State's Lousy Economy Drags Down Ranking
New Mexico is home to more than 150,000 military veterans, and overall, the state is a pretty good place for them to retire.
According to a new survey from WalletHub, New Mexico was the 24th best state for military retirees. And if the state’s economy was doing better, that ranking might have been higher.
But according to WalletHub, New Mexico’s economic environment for military retirees ranked 40th out of the states and the District of Columbia.
And, the state ranked 33rd when it came to the quality of life for vets.
But in terms of health care for vets, New Mexico came in 11th place.
In ranking the states for their economic environment for vets, WalletHub looked at several metrics, including whether a state taxes military pensions, the share of veteran-owned businesses and job opportunities for veterans.
For quality of life rankings, WalletHub looked at the states’ weather, their share of homeless veterans and the quality of their university systems.
Florida was rated the best place for military retirees, followed by Montana and New Hampshire.
The District of Columbia was ranked as the worst place for retired veterans. New Jersey came in 50th place, and Rhode Island, 49th.
New Mexico has four military bases: Cannon, Holloman and Kirtland Air Force bases, and White Sands Missile Range.