Cost of living in Santa Fe, New Mexico
Santa Fe County, NM
Part of the Santa Fe Metro Area
Population 155,175 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Santa Fe
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Santa Fe
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Santa Fe
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Santa Fe
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Santa Fe
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Santa Fe
State and local tax rates for New Mexico.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Santa Fe
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Santa Fe
What it costs to live in Santa Fe each month.
- Rent $1,368
- Energy $130
- Water $60
- Groceries $326
- Transport $250
- Healthcare $480
- Federal tax $482
- State tax $138
- Rent $1,627
- Energy $156
- Water $70
- Groceries $540
- Transport $350
- Healthcare $864
- Federal tax $892
- State tax $282
- Rent $2,057
- Energy $195
- Water $85
- Groceries $820
- Transport $450
- Healthcare $1,350
- Childcare $1,200
- Federal tax $892
- State tax $282
Frequently asked questions about Santa Fe
Common questions about cost of living, rent and salary.
What is the average rent in Santa Fe?
In Santa Fe, New Mexico, a one-bedroom apartment averages $1,368 per month, a two-bedroom averages $1,627 per month, a three-bedroom averages $2,057 per month, according to HUD Fair Market Rent data.
What is the average salary in Santa Fe?
In Santa Fe, New Mexico, the average household income is $74,689 per year and individual earnings for full-time workers average $39,548 per year, according to U.S. Census Bureau data.
What is the cost of living in Santa Fe?
The estimated cost of living in Santa Fe, New Mexico is approximately $3,234 per month for a single person, $4,781 for a couple, $7,331 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Santa Fe?
The combined sales tax rate in Santa Fe, New Mexico is 7.72%, which includes the New Mexico state rate of 5.00% plus an average local rate of 2.72%.
Is Santa Fe an affordable place to live?
Based on the data, a single person in Santa Fe, New Mexico would need approximately $3,234 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $74,689 per year ($6,224 per month). Santa Fe has a moderate cost of living relative to local earnings.
How much does healthcare cost in Santa Fe?
The ACA marketplace benchmark premium in Santa Fe, New Mexico is approximately $480 per month for an individual. Approximately 9.4% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Santa Fe?
The average home value in Santa Fe, New Mexico is $416,900, with average annual property taxes of $2,110, according to U.S. Census Bureau data.
How does Santa Fe compare to other areas?
You can compare Santa Fe, New Mexico with any other US county using our comparison tool at /compare. Santa Fe is in the Santa Fe, NM metro area.
Other counties in New Mexico
Browse the full list of counties in New Mexico, ranked by cost of living.
See all counties in New MexicoCompare Santa Fe with another area
Put two counties side by side to see how rent, taxes and everyday costs stack up.
About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP