87505 Santa Fe, NM is a lively area with plenty of local companies and infrastructures. The two bedroom rent in the area is $1,330; slightly lower than the US average of $1,430. In addition to affordable rents, 87505 Santa Fe, NM has a grocery cost index of 101; 1 point above the US average. Businesses in the area include Meow Wolf art gallery and Santa Fe Brewing Company, both popular attractions for locals and visitors alike. In terms of infrastructure, 87505 Santa Fe, NM has excellent public transport links with bus services and an on-demand ride system known as ‘The Pick’. The area also boasts a multitude of shops and restaurants for residents to enjoy.
Santa Fe (zip 87505) has an unemployment rate of 7.7%. The US average is 6.0%.
Santa Fe (zip 87505) 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 87505)
- The Sales Tax Rate for Santa Fe (zip 87505) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Santa Fe (zip 87505) 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 87505)
- The average income of a Santa Fe (zip 87505) resident is $36,070 a year. The US average is $28,555 a year.
- The Median household income of a Santa Fe (zip 87505) resident is $68,760 a year. The US average is $69,021 a year.