The city of Santa Fe, NM (Zipcode 87501) is an excellent place to find affordable rental options. A two bedroom apartment in this area can be found for just $1,500 per month on average, which is much lower than the national average of $1,430. The cost of groceries in Santa Fe is also very reasonable, with a grocery cost index of 104 as opposed to 100 in the US. Nearby local companies include Meow Wolf interactive art installation, Santa Fe Community College, and Georgia O'Keeffe Museum. In addition, there are many restaurants and cafes that offer unique dining experiences. With its low cost of living and vibrant cultural scene, Santa Fe is an ideal place to live.
Santa Fe (zip 87501) has an unemployment rate of 7.7%. The US average is 6.0%.
Santa Fe (zip 87501) 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 (zip 87501)
- The Sales Tax Rate for Santa Fe (zip 87501) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Santa Fe (zip 87501) 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 (zip 87501)
- The average income of a Santa Fe (zip 87501) resident is $46,337 a year. The US average is $28,555 a year.
- The Median household income of a Santa Fe (zip 87501) resident is $71,468 a year. The US average is $69,021 a year.