salaryRent is higher than in 89% of U.S. cities. A typical house costs about 5.1 years of household income. Commutes are long, about 32.9 minutes each way. Most homes (95.8%) are owned, so rentals can be hard to find. It is a highly educated city: 68% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $107,120 a year. That is $52 an hour at a full-time job.
Is rent cheaper than other New Mexico cities?
No. Rent here is more expensive than in most of New Mexico. It is number 44 of 44 cities from cheapest to most expensive.
How much do households earn in Eldorado at Santa Fe?
Share of households by yearly income. 46.8% of households earn $100,000 or more.
Rent by apartment size in Eldorado at Santa Fe
| Size | Eldorado at Santa Fe | U.S. average |
|---|---|---|
| 2 bedrooms | $2,823 | $1,509 |
| 3 bedrooms | $2,607 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Eldorado at Santa Fe overall?
Everyday prices in New Mexico overall are 8% below the U.S. average (index 92.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Eldorado at Santa Fe, so the New Mexico figure is shown.
Taxes and bills in Eldorado at Santa Fe
Life in Eldorado at Santa Fe
Is it cheaper to rent or buy in Eldorado at Santa Fe?
Renting is cheaper right now: about $1,429 a month less.
Owning assumes a typical $591,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $59,190 for the down payment.
Frequently asked questions
What is the average rent in Eldorado at Santa Fe, NM?
Renting in Eldorado at Santa Fe costs a median of about $2,678 a month in 2026, including utilities. The New Mexico median is $1,181.
How much do I need to make to live in Eldorado at Santa Fe?
To keep rent under 30% of income, you need about $107,120 a year, or $52 an hour at a full-time job.
Is Eldorado at Santa Fe cheap or expensive?
Eldorado at Santa Fe is rated OK: rent takes 27.9% of the typical household income of $115,004. It ranks 44th cheapest of 44 New Mexico cities we track.
How much are property taxes in Eldorado at Santa Fe?
The median homeowner in Eldorado at Santa Fe pays $2,870 a year in property taxes, about 0.48% of the median home value.
Is Eldorado at Santa Fe more expensive than the national average?
Overall prices in New Mexico are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Eldorado at Santa Fe?
The median home value in Eldorado at Santa Fe is $591,900, about 5.1 times the typical yearly household income.
5,619 people live in Eldorado at Santa Fe. Numbers are typical (middle) values.