New Mexico is ranked on the 5th position in US with an area of 121,589 square miles. Its capital city is Santa Fe. The state’s population was estimated in 2014 to be 2,085,572. The most famous landmarks of the state are: “White Sands National Monument”, “Albuquerque Biological Park” and “Palace of the Government”. New Mexico was given its name by the explorers who believed that the cultures of New Mexico are very similar to those in Mexica Empire (Aztec).
New Mexico houses some major state universities such as the University of New Mexico in Albuquerque, New Mexico State University at Las Cruces, Eastern and Western New Mexico Institute of Mining and Technology at Socorro. Also, some famous private colleges reside in the state like Carrington College, Santa Fe University of Art and Design and the Southwest University of Visual Arts.
The state’s gross state domestic product was estimated in 2013 to be $85 billion and the per capita personal income was $31,474 and it was ranked 43rd in the nation. The state’s unemployment rate in 2012 was 7.2%.
New Mexico is one of the leading natural gas and crude oil producers in the United States. The state is trying to provide a number of economic incentives and most of them are based on job creation. Also, the state of New Mexico provides financial incentives for film production, which added $1.2 billion to the state’s economy. The personal income tax in the state has ranged from 1.7% to 4.9%. The cost of living in New Mexico is 100.80, which practically means that it is more than the average in the United States. The state is a home to more than 30k millionaires.