEW YORK. TENNESSEE WAS THE CHEAPEST STATE FOR RAISING A FAMILY.
