87508 Santa Fe, NM has an average 2 bedroom rent of $1,610, which is 11.3% higher than the US average of $1,430. In addition to housing costs, grocery costs in 87508 are 3% higher than the national index. This area is rich in cultural experiences and outdoor activities such as hiking, skiing and snowboarding. Shopping is also a popular pastime with local stores like REI and Evolve Santa Fe offering outdoor apparel and equipment while Old Santa Fe Trading Company offers a variety of souvenirs and artifacts unique to the area. 87508 Santa Fe, NM is a great place for people who enjoy exploring the outdoors while still having easy access to shopping and entertainment options.
Santa Fe (zip 87508) has an unemployment rate of 7.5%. The US average is 6.0%.
Santa Fe (zip 87508) 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 87508)
- The Sales Tax Rate for Santa Fe (zip 87508) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Santa Fe (zip 87508) 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 87508)
- The average income of a Santa Fe (zip 87508) resident is $44,753 a year. The US average is $37,638 a year.
- The Median household income of a Santa Fe (zip 87508) resident is $78,624 a year. The US average is $69,021 a year.