Located in the state of New Mexico, Santa Fe is a mid-sized city with a population of 82,927 people. The majority of Santa Fe residents report their race to be White; this is followed by American Indian and Alaskan and Black. Additionally, more than a quarter of the population of Santa Fe are of Hispanic or Latino origin, and 33% of the population also speak Spanish.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Santa Fe could be a positive experience compared to other cities in New Mexico if you know where to look. Finding the best places to live in Santa Fe and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, weather, education, employment and other important metrics.
Using data and statistics Santa Fe has received a livability score of 62 out of 100. This score is ranked in the 28th percentile when compared to all other cities. If we check out each of the categories on their own, we see that Santa Fe ranks well for amenities (A+). Santa Fe does not rank well for the following: crime (D-), education (F) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Santa Fe has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: Loretto Chapel, Canyon Road, and The Plaza.
Assuming that Santa Fe meets all of your requirements, the next most important item to examine is the affordability of real estate in Santa Fe. Everything else becomes a lot less important if it turns out that home prices in Santa Fe are simply unattainable. Median real estate prices in Santa Fe come in at $259,700, which is 60.7% higher than the New Mexico average. The home price to income ratio compares the median home prices to the median household income. In Santa Fe, the home price to income ratio is 5, which is 42.9% higher than the New Mexico average. Year over year appreciation rates for homes in the Santa Fe area were 12.4% and the 5 year appreciation rates came in at 2.1%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.