Cost of Living: Santa Fe vs Henderson (2026)
Santa Fe has a 1% lower overall cost of living than Henderson as of Q1 2026. A one-bedroom apartment runs $1,550/mo in Santa Fe vs $1,600/mo in Henderson — a 3% difference. Henderson has no state income tax, giving residents more take-home pay than those in Santa Fe (4.9% rate).
- Santa Fe is 1% cheaper overall (COL index: 99 vs 100)
- 1BR rent: $1,550/mo in Santa Fe vs $1,600/mo — 3% savings
- Henderson has 0% state income tax — saves ~$3,300+/yr at a $75K salary
- Higher median household income: Henderson ($65,000/yr vs $58,000/yr)
- Median home price: $420,000 in Henderson vs $480,000 — 13% difference
| Category | Santa Fe New Mexico | Henderson Nevada |
|---|---|---|
| 🏠 HousingQ1 2026 | ||
| Studio rent/mo | $1,200Best | $1,250 |
| 1BR rent/mo | $1,550Best | $1,600 |
| 2BR rent/mo | $2,050Best | $2,100 |
| Median home price | $480K | $420KBest |
| 🛒 Food & GroceriesQ1 2026 | ||
| Groceries index (100 = US avg) | 99Best | 100 |
| Budget meal (1 person) | $13Best | $14 |
| Mid-range dinner (2) | $58Best | $58 |
| 🚌 TransportationQ1 2026 | ||
| Monthly transit pass/mo | $40Best | $55 |
| Gas price/gal | $3.15Best | $3.40 |
| Car insurance/mo | $142Best | $152 |
| ⚡ UtilitiesQ1 2026 | ||
| Monthly utilities bundle/mo | $158Best | $168 |
| Internet/mo | $65Best | $65 |
| 💰 Income & TaxesQ1 2026 | ||
| Median household income/yr | $58K | $65KBest |
| State income tax% | 4.9% | 0.0%Best |
| Sales tax (combined)% | 7.7%Best | 8.3% |
| 🎬 LeisureQ1 2026 | ||
| Movie ticket | $15.00Best | $15.00 |
| Gym membership/mo | $38Best | $38 |
| Beer at restaurant | $6.50Best | $6.50 |
| 📊 OverviewQ1 2026 | ||
| Overall COL index (100 = US avg) | 99Best | 100 |
| Walk score / 100 | 42Best | 30 |
Frequently asked questions
Is Santa Fe cheaper than Henderson?
Yes. Santa Fe is 1% cheaper than Henderson based on overall cost of living indices (99 vs 100, where 100 = US average).
What is the average rent in Santa Fe vs Henderson?
As of Q1 2026, the median 1-bedroom rent in Santa Fe is $1,550/month and in Henderson is $1,600/month. Santa Fe is cheaper by 3%.
How much do I need to earn in Henderson to match a $75,000 salary in Santa Fe?
To maintain a similar lifestyle, you would need approximately $75,758/year in Henderson to match a $75,000 salary in Santa Fe. This estimate is based on overall cost of living indices and does not account for individual spending patterns.
Which city has lower taxes — Santa Fe or Henderson?
Henderson has the lower state income tax rate at 0% vs 4.9%. Henderson has no state income tax at all, which can save thousands of dollars per year depending on your income. Note that sales tax and local taxes also vary — see the full breakdown in the table above.
Is it worth moving from Santa Fe to Henderson?
It depends on your priorities. Santa Fe offers lower overall costs and tax advantages, but both cities have different job markets, weather, and lifestyle trade-offs. Use the comparison table above to evaluate rent, groceries, transportation, and income potential side by side based on your specific budget.
Data sourced from Zillow, BLS, Numbeo, Tax Foundation, and US Census ACS · Updated Q1 2026 · For general guidance only
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