salaryRent is lower than in 60% of U.S. cities. A typical house costs about 3.0 years of household income. Most homes (81.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $58,400 a year. That is $28 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 216 of 426 cities from cheapest to most expensive.
How much do households earn in Santa Fe?
Share of households by yearly income. 36.6% of households earn $100,000 or more.
Rent by apartment size in Santa Fe
| Size | Santa Fe | U.S. average |
|---|---|---|
| 1 bedroom | $1,073 | $1,324 |
| 2 bedrooms | $1,337 | $1,509 |
| 3 bedrooms | $2,226 | $1,698 |
| 4 bedrooms | $1,001 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Santa Fe overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Santa Fe, so the Texas figure is shown.
Taxes and bills in Santa Fe
Life in Santa Fe
Is it cheaper to rent or buy in Santa Fe?
Renting is cheaper right now: about $801 a month less.
Owning assumes a typical $325,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,580 for the down payment.
Frequently asked questions
What is the average rent in Santa Fe, TX?
Renting in Santa Fe costs a median of about $1,460 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Santa Fe?
To keep rent under 30% of income, you need about $58,400 a year, or $28 an hour at a full-time job.
Is Santa Fe cheap or expensive?
Santa Fe is rated Cheap: rent takes 16.4% of the typical household income of $106,976. It ranks 216th cheapest of 426 Texas cities we track.
How much are property taxes in Santa Fe?
The median homeowner in Santa Fe pays $4,576 a year in property taxes, about 1.40% of the median home value.
Is Santa Fe more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Santa Fe?
The median home value in Santa Fe is $325,800, about 3.0 times the typical yearly household income.
12,901 people live in Santa Fe. Numbers are typical (middle) values.