Santa Fe, NM is an exciting and vibrant city with a lot of culture and history. This city has a unique charm that draws people from all over the world in search of adventure. The cost of living, including the rent for two bedroom apartments is competitive at $1,290 compared to the US average of $1,430. In addition, grocery costs are slightly below the national average index at 101 versus 100 in the US. Popular businesses located in Santa Fe include Meow Wolf art collective, Bellas Artes Outpost, Adobe Bar and Grill and La Casa Sena Restaurant & Cantina. New Mexico's capital is an incredible place to live or visit and its local companies make it all the more special.
Santa Fe has an unemployment rate of 7.7%. The US average is 6.0%.
Santa Fe has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Santa Fe
- The Sales Tax Rate for Santa Fe is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Santa Fe is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Santa Fe
- The average income of a Santa Fe resident is $33,967 a year. The US average is $28,555 a year.
- The Median household income of a Santa Fe resident is $61,990 a year. The US average is $69,021 a year.