The per capita income in Santa Fe in 2018 was $37,178, which is wealthy relative to New Mexico, and upper middle income relative to the rest of the US. This equates to an annual income of $148,712 for a family of four. However, Santa Fe contains both very wealthy and poor people as well.
What is the richest part of New Mexico?
New Mexico’s wealthiest ZIP code is in northern Albuquerque. ZIP code 87122 is the wealthiest area in New Mexico, according to data from American City Business Journals, Albuquerque Business First’s parent company.
Is Santa Fe New Mexico expensive to live?
In Santa Fe, the cost of living is slightly higher than average, and this is mostly due to soaring housing prices. This city is home to a great deal of the state’s most expensive homes. Excluding the housing cost, Santa Fe’s average living cost comes to three percent below norm.
What city in New Mexico has the most millionaires?
SANTA FE — Los Alamos has a higher percentage of millionaires than any other city in America, according to a new survey.
Why are houses so expensive in Santa Fe New Mexico?
Low inventory, high demand and construction delays have contributed to skyrocketing housing prices in Santa Fe in 2022, new data from the Santa Fe Association of Realtors shows. The median sales price of single-family homes jumped almost 10%, or $63,980, since April of last year.
Where do millionaires live in New Mexico?
According to the report, the wealthiest city in New Mexico is Corrales Village. Here are some Corrales Village statistics: Median household income: $85,580 (24.6% more than U.S. median income) Households earning over $200,000: 612 (16.5% of households)
Are people in New Mexico rich?
There are plenty of reasons for this. Way under 1 percent of the country’s population lives here. According to just-released U.S. Census Bureau figures, New Mexico has the country’s second lowest annual median household income, $25,991, just $177 above bottom-place Arkansas.
What celebrities live in Santa Fe NM?
Julia Roberts, Val Kilmer, Gene Hackman and Shirley MacLaine, among others, have all called this city home at one point.
How much money do you need to live comfortably in Santa Fe New Mexico?
Summary about cost of living in Santa Fe, NM, United States: Family of four estimated monthly costs are 4,038$ without rent. A single person estimated monthly costs are 1,130$ without rent.
How much money do you need to live comfortably in Santa Fe NM?
Santa Fe cost of living is 115.4
| COST OF LIVING | Santa Fe | New Mexico |
|---|---|---|
| Housing | 164.5 | 83.6 |
| Median Home Cost | $470,000 | $246,000 |
| Utilities | 99.6 | 100.4 |
| Transportation | 80.2 | 84.6 |
What is the poorest town in New Mexico?
Deming, New Mexico
Deming, New Mexico
In Deming, the poorest town in New Mexico, the median income is just $26,044 a year.
What is the average household income in New Mexico?
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 22.7 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $51,243 |
Is Santa Fe NM growing?
Santa Fe has a 2020 population of 91,417. Santa Fe is currently growing at a rate of 2.19% annually and its population has increased by 4.47% since the most recent census, which recorded a population of 87,505 in 2010.
Is it cheaper to live in Texas or New Mexico?
The higher cost of living in Texas doesn’t just apply to food and clothes. Housing is significantly more expensive there than in New Mexico. The median cost of a home in New Mexico is less than $200,000, while the median cost of a home in Texas is about $223,000.
Is Santa Fe New Mexico a good place to live?
As one of the best small cities in America, Santa Fe offers a more tranquil pace of life. The city’s natural beauty and gorgeous weather encourage residents to slow down and enjoy their surroundings, which makes Santa Fe one of America’s best places to get a fresh start as well!
Is it cheaper to live in Arizona or New Mexico?
What many retirees are finding is better deals, say experts: The median home in New Mexico costs just $151,900 and the cost of living is 3.1% lower than the national average. That makes much of the state far less expensive than Arizona’s most famous retirement havens.
Who is the richest person in Santa Fe?
| Mack C. Chase | |
|---|---|
| Born | April 29, 1931 |
| Education | Artesia High School |
| Occupation | Businessman |
| Known for | Richest person in New Mexico |
What is the nicest part of Santa Fe?
The 6 Best Neighborhoods in Santa Fe for Tourists
- Historic District. The Historic District is the heart of any visit to Santa Fe — the place you’ll spend most of your time and likely book a hotel.
- Railyard District & Guadalupe.
- Midtown.
- Canyon Road.
- Museum Hill.
- The Outskirts.
Is Santa Fe New Mexico safe?
According to the crime report the city of Santa Fe is safer than only 9% of U.S. Cities. Property crimes are on top of the list. The level of crime is ranked on the scale of one hundred points. Santa Fe property crime is 65, which is very high.
Do any billionaires live in New Mexico?
ALBUQUERQUE – A longtime Albuquerque resident has been listed as a billionaire on Forbes’ annual list of the richest people in the world. The magazine published its latest rundown of global billionaires this week. Ron Corio, 59, was listed at No.
Is New Mexico rich or poor?
In 2017 New Mexico’s gross domestic product was $94.2 billion. In 2017 the per capita personal income was $39,811 (ranked 48th in the nation). In 2008 the percentage of persons below the poverty level was 17.1%.
Economy of New Mexico.
| Statistics | |
|---|---|
| Population below poverty line | 17.1% |
| Gini coefficient | 0.453 |
| Labor force | 934,200 |
| Unemployment | 6.6% |