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Santa Fe, New Mexico

city · Santa Fe County

At a glance

89,019
Population
$444,900
Median home value (all homes)
47% above U.S. median
$591,316
Typical market value
Zillow, 2026-07
$1,463/mo
Median rent
9% above U.S. median
$73,482
Median household income
6% below U.S. median
21 min
Average commute
91.7%
Homes with broadband
6.06%
Locations with fiber available
5.1%
Unemployment

Cost of living (Clay Affordability Index)

CAI 112 — 12% above the national average. how it's computed

Housing64% above
Goods & services3% below
Utilities26% below
Taxes31% below
Insurance21% below
Commute cost30% below
For business: New Mexico is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college2 mi
Nearest community college7 mi
Nearest technical college3 mi
High school graduates91.3%
College graduates47.8%

Doing business here

Economic development contacts, most local first:

city Santa Fe Economic Development
The Office of Economic Development is the City of Santa Fe’s local business support team, aiming to grow and connect the city’s business community by providing financing, loans, grants, technical assistance, planning, marketing, job training, and workforce development resources to entrepreneurs and businesses in Santa Fe.
city Santa Fe Economic Development
The City of Santa Fe's Economic Development department supports local businesses and entrepreneurs with financing, loans, and grants; technical assistance, planning, and marketing guidance; and navigating city regulations and business licensing.
region Regional Development Corp (Northern New Mexico)
The RDC is a private non-profit 501(c)3 organization dedicated to improving economic development in Northern New Mexico. The RDC provides private investment opportunities and technical assistance to facilitate job growth and diversify the economies of communities in seven counties and the municipalities and Native American Pueblos therein.
state New Mexico Economic Development
The New Mexico Economic Development Department's (NMEDD) mission is creating pathways to prosperity for all New Mexicans. The department works to attract, retain, and expand businesses in New Mexico through a variety of incentive programs, grants, and resources designed to grow the state's economy and create high-wage jobs. NMEDD supports communities across the state with tools for economic development, outdoor recreation, film production, and entrepreneurship.
state New Mexico Economic Development Partnership
The New Mexico Partnership is the state’s single point of contact for business expansion, representing the State of New Mexico by helping companies outside the state explore opportunities, evaluate sites, and establish new operations here with confidence, through site selection support, incentive guidance, workforce analysis, and local coordination with the New Mexico Economic Development Department and a statewide network of partners.
state New Mexico Small Business Development Center
The New Mexico SBDC Network provides no-cost business consulting and low or no cost business training to entrepreneurs throughout the state. The organization aims to develop skilled entrepreneurs and strong businesses through counseling and trainings.
state The Navajo Nation Economic Development
The Navajo Nation Division of Economic Development provides information and assistance for businesses considering investment, expansion, or relocation on Navajo Nation lands across Arizona, New Mexico, and Utah, highlighting land, labor resources, energy resources, and tax incentives to attract economic activity.
State sales taxYes
State income taxYes
Right-to-work stateNo

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