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?
How much do you need to live comfortably in New Mexico? The income needed to live comfortably in New Mexico is $42,445.
Is it cheaper to live in Albuquerque or Santa Fe?
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 housing expensive?
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.
What’s the average cost of living in Santa Fe New Mexico?
Santa Fe cost of living is 115.4
| COST OF LIVING | Santa Fe | New Mexico |
|---|---|---|
| Health | 82.1 | 82.6 |
| Housing | 164.5 | 83.6 |
| Median Home Cost | $470,000 | $246,000 |
| Utilities | 99.6 | 100.4 |
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 |
What is a good salary in New Mexico?
A person working in New Mexico typically earns around 97,400 USD per year. Salaries range from 24,600 USD (lowest average) to 435,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
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.
Why is Santa Fe New Mexico 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.
Is Santa Fe safe to live?
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.
How much money do you need to buy a house in New Mexico?
Typically, mortgage lenders in New Mexico want you to contribute 20% of the purchase price as a down payment. That would be $58,997 for a $294,986 home — the typical home value in New Mexico.
Is moving to New Mexico a good idea?
Compared to all other states, New Mexico ranks in the top half of both the most affordable states to live in and the state with the lowest average taxes paid per household. This makes it a state that isn’t overpriced and is reasonable in order to experience some of the other great things on this list.
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 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 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.
Should I move to Santa Fe NM?
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!
What is Santa Fe minimum wage?
Amended Living Wage Ordinance (Spanish)* »
| Year | Wage | Tipped |
|---|---|---|
| 2020 | $12.10 | $3.62 |
| 2019 | $11.80 | $3.53 |
| 2018 | $11.40 | $3.41 |
| 2017 | $11.09 | $3.32 |
How much is a gallon of milk in New Mexico?
Complete data
| [hide]Milk prices by state, September 2018 | ||
|---|---|---|
| State | State capital (or other large city) | Cost |
| New Hampshire | Concord | $2.69 |
| New Jersey | Trenton | $2.83 |
| New Mexico | Santa Fe | $2.09 |
What is minimum wage in NM?
$11.50 per hour
New Mexico’s statewide minimum wage for all workers is currently $11.50 per hour under a bill approved in 2019 that has gradually increased the state’s base wage rate. One final increase is planned under that bill – a rise to $12 per hour starting in January 2023.
What is high income in New Mexico?
Average Household Income: $70,241. Per Capita Income: $27,945. 4.1% of Households in New Mexico are High Income Households that make over $200,000 a year.
What are the highest paying jobs in New Mexico?
Detailed List Of Highest Paying Jobs In New Mexico
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Owner/operator | $169,619 |
| 2 | Emergency Medicine Specialist | $163,285 |
| 3 | Family Practitioner | $158,209 |
| 4 | Clinical Physician Assistant | $147,158 |