Retirement Planning in Santa Fe County, NM

What does it take to retire comfortably in Santa Fe County? Here are the numbers.

Median Income

$70,522

Retirement Income (80%)

$56,418

Est. Nest Egg Needed

$793,375

Cost of Living Index

108

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$56,418
Est. Social Security$24,683

Annual Income Gap$31,735

Housing Costs

Median Rent$1,252/mo
Annual Housing$15,024
Property Tax Rate0.5%

Median Home Value$374,200

About Santa Fe County, New Mexico

Santa Fe County in New Mexico has a median household income of $70,522 and a homeownership rate of 71.5%. Using the 4% rule, retirees in this county would need approximately $793,375 in savings to cover the gap between Social Security and their target retirement income.

These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.

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Property and place

Health and care costs

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.