Santa Fe County, New Mexico Income Statistics
Santa Fe County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Santa Fe County Around averageAmong the top 3 wealthiest counties in New Mexico
Source: Map AI Methodology
Income Statistics Overview
| Metric | Santa Fe County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,204 | $64,523 | $80,455 |
| Median Personal Income | $58,043 | $52,404 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.4% | 4.8% |
| Six-Figure Earners | 16.1% | 10.2% | 13.9% |
| $200k+ Households | 13.1% | 7.8% | 13.2% |
The median household income in Santa Fe County is about 23% higher than in New Mexico. Income has been growing faster in Santa Fe County (4.6%/yr) than in New Mexico (4.4%/yr).
About 16% of adults in Santa Fe County 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 County, New Mexico grew by 49.2% from 2009 to 2024, reaching $79,204 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Santa Fe County
| Metric | Santa Fe County | New Mexico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.567 | 0.552 |
| Male Median Income | $69,700 | $60,037 | $69,667 |
| Female Median Income | $59,555 | $51,390 | $56,850 |
| Gender Pay Gap | 14.6% | 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 County, it is 0.533, 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 17% more than women's income in Santa Fe County, New Mexico. Over a 35-year career, a 17% wage gap accumulates to roughly $355,075 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 County, New Mexico has widened from about 8% to 15% in 2024. Over that period the gap was widest at 15% in 2023, and was narrowest at 3% in 2018. In dollar terms, the gap has widened by $6,826 since 2009.
Sharply against the trend: the pay gap in Santa Fe County widened by 6.6 points while New Mexico's narrowed by 8.9 points.
Employment
| Metric | Santa Fe County | New Mexico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.9% | 5.2% |
| Working from Home | 18.4% | 12.2% | 15.0% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 4,027 people are unemployed in Santa Fe County, New Mexico.
The average commute time in Santa Fe County is 20 minutes, longer than the 18 minutes in New Mexico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Santa Fe County, New Mexico has fallen from 7.9% to 5.2% in 2024. Over that period the rate peaked at 9.8% in 2013 and fell as low as 4.1% in 2019.
Santa Fe County, NM Wealth Compared With Nearby Counties
Santa Fe County, NM is the 2nd largest of the 6 counties compared here, 155,407 residents against a local median of 34,542. Santa Fe County, NM sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median household income, 14% above the local median at $79,204 against $69,651. Santa Fe County, NM has the 3rd highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Santa Fe County, NM | 155,407 | $79,204 #3/6 | 4.6%/yr #4/6 | 5.2% #3/6 | 0.533 #3/6 |
| Los Alamos County, NM | 19,409 | $146,398 | 4.3%/yr | 1.0% | 0.467 |
| Bernalillo County, NM | 672,163 | $69,651 | 4.5%/yr | 5.3% | 0.547 |
| Torrance County, NM | 15,478 | $58,548 | 8.2%/yr | 9.0% | 0.528 |
| Sandoval County, NM | 153,584 | $85,813 | 4.7%/yr | 5.1% | 0.548 |
| Taos County, NM | 34,542 | $59,024 | 6.7%/yr | 7.6% | 0.535 |
Conclusion
Considering all these factors, Santa Fe County, 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 County, New Mexico.
How Rich Is Santa Fe County, New Mexico?
Santa Fe County 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 $79,204, about 23% higher than the New Mexico average of $64,523.
How has median household income changed in Santa Fe County, New Mexico?
Between 2009 and 2024, the median household income in Santa Fe County, New Mexico rose 49%, from $53,086 to $79,204. 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 County in 2023?
In 2023, the median household income in Santa Fe County, New Mexico was $74,741, up 6% from $70,332 in 2022. The New Mexico median that year was $62,406.
What was the median household income in Santa Fe County in 2020?
In 2020, the median household income in Santa Fe County, New Mexico was $60,632. By 2024 it had risen 31% to $79,204.
Do many residents of Santa Fe County, New Mexico earn over $100,000?
Yes. 16% of adults in Santa Fe County, New Mexico earn $100,000 or more a year (about 1 in 6), against 10% (about 1 in 10) in New Mexico. 13% 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 County, New Mexico?
The Gini coefficient in Santa Fe County is 0.533. 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 County, New Mexico?
Since 2009, the income gap between men and women in Santa Fe County, New Mexico has widened from about 8% to 15% in 2024. Over that period the gap was widest at 15% in 2023, and was narrowest at 3% in 2018. In dollar terms, the gap has widened by $6,826 since 2009.
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