Santa Fe, TX

Below Avg · 83

Texas · Population 12,828 · Updated March 2026

$974
Median Rent / Month
$95,815
Median Income
$290,200
Median Home Value
$1,314
Owner Costs / Month

Affordability

How far your income goes in Santa Fe

12.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$11,688
Annual Rent
$0
State Income Tax
$4,643
Property Tax (est.)

Cost of Living Overview

Santa Fe is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Santa Fe residents can expect to pay median rent of $974/month while earning a median household income of $95,815/year.

The median home value in Santa Fe, TX is $290,200, with typical monthly owner costs around $1,314 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Santa Fe.

Frequently Asked Questions

Common questions about living costs in Santa Fe

What is the cost of living in Santa Fe, TX?
The cost of living index in Santa Fe, TX is 83 (US average = 100). Median monthly rent is $974, median household income is $95,815/year, and the median home value is $290,200.
Is Santa Fe, TX affordable?
Yes, Santa Fe is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 12.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Santa Fe, TX?
The median gross rent in Santa Fe, TX is $974 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,688.
What is the median household income in Santa Fe?
The median household income in Santa Fe, TX is $95,815 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.