Housing costs in Santa Fe?
A typical home costs
$490,000, which is 44.9% more expensive than the national average of
$338,100 and 83.5% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Fe costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 18.4% more than the state average of
$1,020.
Can I afford Santa Fe?
To live comfortably in Santa Fe New Mex County, New Mexico, a minimum annual income of
$93,960 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Santa Fe?
Santa Fe, NM County has a high cost of living compared to the national average. According to data, the median house value in Santa Fe is $490,000, which is more than 45% higher than the US average of $338,100. Additionally, the Cost of Living index in Santa Fe County is 112, which is 12 points higher than the US average of 100. These figures demonstrate how expensive it can be to live in Santa Fe County and help explain why it may not be an ideal destination for those on a budget.