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retire

Finding the Best Places to Retire Since 2006!

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Retire in Bosque Farms, New Mexico?

Overview:   Originally part of a Spanish land grant in north central New Mexico, the Village of Bosque Farms became an American agricultural project during the 1930s.   President Roosevelt's New Deal gave Dust Bowl refugees the chance to resettle the land, and the little village by the Rio Grande River prospered.  In 1974, it incorporated. 

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Although it is less than 20 miles from downtown Albuquerque, Bosque Farms retains a rustic, rural atmosphere. There are orchards to the north and wide open, scrubland to the east and west.   A large array of volcanic necks and mesas are part of the area's diverse landscape.  The local rodeo association maintains arena facilities for horse-related events and for the town's annual fair.   There is also a yearly car show.  Neighborhoods are low density with few trees and have roads without sidewalks. Ranch ramblers and adobe styles homes are common.   Many properties have a shed or barn for livestock.   There are some very good, hole-in-the-wall restaurants, including Benny's, a roadside place with green chili burritos. Hay's Honey and Apple Farm has organic produce.

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The Isleta Indian Reservation encases the northern tip of Bosque Farms and has a casino, a golf club, and fishing lakes.  The hiking and birding trails of Manzano Mountain State Park are just 15 miles away.   

Population:  3,900 (city proper)

Percentage of Population Age 45 or Better:   43%

Cost of Living:   Meets the national average

Median Home Price: $210,000

Climate:   Summer daytime temperatures can reach the low-100s but are generally in the 90s.  Winter temperatures are in 20s, 30s and 40s.   On average, the area receives eight inches of rain and a dusting of snow each year. The elevation is 4,850 feet above sea level.

At Least One Hospital Accepts Medicare Patients?  No.  The nearest hospital that accepts Medicare patients in on the south side of Albuquerque, about 15 miles away.

At Least One Hospital Accredited by Joint Commission?    No.  The nearest accredited hospital is on the south side of Albuquerque, about 15 miles away.

Public Transit:   No

Crime Rate:   Below the national average

Public Library:   Yes

Political Leanings:  Liberal

Is New Mexico Considered Tax Friendly for Retirement?   Somewhat

Cons:   None

Notes:   A lot of homes that do not look like much from the outside are very nice on the inside.  

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Recommended as a Retirement Spot?   Yes, especially for people who want to have a horse, some chickens, maybe a goat or two, etc.

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New Mexico:

The first Europeans in this area were the Spanish in 1542. The first settlement grew up on the Rio Grande River in 1598, and Saanta Fe was founded as the capital in 1610. The United States won most of New Mexico in the 1848 Mexican War and received the remainder in the 1853 Gadsden Purchase.

During the Civil War, Union troops won New Mexico from the Confederacy. Geronimo surrendered in 1886, and soon after the Apache Wars and most other Native American conflicts ended.

New Mexico has been a leader in energy development and research since 1945. Los Alamos Scientific Laboratory, as well as Sandia laboratories, were, and are, instrumental in the solar, nuclear, and geothermal areas of energy development.

The state also has rich mineral deposits and has a large supply of potassium salts and uranium. Copper, natural gas, petroleum, zinc, silver, gold, lead, as well as molybdenum bring in substantial revenue. Farm and ranching poducts include sheep, sorghum, pecans, cotton, peanuts and more.

Fun sites to visit include the Carlsbad Caverns, the ruins located at Fort Union, Inscription Rock at El Morro National Monument, White Sands and Chaco Culture National Historical Park.

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Stats:

Population - 2,081,775

Persons 65 years old and over - 16%

High school graduates - 84%

Bachelor's degree or higher - 26%

Persons of Hispanic or Latino origin - 45%

White persons, not Hispanic - 40%

Median household income - $44,960

Social Security taxed? No

Source: U.S. Census Bureau

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