According to WalletHub, New Mexico residents are ranked the most federally dependent, and the state at large is ranked the second-most federally dependent state in the union, only beaten by Alaska.
New Mexico’s federal dependence score was 76.70 out of 100, while Alaska’s was 89.52.
WalletHub notes, “New Mexico is the second-most federally dependent state, in large part because it receives a huge amount of federal funding compared to the taxes that residents pay. For every $1 paid in taxes, New Mexico gets $3.26 in federal funding. Around half of the other states get less than $1 in federal funding for every tax dollar.”
“Federal funding makes up a large share of New Mexico’s revenue as well, at around 47%, and more than 3.5% of the Land of Enchantment’s workforce is employed by the federal government. Both of these rates are among the highest in the country, proving that New Mexico’s economy owes a lot to the federal government,” the study continued.
WalletHub analyst Cassandra Happe noted, “Regardless of whether the distribution of federal funds is fair or not, living in one of the most federally dependent states can be beneficial for residents. For every dollar residents of the top states pay in taxes, they get several dollars back in federal funding, which often leads to higher-quality infrastructure, education, public health and more.”
However, Happe’s analysis shows that is not the case in New Mexico, which despite the incredible government subsidies, is ranked near the bottom of every economic, health care, well-being, and safety state ranking. New Mexico also had the 46th lowest gross domestic product in the entire country, per WalletHub.
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