See where NM ranks among states for military retirees
According to a recent report by WalletHub, New Mexico is ranked at the bottom of the list for military retirees. The personal finance website released its 2024 rankings just ahead of Military Appreciation Month and Memorial Day, analyzing how friendly each state is to veterans looking to transition to civilian life.
WalletHub’s study assessed all 50 states and the District of Columbia based on 28 key indicators of retirement-friendliness for veterans. These indicators ranged from job opportunities and housing affordability to the quality of VA hospitals. Despite these comprehensive metrics, New Mexico found itself near the bottom of the list.
“Transitioning from military to civilian life isn’t easy, but the best states for military retirees make that adjustment as smooth as possible,” said Cassandra Happe, a WalletHub analyst. “In addition to providing the conditions necessary for our veterans to thrive financially, they also have ample resources for taking care of military retirees’ physical and mental health.”
While states like South Carolina, Florida, and Virginia topped the list due to favorable policies for veterans—such as tax exemptions on military pensions, strong VA hospital ratings, and supportive job markets—New Mexico lagged behind in several key areas.
The report highlighted that New Mexico, ranked 50th, only fared better than Oregon, which took the last spot. This low ranking for New Mexico raises concerns about the state’s ability to support its veteran population adequately.
In the study, New Mexico ranked 48th for its economic environment, 29th for its quality of life, and 50th for its health care.
Further emphasizing the disparities, South Carolina was noted for having numerous veteran-friendly policies, including tax exemptions on military pensions, veteran treatment courts, and a high number of veteran-owned businesses per capita. These features contribute to a more supportive environment for military retirees, a stark contrast to the conditions found in New Mexico.
WalletHub’s analysis sheds light on the importance of state-level policies in shaping the quality of life for military retirees. As New Mexico continues to rank poorly, it needs to reevaluate its support systems and resources for veterans to improve its standing and better serve those who have served the country.
For more detailed insights and to see the full rankings, visit WalletHub’s website here.
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