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 Metro Area, 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?
The cost of living in the Santa Fe, NM Metro Area is significantly higher than the national average. According to data from the US Bureau of Labor Statistics, the Cost of Living in this region is 112.5 with the US average being 100. This means that goods and services are about 12.5% more expensive in Santa Fe, NM Metro Area than other parts of the country. Although living costs are higher, so are house median values; currently at $490,000 which is much higher than the US average of $338,100.