Housing costs in Santa Fe?
A typical home costs
$394,300, which is 16.6% more expensive than the national average of
$338,100 and 47.6% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Santa Fe costs
$1,230 per month, which is 20.6% more than the national average of
$1,020 and close to the state average of
$1,250.
Can I afford Santa Fe?
To live comfortably in Santa Fe (zip 87507), New Mexico, a minimum annual income of
$75,600 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Santa Fe?
The cost of living in 87507 Santa Fe, NM is slightly higher than the national average. The cost of housing is particularly high, with median home prices coming in at around $322,400. The cost of groceries and transportation are also slightly higher than the national average. Utility costs are generally low due to a warm climate. This combination of factors makes Santa Fe a desirable location for those looking to stretch their budget further.