The cost of living in Santa Fe, NM is 11.5% higher than in Albuquerque, NM. You would have to earn a salary of $66,904 to maintain your current standard of living. Employers in Santa Fe, NM typically pay 0.9% more than employeers in Albuquerque, NM.
Is it cheaper to live in Santa Fe or Albuquerque?
Santa Fe is 26.7% more expensive than Albuquerque. Santa Fe housing costs are 86.9% more expensive than Albuquerque housing costs. Health related expenses are 1.2% more in Santa Fe.
Is Santa Fe or Albuquerque better to stay?
Albuquerque is going to be your cheaper bet for hotel stay. You might as well get more room for your buck. Santa Fe is a quick drive anyway, just get a hotel on the north side of Albuquerque or at least decently close to I-25. For restaurants, you can do some of the better known tourist places.
Is it expensive to live in Santa Fe New Mexico?
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.
Why is Santa Fe NM so expensive?
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.
What is the cheapest and safest place to live in New Mexico?
1. Deming. Deming tops our list of most affordable cities in New Mexico. Located 35 miles north of the US-Mexico border, Deming is home to around 15,000 residents and is the county seat of Luna County.
What’s the best place to live in New Mexico?
The top 10 best places to live:
- Corrales.
- Edgewood.
- Rio Rancho.
- Los Ranchos de Albuquerque.
- Ruidoso.
- Artesia.
- Santa Fe.
- Alamogordo.
What is the prettiest part of New Mexico?
Get ready for some wanderlust.
- TAOS GORGE.
- BLUE HOLE.
- BRAZOS CLIFFS.
- BANDELIER.
- BOSQUE DEL APACHE.
- SHIPROCK.
- GILA CLIFF DWELLINGS.
- BISTI BADLANDS. The Bisti Badlands / De Na Zin Wilderness Area was once a coastal swamp of an inland sea, home to many large trees, reptiles, dinosaurs and primitive mammals.
How far apart are Albuquerque and Santa Fe?
62.8 mi
How long is the drive from Albuquerque to Santa Fe? The direct drive from Albuquerque to Santa Fe is 62.8 mi (101 km), and should have a drive time of 59 mins in normal traffic.
What’s so great about Santa Fe?
Today, its unique offerings of art, culture and ancient traditions make it a world-class destination, drawing more than 1 million visitors each year. In 2005, Santa Fe became the first U.S. city to be chosen by UNESCO as a Creative City, one of only nine cities in the world to hold this designation.
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.
Is Santa Fe wealthy?
But only the rich need apply. Rancho Santa Fe, a town of 5,000 people 30 miles north of San Diego, is the nation’s wealthiest among communities of 1,000 households or more, according to Census figures released Tuesday.
How much do you need to make to live in Santa Fe?
Recommended Salary in Santa Fe
The living wage in Santa Fe is $136.97 per hour, which is the basic wage needed to pay for essentials like housing, food, and necessities.
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.
What is a livable salary in New Mexico?
Living Wage Calculation for Bernalillo County, New Mexico
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.03 | $22.58 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $11.50 | $11.50 |
Is Santa Fe a hot housing market?
The Santa Fe area is short more than 7,300 rental units, according to the Santa Fe Association of Realtors’ 2020 housing report. Between 2017 and 2019, the city’s average rent topped $1,000, the report found, an increase of nearly 12%. Average rents are likely even higher today.
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.
What is the nicest area in Albuquerque?
Here are the five best neighborhoods in Albuquerque for families!
- Downtown.
- Nob Hill.
- North Albuquerque Acres.
- North Valley.
- Ventana Ranch.
What city in New Mexico has the lowest cost of living?
1. Hobbs. Our top affordable city in New Mexico has much that residents find attractive – an excellent school system, tons of recreational opportunities, and great shopping and dining — but with a highly affordable standard of living. Median home price in Hobbs is a great value at $104,900.
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 coolest city in New Mexico?
Best Places to Visit in New Mexico
- Santa Fe.
- Albuquerque.
- Taos, NM.
- Carlsbad Caverns National Park.
- White Sands National Park.
- Silver City.
- Roswell.
- Los Alamos.