Eldorado at Santa Fe, NM

Yes — Eldorado at Santa Fe is about 34% more expensive than the national average, with an overall Cost Index of 134. Housing is the biggest factor: the typical home here is valued around $542,800, and monthly rents average roughly $2,132. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $2,132, while local median household income is $96,692. That implies a rent-burden proxy of about 26% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

New Mexico has a progressive state income tax with a top rate of 5.9%. The effective property tax rate is 0.67%. On a home worth $542,800, that translates to roughly $3,637 per year in property taxes. Sales tax (state + local) averages around 7.6% on everyday purchases.

The typical monthly rent in Eldorado at Santa Fe is around $2,132. That's about 58% higher than the $1,348 national median. For comparison, the median home value here is $542,800, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Eldorado at Santa Fe is valued at $542,800. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,745/month for principal and interest alone — before property taxes and insurance. About 95% of residents here own their homes.

Grocery prices in Eldorado at Santa Fe are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Eldorado at Santa Fe is a small town with a population of about 5,746. The median age of residents is 61.7, skewing somewhat older — common in established suburban communities. The local poverty rate is 7.99%, well below the national average of 12.4%.