Known for being one of the best places in the world to view the night sky, visitors come from the big cities to admire the beauty and brightness of New Mexico's sky. Many of them make it a permanent home once they've experienced the amazing landscapes and great livable conditions in the Southwestern communities.
Today, New Mexico's almost 2 million residents are among the United States' most diverse populations, with an ethnic make-up of approximately 45 percent non-Hispanic, 42 percent Hispanic and almost 10 percent Native American.
New Mexico real estate prices have traditionally been some of the lowest in the nation. With the inflow of people from other states, prices have increased dramatically. A single family home in Santa Fe will set you back in the $500,000 range, while the same home will run half that in Albuquerque. Taos homes vary entirely on the specific structure. Appreciation rates for New Mexico in 2005 were nearly 12 percent.
The Albuquerque - Santa Fe metro area includes six major communities, making it the center of the state's commercial and governmental activities. These are the most popular places. The overall cost of living in Albuquerque is 18% below the national average, with a median home price of $170,800 in the Albuquerque metro areas. Santa Fe, one of the oldest cities in the USA, is a much more expensive place to live, with median home prices rising above $400,000, with few homes selling for anything below $250,000. Helping to balance the costs of some of the more expensive areas, New Mexico's residential and commercial property taxes are among the lowest in the United States, with tax rates depending on the property type and location.
Though Santa Fe is very expensive, but if you can afford it, it is a nice place to live. It's beautiful, has a strong and flourishing culture and many of the events and issues that take place here are interesting and entertaining. This area has very good weather. The high-desert offers the delights of sunshine (about 300 days per year) and low humidity but not the scorching temperatures of the lower elevations. Sometimes it's even snowing here.