Cost of Living in Santa Fe County, NM
Population 156,105 · Census ACS 2020–2024 5-year estimates
The median rent in Santa Fe County, NM is $1,389/month, 30% higher than the New Mexico median and about the same as the U.S. median. The median home value is $446,300, 34% higher than the national median. Households earn a median of $79,071 a year, 23% higher than the state median.
Affordability
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Santa Fe County vs. New Mexico vs. U.S.
| Santa Fe County | New Mexico | U.S. | |
|---|---|---|---|
| Median rent | $1,389 | $1,067 | $1,413 |
| Median home value | $446,300 | $248,100 | $332,700 |
| Median household income | $79,071 | $64,059 | $80,734 |
| Homeownership rate | 71.5% | 70.0% | 65.2% |
| Bachelor's degree or higher | 46.1% | 31.0% | 35.7% |
| Poverty rate | 12.0% | 17.8% | 12.5% |
| Unemployment rate | 5.3% | 6.0% | 5.2% |
| Work from home | 18.4% | 12.2% | 15.1% |
| Median age | 48.7 | 39.4 | 38.9 |
FAQ
What is the average rent in Santa Fe County, NM?
The median gross rent in Santa Fe County, NM is $1,389 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Santa Fe County, NM?
Using the common 30% rule, renting a median-priced home takes about $55,560 a year in gross income.
Is Santa Fe County, NM expensive to live in?
Rent there is about the same as the U.S. median, and the median home costs about 5.6 times the median household income.
Other counties in New Mexico
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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