Housing costs in Santa Fe?
A typical home costs
$968,900, which is 186.6% more expensive than the national average of
$338,100 and 262.7% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Fe costs
$1,140 per month, which is 11.8% more than the national average of
$1,020 and 9.6% cheaper than the state average of
$1,250.
Can I afford Santa Fe?
To live comfortably in Santa Fe (zip 87506), New Mexico, a minimum annual income of
$185,760 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Santa Fe?
Living in 87506 Santa Fe, NM can be somewhat pricey. The cost of living index is 97.1, which is higher than the national average of 88.4. Housing expenses are almost 25% more expensive than the national average, and utilities are 12% higher than the US overall. Groceries and health care are also slightly more expensive than the national average. However, transportation expenses in 87506 Santa Fe, NM are 8% lower than the average, giving residents a bit of a break when it comes to getting around town.