Why Is Santa Fe So Expensive?

by | Last updated on January 24, 2024

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Santa Fe is New Mexico's capital, and capital cities, with their captive audiences of government employees, agencies, lobbyists, etc., have always commanded a higher price for many goods and services . Santa Fe is also “the city different,” with a high tourism population and many lucrative services for that population.

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.

Is Santa Fe an expensive place to live?

With over 80,000 residents and growing at a rapid pace, Santa Fe is rich with history, old architecture, and a vibrant culture that goes back hundreds of years. With a cost of living index at 115.4, Santa Fe is generally considered more expensive than the national average – and you'll see why in the moment.

How expensive is it to live in Santa Fe?

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

Why are hotels in Santa Fe so expensive?

Santa Fe Hotel Prices

The cost of staying in Santa Fe is much higher than the average city. ... Luxury vacation rentals are more expensive in Santa Fe due to very high property costs .

What celebrities live in Rancho Santa Fe?

Among the scant 5,000 residents are such celebrities as former professional major league baseball player Rick Aguilera , Microsoft's Bill Gates, Janet Jackson, and even a movie star or two.

What is it really like to live in Santa Fe NM?

Living in Santa Fe offers residents a dense suburban feel and most residents own their homes. In Santa Fe there are a lot of restaurants, coffee shops, and parks. Many young professionals and retirees live in Santa Fe and residents tend to lean liberal.

How much money do you need to live comfortably in Santa Fe NM?

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 or Sedona better?

Santa Fe is quite a bit larger than Sedona , and offers many more museums, historic sites, restaurants, etc. than the latter, although Sedona is a great place to visit also.

What are winters like in Santa Fe?

Winter temps average 43 degrees F during the day , but dip into the upper teens at night. Because Santa Fe enjoys an average of 283 sunny days a year, winter snow accumulation is often short-lived in the city—all but the occasional icy patch melts shortly after it falls.

Does it get cold in Santa Fe?

How Often Santa Fe Has Cold Temperatures. Winter nights can get chilly at Santa Fe . The city averages two nights a year when the temperature drops to 0 °F (-18 °C) or below.

What is the coldest month in Santa Fe New Mexico?

Average Temperature in Santa Fe

The cold season lasts for 3.0 months, from November 22 to February 21, with an average daily high temperature below 48°F. The coldest day of the year is January 6 , with an average low of 18°F and high of 40°F.

Are there bad neighborhoods in Santa Fe?

Santa Fe is in the 9th percentile for safety, meaning 91% of cities are safer and 9% of cities are more dangerous . ... Your chance of being a victim of crime in Santa Fe may be as high as 1 in 11 in the central , or as low as 1 in 29 in the southeast part of the city.

Why do people retire in Santa Fe?

The City Different features many desirable amenities for retirees: comfortable weather, relative seclusion, friendly people, and more . These luxuries are attractive to any potential resident, but there are more practical reasons why over 20% of Santa Fe's residents are 65 or older.

Is Santa Fe good for retirement?

You don't have to look far online to find people who agree that Santa Fe is a desirable retirement community . Conde Nast listed Santa Fe as one of the world's top 10 best places to retire, for example, and US News and World Report picked Santa Fe as one of the best 10 places to reinvent your life in retirement.

Timothy Chehowski
Author
Timothy Chehowski
Timothy Chehowski is a travel writer and photographer with over 10 years of experience exploring the world. He has visited over 50 countries and has a passion for discovering off-the-beaten-path destinations and hidden gems. Juan's writing and photography have been featured in various travel publications.