Housing costs in Santa Fe?
A typical home costs
$652,700, which is 93.0% more expensive than the national average of
$338,100 and 144.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Fe costs
$1,500 per month, which is 47.1% more than the national average of
$1,020 and 16.7% more than the state average of
$1,250.
Can I afford Santa Fe?
To live comfortably in Santa Fe (zip 87501), New Mexico, a minimum annual income of
$124,920 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Santa Fe?
The cost of living in 87501 Santa Fe, NM is relatively high compared to other parts of the country. The median home value in the area is $336,500, which is about three times the national average for U.S. housing prices. Renters can expect to pay around $1,200 a month for a two-bedroom apartment, while utility costs are higher than the national average. Groceries and other day-to-day items are also more expensive in this area than in other parts of the country. That said, the unique culture and natural beauty make it worth it for many residents who choose to live there.