Santa Fe

Cost of Living in Santa Fe, NM (2026): Rent, Utilities & Take-Home

$2,021 left/mo

Photo: Wikimedia

$3,386/mo in Santa Fe. $2,021 left each month. Prices near the US average.

Pick a home city How we figure this

Monthly costs

Take-home $5,407/mo.

Taxes$1,570
Rent$1,503
Other$1,883
Left$2,021

Pay and tax, per year

Gross household pay: $83,730
Federal income tax: −$9,591
Social Security and Medicare: −$6,405
State income tax (NM): −$2,845
Take-home pay: $64,889
Effective tax rate: 22.5%

Living costs, per month

Rent, 1br: $1,503
Groceries: $384
Getting around: $491
Healthcare: $432
Utilities and internet: $240
Everything else: $336
Total spending: $3,386

After tax and rent

$2,021 left/mo

Stats

Rent: $1,789; 2 bd median
Take-home: $5,407; Per month
Tax: 23%; Of pay
Prices: 4% below; US, besides rent

Average electric bill in New Mexico

About $134 a month for a household using 900 kWh. That is the EIA residential price for New Mexico in 2025, 14.85¢ per kWh. It is a state average, not a Santa Fe utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Moving from Santa Fe

Moving from Santa Fe to Albuquerque