Santa Fe, New Mexico, with the zip code 87506, is an attractive destination for many due to its unique culture and beautiful setting. The 2 Bedroom Rent here is $1,140 which is much cheaper than the US average of $1,430. The Grocery Cost Index in Santa Fe is 108 with the US index being 100. This makes it relatively affordable to live in Santa Fe compared to other parts of the country. There are many local businesses that make living in Santa Fe great including Whole Foods Market, Silver Star Honda Car Dealership, and the Inn at Loretto. Local services include Southwest Care Center for medical care, Ace Towing Services for roadside assistance, and New Mexico Gas Company for natural gas needs.
Santa Fe (zip 87506) has an unemployment rate of 7.5%. The US average is 6.0%.
Santa Fe (zip 87506) has seen the job market decrease by -8.0% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Santa Fe (zip 87506)
- The Sales Tax Rate for Santa Fe (zip 87506) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Santa Fe (zip 87506) 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 87506)
- The average income of a Santa Fe (zip 87506) resident is $54,096 a year. The US average is $37,638 a year.
- The Median household income of a Santa Fe (zip 87506) resident is $69,717 a year. The US average is $69,021 a year.