Here's what it costs to live in Santa Fe, New Mexico, based on the latest US government data. Renters pay a median of $1,380 per month, while the typical home is valued around $411,500. Households earn a median of $70,110 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$70,110
Annual · Census ACS
Median Gross Rent
$1,380
Per month · Census ACS
Median Home Value
$411,500
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,259
HUD Fair Market Rent
1BR Fair Market Rent
$1,390
HUD FMR
2BR Fair Market Rent
$1,685
HUD FMR
3BR Fair Market Rent
$2,122
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.90%
Top marginal rate
State Sales Tax
4.88%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
88,224
Latest estimate
Median Age
46.4 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Santa Fe?
The cost of living index for Santa Fe is not yet available in our database.
What is the median rent in Santa Fe?
The median gross rent in Santa Fe is $1,380 per month according to US Census ACS data.
What is the median household income in Santa Fe?
The median household income in Santa Fe is $70,110 per year.
What is the median home value in Santa Fe?
The median home value in Santa Fe is $411,500 based on the latest Census ACS survey.
How is the air quality in Santa Fe?
Air quality data for Santa Fe is not yet available.
What are the taxes like in Santa Fe?
New Mexico has a top state income tax rate of 5.90% and a statewide sales tax of 4.88% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology