CostIndexUSA

Idaho Falls, ID vs Santa Fe, NM Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

More AffordableID
Idaho Falls
94.4
overall index
$1,400/mo rent
NM
Santa Fe
98.8
overall index
$1,950/mo rent

Idaho Falls is slightly cheaper than Santa Fe — 4.7% lower overall cost of living.

To match an $80,000 salary in Idaho Falls, you would need $83,700 in Santa Fe. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+28.6%
Idaho Falls
84
Santa Fe
108
🛒 Groceries≈ Equal
Idaho Falls
96.2
Santa Fe
96.1
🚗 Transportation≈ Equal
Idaho Falls
103.9
Santa Fe
103.5
🏥 Healthcare≈ Equal
Idaho Falls
94
Santa Fe
93.6
Utilities+10.0%
Idaho Falls
69.7
Santa Fe
76.7

Salary Equivalency Calculator

Enter your current salary in Idaho Falls to see what you'd need to earn in Santa Fe to maintain the same purchasing power.

$
Equivalent salary in Santa Fe, NM
$83,700
$3,700 more needed in Santa Fe

Formula: salary × (98.8 ÷ 94.4) = salary × 1.0466. Based on BEA Regional Price Parities.

Housing Market

Idaho Falls, ID

Median Home Price
$399,000
Median Monthly Rent
$1,400
Housing Index
84
Price-to-Rent Ratio
23.8×

Santa Fe, NM

Median Home Price
$541,000
Median Monthly Rent
$1,950
Housing Index
108
Price-to-Rent Ratio
23.1×

Santa Fe has 28.6% higher housing costs compared to Idaho Falls.

Income & Job Market

Idaho Falls, ID

Median Household Income
$75,800
Per Capita Income
$43,200
Unemployment Rate
2.1%
Population
64,818
Top Industries
EnergyHealthcareAgricultureRetailGovernment

Santa Fe, NM

Median Household Income
$78,700
Per Capita Income
$44,900
Unemployment Rate
4.7%
Population
84,683
Top Industries
GovernmentTourismArtsHealthcareEducation

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Idaho Falls, ID
4.5×income-to-rent ratio

78% of income left after rent (median)

Santa Fe, NM
3.4×income-to-rent ratio

70% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.