Side-by-side cost of living comparison for 2026
8% cheaper
Santa Fe is 8% more affordable than Miami. A $75,000 salary in Miami is equivalent to $69,094 in Santa Fe.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: Florida salaries · New Mexico salaries
Housing is typically the biggest factor in any cost-of-living comparison. Miami has a housing index of 172 while Santa Fe sits at 153 (national average = 100). The median home in Miami costs $450,000 compared to $480,000 in Santa Fe, a difference of $30,000. Monthly rent follows a similar pattern: $2,200 in Miami versus $1,600 in Santa Fe.
Groceries and everyday expenses show a notable difference: Miami scores 108 while Santa Fe scores 103.
Healthcare costs in Miami (99) are higher than Santa Fe (95). Both are close to the national average.
Median household income in Miami is $44,268 compared to $61,982 in Santa Fe. When adjusted for cost of living, income goes further in Santa Fe.
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