Housing costs in Santa Fe?
A typical home costs
$514,700, which is 52.2% more expensive than the national average of
$338,100 and 92.7% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Fe costs
$1,330 per month, which is 30.4% more than the national average of
$1,020 and 6.0% more than the state average of
$1,250.
Can I afford Santa Fe?
To live comfortably in Santa Fe (zip 87505), New Mexico, a minimum annual income of
$98,640 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Santa Fe?
Santa Fe, NM is known for having a high cost of living. The estimated cost of living in the 87505 zip code area is nearly 24% higher than the national average, making it an expensive place to live. With a median home value of $352,500 and a median household income of $51,017, residents must make more money to maintain their standard of living. Renters may also find themselves paying more for housing and other necessities as the median rent costs approximately $1,500 per month. Although the cost of living in Santa Fe can be high, many people find that it's worth it to live in an area with such beautiful scenery and a variety of cultural attractions.