With a total area of 121,590 square miles, New Mexico ranks fifth in size among 50 U.S states. It is situated in the Southwestern part of the country. Did you know New Mexico’s northwest corner is the only place nationwide where four U.S. states meet? It’s called Four Corners, and it’s where you can be in four U.S. states simultaneously!
New Mexico’s vast area means that various sections of the state have drastically varying relief. It has some of the flattest landscapes and some of America’s steepest mountains. Parts of the state are covered in pine forests and fish-rich mountain streams, while others lack water. The pleasant climate of New Mexico is amongst its greatest attractions, especially for people looking for a comfortable retirement. New Mexico’s capital is Santa Fe, founded in 1610, making it the oldest capital in the U.S. with a fascinating history. It is a renowned center of art and culture and has a famous nickname – The City Different. Everything you see in this city is different from anywhere else, whether it’s summer fairs, mesmerizing historic architecture, or a diverse art community.
With just over 2.1 million people, New Mexico ranks 36th in population and 46th in population density. More than four-fifths of New Mexico’s population is European and Hispanic. One-tenth of the state’s population is Native American. Therefore, the New Mexican culture is a unique blend of Native American, Spanish, Mexican and Anglo-American influences – a microcosm of America; New Mexico is one big melting pot of culture, making this state a perfect cross-section of demographics.
Some of the common reasons people move to New Mexico are:
- Carlsbad Caverns National Park – is among the most spectacular natural rock formations in the world.
- White Sands National Park – Millions of tourists visit this stunning landscape, created by wind and water erosion.
- Albuquerque International Balloon Fiesta – Albuquerque hosts the world’s largest hot-air balloon festival every fall, attracting more than 80,000 people.
- Taos Pueblo – a UNESCO World Heritage Site. It is the oldest continuously inhabited sites in the United States.
- Petroglyph National Monument – Archeologists estimate that there are about 25,000 petroglyph images within the boundaries of the monument
- Cumbres-Toltec Scenic Railway – Rated as one of America’s most scenic trains. This unique 64 miles long ride will take you through the Rocky Mountains of Colorado and New Mexico.
New Mexico’s economy is highly diversified. About half of the state’s income from natural resources comes from oil and natural gas. Minerals are the state’s most abundant natural resource, and New Mexico is one of the leading uranium and potassium salts manufacturers in the United States. Copper, silver, gold, lead, and zinc also contribute significantly to the state’s income.
Most significant manufacturing industries include food, chemicals, transportation, electrical machinery, and stone clay glassware. In addition, somewhere around two-thirds of New Mexico’s agricultural income comes from livestock products, especially dairy and cattle.
One more interesting fact about New Mexico is that the federal government is the largest employer in the state. It protects more than one-third of the state’s land.
The largest employment sectors in New Mexico are:
- Health care and social assistance
- Retail trade
- Accommodation and food services
- Professional, scientific, and technical services
Some of the major employers in New Mexico include:
- Federal Government / State of New Mexico
- Sandia National Laboratories
- Los Alamos National Laboratory
- The University of New Mexico
According to statistics, there will be 2.4 Billion people who shop online in 2021. More than 90% of U.S. internet users have made at least one purchase online. Global eCommerce sales are expected to grow to $ 6.54 trillion by 2023. These are the few facts that should make you realize how vital eCommerce is in the 21st century. The pandemic has boosted online shopping way more than ever before. According to statistics, New Mexico saw a 40.2% increase in online purchases.
According to a study, New Mexico ranked 18th best state to start a business in the U.S. Some of the biggest pros for starting a business in New Mexico are labor costs, office space affordability, industry variety, and cost of living. So the answer to the question is yes, you definitely should consider New Mexico as one of your options if you are planning to start a business.
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