Santa Fe County · New Mexico · West · 89k residents
Santa Fe, NM: economy, jobs & business costs
The site-selection read on Santa Fe: labor costs, talent, corporate tax, energy, and business activity, with the New Mexico median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,238/wk. New Mexico's corporate income tax rate is 5.9%. Commercial electricity averages 10.5¢/kWh.
Compare Santa Fe side by side
Avg. weekly wage
$1,238/wk
Corporate income tax
5.9%
Bachelor's degree or higher
47.8%
Commercial electricity
10.5¢/kWh
Economic momentum
How fast Santa Fe's economy is moving, ranked against the US cities we track.
62/100
Steady
Ranks Santa Fe's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $444,900 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $1,231/mo |
| 2-bedroom rent | $1,647/mo |
| State & local income tax | 2.74% |
| Sales tax | 7.6% |
| Corporate income tax | 5.9% |
| Avg. weekly wage | $1,238/wk |
| Bachelor's degree or higher | 47.8% |
| Commercial electricity | 10.5¢/kWh |
| Businesses per 1k residents | 42.9/1k |
| Wage: Software developer | $112,380 |
| Wage: Registered nurse | $100,790 |
| Wage: General manager | $106,770 |
| Wage: Customer service | $41,000 |
| Wage: Warehouse worker | $36,200 |
| Wage: Heavy truck driver | $51,120 |
| Wage: Electrician | $57,250 |
| Wage: Retail salesperson | $35,960 |
| Cost of living index | 103 |
| Groceries index | 98 |
| Utilities | $145/mo |
| Transit pass | $45/mo |
| Gas price | $3.05/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $73,482 |
| Unemployment rate | 3.9% |
| Population | 89k |
| Crime index | 80/100 |
| School rating | 3.5/10 |
| Walkability | 34/100 |
| Disaster risk | 86/100 |
| Avg. commute | 22 min |
| Sunny days / year | 280 days |
| July high | 86°F |
| January low | 18°F |
| Annual snowfall | 20 in |
| Home price YoY | 0.0% |
| Home price MoM | +0.2% |
| Rent YoY | +0.8% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | 0.0% |
| Building permits YoY | +102.9% |
| Ocean coast | 672 mi |
| Big lake | 183 mi |
| Mountains | 43 mi |
| Major airport | 58 mi |
| Ski resort | 12 mi |
Popular comparisons
Nearby
- Rio Rancho, NM · 109k
- Albuquerque, NM · 562k
- South Valley, NM · 37k
- Los Lunas, NM · 19k
- Farmington, NM · 46k
Similar size
- Las Cruces, NM · 114k
- Roswell, NM · 48k
- Hobbs, NM · 40k
- Clovis, NM · 38k
- Carlsbad, NM · 32k
Real listings in Santa Fe
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Santa Fe a good place to run a business?
- New Mexico's corporate income tax rate is 5.9%; average weekly wages in the surrounding labor market run $1,238/wk; commercial electricity averages 10.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Santa Fe, NM?
- Santa Fe indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,647/mo and a acs median home value of $444,900.
- How much does a house cost in Santa Fe?
- The acs median home value in Santa Fe is $444,900 (Census ACS estimate; individual listings vary).
- How much is rent in Santa Fe?
- A two-bedroom in Santa Fe rents for about $1,647/mo.