Santa Fe, NM

Living costs in Santa Fe land close to the national average, with a Cost Index of 110 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $411,500, and typical monthly rents run around $1,380. Groceries and utilities are slightly below what you would find in most US cities.

Start with housing. Typical monthly rent is $1,380, while local median household income is $70,110. That implies a rent-burden proxy of about 24% 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 $411,500, that translates to roughly $2,757 per year in property taxes. Sales tax (state + local) averages around 7.6% on everyday purchases.

The typical monthly rent in Santa Fe is around $1,380. That's close to the $1,348 national median. For comparison, the median home value here is $411,500, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Santa Fe is valued at $411,500. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,081/month for principal and interest alone — before property taxes and insurance. About 63% of residents here own their homes.

Grocery prices in 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: 77). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Santa Fe is a smaller city with a population of about 88,224. The median age of residents is 46.4, skewing somewhat older — common in established suburban communities. The local poverty rate is 13.87%, near the national average of 12.4%.