CostIndexUSA

New Haven, CT vs Santa Fe, NM Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

CT
New Haven
104.6
overall index
$1,975/mo rent
More AffordableNM
Santa Fe
98.8
overall index
$1,950/mo rent

Santa Fe is moderately cheaper than New Haven — 5.5% lower overall cost of living.

To match an $80,000 salary in New Haven, you would need $75,600 in Santa Fe. Calculate your salary ↓

Category Breakdown

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

🏠 Housing13.1%
New Haven
124.3
Santa Fe
108
🛒 Groceries1.2%
New Haven
97.3
Santa Fe
96.1
🚗 Transportation4.0%
New Haven
107.8
Santa Fe
103.5
🏥 Healthcare4.0%
New Haven
97.5
Santa Fe
93.6
Utilities47.0%
New Haven
144.8
Santa Fe
76.7

Salary Equivalency Calculator

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

$
Equivalent salary in Santa Fe, NM
$75,600
$4,400 less needed in Santa Fe

Formula: salary × (98.8 ÷ 104.6) = salary × 0.9446. Based on BEA Regional Price Parities.

Housing Market

New Haven, CT

Median Home Price
$386,000
Median Monthly Rent
$1,975
Housing Index
124.3
Price-to-Rent Ratio
16.3×

Santa Fe, NM

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

New Haven has 13.1% lower housing costs compared to Santa Fe.

Income & Job Market

New Haven, CT

Median Household Income
$80,700
Per Capita Income
$46,000
Unemployment Rate
4.2%
Population
130,250
Top Industries
EducationHealthcareManufacturingFinanceGovernment

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).

New Haven, CT
3.4×income-to-rent ratio

71% 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.