Living in Santa Fe, New Mexico
Cost of living, income, home prices, rent and demographics of Santa Fe · Census data 2020–2024
Santa Fe has 89,019 residents with a median age of 46.3. The median household income is $73,482 (15% higher than the New Mexico median), the median home value is $444,900, the median rent is $1,463/month.
Santa Fe at a glance
- Population
- 89,019
- Median age
- 46.3State: 39.4
- Median household income
- $73,482State: $64,059
- Median home value
- $444,900State: $248,100
- Median rent
- $1,463/moState: $1,067
- Homeowners
- 63.6%
- Bachelor's degree or higher
- 47.8%
- Average commute
- 21 min
Is Santa Fe a good place to live?
Pros: Median household income 15% higher than the New Mexico median; an average commute of 21 minutes; unemployment of 5.1%; a poverty rate of 12.9%.
Cons: Home values 79% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Santa Fe
Housing is the biggest part of the cost of living. In Santa Fe the median home value is $444,900, 34% higher than the U.S. median. Renters pay a median of $1,463 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,847 a month in housing costs.
Santa Fe median household income
The median household income in Santa Fe is $73,482 and the income per person is $50,299. 12.9% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Santa Fe: homes for sale and rent
- Housing units
- 46,608
- Owner-occupied
- 63.6%
- Renter-occupied
- 36.4%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.09
Santa Fe demographics
- Population
- 89,019
- Median age
- 46.3
- Under 18
- 16%
- 65 and older
- 26.2%
- Households
- 41,921
- Foreign-born
- 15.3%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Santa Fe ›
Education in Santa Fe
47.8% of adults 25 and older in Santa Fe have a bachelor's degree or higher (New Mexico: 31%), and 25.6% have a graduate or professional degree.
Jobs and commute in Santa Fe
- Unemployment rate
- 5.1%State: 6%
- Average commute
- 21 minState: 24 min
- Work from home
- 17.3%
- Drive alone
- 68.6%
- Public transit
- 1.1%
- Walk to work
- 2.7%
- Homes with broadband
- 91.7%
Santa Fe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Santa Fe | 89,019 | $73,482 | $444,900 | $1,463 |
| Agua Fria | 2,898 | $65,101 | $270,400 | $1,158 |
| Conejo | 555 | $111,908 | $1,005,600 | $2,160 |
| Tres Arroyos | 1,926 | $87,841 | $678,500 | — |
| Seton Village | 101 | $123,750 | $680,600 | — |
| Tano Road | 1,586 | $183,162 | $1,133,900 | — |
| Santa Fe Foothills | 779 | $157,083 | $1,172,000 | — |
| Las Campanas | 2,119 | $204,922 | $1,545,800 | — |
| Sunlit Hills | 899 | $126,250 | $1,001,300 | $1,354 |
More for people moving to Santa Fe
Santa Fe ZIP code ›Weather and climate ›Living in Santa Fe: FAQ
What is the median household income in Santa Fe, NM?
The median household income in Santa Fe is $73,482, 15% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Santa Fe?
The median home value in Santa Fe is $444,900, compared with $248,100 in New Mexico.
How much is rent in Santa Fe?
The median gross rent in Santa Fe is $1,463 per month, about 31.3% of household income.
Is Santa Fe, NM a good place to live?
Pluses: median household income 15% higher than the New Mexico median; an average commute of 21 minutes; unemployment of 5.1%; a poverty rate of 12.9%. Minuses: home values 79% higher than the state median.
What is the median age in Santa Fe?
The median age in Santa Fe is 46.3 years (New Mexico: 39.4).
How long is the commute in Santa Fe?
The average commute to work in Santa Fe is 21 minutes; 17.3% of workers work from home.
What is the unemployment rate in Santa Fe?
The unemployment rate in Santa Fe is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Santa Fe?
47.8% of adults in Santa Fe have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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