Santa Fe, NM at a glance
Median household income
$73,482$6,124 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Santa Fe, NM?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Santa Fe, NM? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Santa Fe, NM MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,259 | $15,108 | $50,360 | 20.6% |
| 1-Bedroom Apartment | $1,390 | $16,680 | $55,600 | 22.7% |
| 2-Bedroom ApartmentBenchmark | $1,685 | $20,220 | $67,400 | 27.5% |
| 3-Bedroom Home | $2,122 | $25,464 | $84,880 | 34.7% |
| 4-Bedroom Home | $2,231 | $26,772 | $89,240 | 36.4% |
What a typical income covers in Santa Fe, NM
The 50/30/20 rule applied to the local median of $73,482 a year ($6,124 a month before tax).
What $73,482 leaves after New Mexico taxes
Federal income tax, Social Security, Medicare and New Mexico tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in New Mexico
Living in Santa Fe, NM: common questions
What is the median household income in Santa Fe, NM?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Santa Fe, NM is $73,482 per year (approximately $6,124 per month).
What is the average rent in Santa Fe, NM?
The closest official figure is HUD's Fair Market Rent for 2026: $1,259 for a studio, $1,390 for one bedroom, $1,685 for two, $2,122 for three and $2,231 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Santa Fe, NM expensive to live in?
Prices there run 1.2% below the U.S. average. BEA's regional price parity for the metro area is 98.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Santa Fe, NM?
To keep a $1,685 two-bedroom under 30% of gross income, a household needs about $67,400 a year, or $5,617 a month. That is 92% of what the typical household in Santa Fe, NM earns.
How much do you need to live comfortably in Santa Fe, NM?
On the local median income of $73,482 ($6,124 a month before tax), the 50/30/20 rule leaves $3,062 a month for needs like rent, utilities and groceries, $1,837 for everything else and $1,225 for savings or debt. A two-bedroom at $1,685 takes 55% of the needs share.
How much is the electric bill in Santa Fe, NM?
Homes in New Mexico paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.