This Is The Average Social Security Check In Each State - Page 4 of 51

48. New Mexico

Average annual benefit: $16,538

In the Land of Enchantment, 297,313 retirees averaged $1,378.17 monthly. New Mexico is moderately tax-friendly. Benefits and other retirement income are taxable, but some tax deductions are available.

Most of the state has fairly low property taxes, and retirees may reduce them further by freezing their primary home’s assessed value. While there’s no state sales tax, businesses charged the gross receipts tax raise prices.