Santa Fe, New Mexico Income Statistics
Santa Fe Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Santa Fe Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Santa Fe | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,497 | $64,523 | $80,455 |
| Median Personal Income | $54,764 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 14.8% | 10.2% | 13.9% |
| $200k+ Households | 10.7% | 7.8% | 13.2% |
The median household income in Santa Fe is about 14% higher than in New Mexico. Income has been growing faster in Santa Fe (4.6%/yr) than in New Mexico (4.4%/yr).
About 15% of adults in Santa Fe earn six figures ($100,000 or more) a year, higher than the New Mexico average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Santa Fe, New Mexico grew by 49.1% from 2009 to 2024, reaching $73,497 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Santa Fe
| Metric | Santa Fe | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.567 | 0.552 |
| Male Median Income | $64,959 | $60,037 | $69,667 |
| Female Median Income | $58,104 | $51,390 | $56,850 |
| Gender Pay Gap | 10.6% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Santa Fe, it is 0.522, lower than New Mexico's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Santa Fe, New Mexico. Over a 35-year career, a 12% wage gap accumulates to roughly $239,925 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Santa Fe, New Mexico has widened from about 5% to 11% in 2024. Over that period the gap was widest at 12% in 2023, and in 2017 women out-earned men by 2%. In dollar terms, the gap has widened by $5,007 since 2009.
Sharply against the trend: the pay gap in Santa Fe widened by 5.6 points while New Mexico's narrowed by 8.9 points.
Employment
| Metric | Santa Fe | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.9% | 5.2% |
| Working from Home | 17.4% | 12.2% | 15.0% |
| Commute time (minutes) | 17 | 18 | 22 |
Approximately 2,151 people are unemployed in Santa Fe, New Mexico.
The average commute time in Santa Fe is 17 minutes, shorter than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Santa Fe, New Mexico has fallen from 8.0% to 4.9% in 2024. Over that period the rate peaked at 10.1% in 2013 and fell as low as 4.2% in 2019.
Conclusion
Considering all these factors, Santa Fe, New Mexico has an overall wealth index grade of B, making it somewhat better than New Mexico, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Santa Fe, New Mexico.
How Rich Is Santa Fe, New Mexico?
Santa Fe has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $73,497, about 14% higher than the New Mexico average of $64,523.
How has median household income changed in Santa Fe, New Mexico?
Between 2009 and 2024, the median household income in Santa Fe, New Mexico rose 49%, from $49,291 to $73,497. Over the same years, income here lagged behind New Mexico as a whole: +49% against +50%.
What was the median household income in Santa Fe in 2023?
In 2023, the median household income in Santa Fe, New Mexico was $69,938, up 5% from $66,839 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Santa Fe in 2020?
In 2020, the median household income in Santa Fe, New Mexico was $57,592. By 2024 it had risen 28% to $73,497.
Do many residents of Santa Fe, New Mexico earn over $100,000?
Yes. 15% of adults in Santa Fe, New Mexico earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in New Mexico. 11% of households have a combined income of $200,000 or more, compared with 8% in New Mexico.
What is the Gini coefficient in Santa Fe, New Mexico?
The Gini coefficient in Santa Fe is 0.522. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Santa Fe, New Mexico?
Since 2009, the income gap between men and women in Santa Fe, New Mexico has widened from about 5% to 11% in 2024. Over that period the gap was widest at 12% in 2023, and in 2017 women out-earned men by 2%. In dollar terms, the gap has widened by $5,007 since 2009.
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