Can I Afford to Live in Lima vs Santa Fe on $50K?

Here's how a $50K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.

Lima, PE
$3,160/mo take-home
Rent: $500/mo (16% of take-home)
Very comfortable
Santa Fe, NM
$2,956/mo take-home
Rent: $1,550/mo (52% of take-home)
Difficult

Monthly budget breakdown

Lima
PE
Santa Fe
NM
Monthly take-home (est.)
$3,160Best ✓
$2,956
1BR rent
$500Best ✓
$1,550
Groceries (est.)
$380
$376Best ✓
Transport (est.)
$150
$40Best ✓
Utilities
$55Best ✓
$158
Internet
$25Best ✓
$65
Left after essentials
$2,050/month
$767/month
Lima (Lima Province) has no state income tax, boosting take-home vs Santa Fe (NM rate: 4.9%).

Frequently asked questions

Is $50K a good salary in Lima?

At $50K/year in Lima, your estimated monthly take-home is $3,160. With 1BR rent around $500/month, rent takes up 16% of your take-home. That's considered very comfortable.

Is $50K a good salary in Santa Fe?

At $50K/year in Santa Fe, your estimated monthly take-home is $2,956. With 1BR rent around $1,550/month, rent takes up 52% of your take-home. That's considered difficult.

Which city is more affordable on a $50K salary?

Lima leaves you with more money after core expenses — $2,050/month vs $767/month in Santa Fe.

Can I afford to live alone in Lima on $50K?

Yes. At $50K in Lima, rent takes 16% of your take-home, leaving $2,050/month after essentials. Most financial planners recommend keeping rent below 30%.

Compare other salary bands — Lima vs Santa Fe

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See the full cost-of-living comparison

Rent, groceries, taxes, transportation, and more — side by side.

Full comparison

Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only