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This question is about Santa Fe, NM.
What is a good salary in Santa Fe, NM?
A good salary in Santa Fe, NM is anything over $48,000. That's because the median income in Santa Fe is $48,000, which means if you earn more than that you're earning more than 50% of the people living in Santa Fe. The average salary in Santa Fe is $57,083.
A good hourly wage in Santa Fe is $23.08 per hour. That works out to a good weekly wage of $923 per week and a good monthly wage of $4,000 per month. However, using the median income is only one way to calculate a good salary in Santa Fe.
Another way to calculate a good salary in Santa Fe is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $280,800, a good salary in Santa Fe would be $56,160.
Lastly, we can determine a good salary in Santa Fe by looking at the cost of living and comparing it to the US average salary. The cost of living in Santa Fe is 2% higher than than the national average. The national average salary is $56,310, so a good salary in Santa Fe is anything over $57,436 by this measure.
Average Annual Salary in Santa Fe, NM
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $48,000 | $4,000 | $923 | $23.08 |
| 75th | $71,000 | $5,916 | $1,365 | $34.13 |
| 90th | $100,000 | $8,333 | $1,923 | $48.08 |
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