Cost of LivingUpdated 2026-03-23

Santa Fe, New Mexico

In Santa Fe, New Mexico, a gallon of regular gas costs $3.83 as of 2026-03-23 — $0.38 above the national average of $3.45. The average monthly rent for all unit types is $1,500, compared to the national average of $1,900. Grocery inflation is running at 2.58% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Santa Fe's cost-of-living index of 95 puts it below the national average of 100.

Key Numbers

Gas (Regular)

$3.83

National: $3.45

2.6%vs. 2022
AAA Gas Prices

Avg Rent (All)

$1,500

National: $1,900

14.0%vs. 2022

Grocery Inflation

2.58%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$12.95

Combo meal

3.9%YoY

Electricity

14.2¢/kWh

~$128/mo avg bill

12.3%vs national avg
EIA Residential

Car Insurance

$165/mo

$1,980/yr state avg

7.9%vs national avg
Bankrate/NAIC

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Grocery Prices

Grocery Item Prices — 2022 to Present

Item20222023202420252026Change
Eggs (dozen)Bird flu volatility$1.73$2.06$2.61$3.79$2.11+2960.0%
Milk (gallon)$3.43$3.71$3.71$3.90$3.90+630.0%
Ground Beef (lb)$3.75$4.56$4.74$4.93$4.98+32.8%
Bread (loaf)$2.09$2.85$3.11$3.26$3.36+1900.0%
Chicken Breast (lb)$3.80$4.11$4.28$4.37$4.50+2630.0%
Butter (lb)$3.95$4.38$4.64$4.87$5.02+27.1%
Bacon (lb)$6.31$6.81$7.29$7.58$7.81+23.8%
Cheddar Cheese (lb)$5.80$6.32$6.57$6.70$6.90+19.0%
Pasta (lb)$1.47$1.79$1.90$1.98$2.02+37.4%
Rice (5 lb)$4.12$4.79$4.93$4.98$5.13+24.5%
Coffee (12 oz)$8.50$10.10$10.91$11.46$11.69+37.5%
Orange Juice (64 oz)Citrus shortage$3.76$4.39$4.93$5.12$5.38+43.1%
Potatoes (5 lb)$4.04$4.24$4.41$4.59$4.68+15.8%
Apples (3 lb)$4.50$4.73$4.87$4.92$5.07+12.7%
Tomatoes (lb)$2.22$2.46$2.66$2.77$2.88+29.7%
Lettuce (head)$1.78$1.96$2.14$2.29$2.34+31.5%
Cooking Oil (48 oz)$5.34$6.67$7.13$7.27$7.42+39.0%
Yogurt (32 oz)$4.12$4.54$4.67$4.76$4.86+18.0%
Cereal (family size)$4.52$5.25$5.62$5.79$5.79+28.1%
Frozen Pizza$6.32$7.51$8.03$8.60$8.68+37.3%

Dining & Restaurants

Fast Food Meal

$12.95

Casual Dining

$23.71

Monthly Spend

$392.48

+3.88% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $8.03

$12.95

+61.3%

Wendy's

2022: $9.06

$13.99

+54.4%

Chipotle

2022: $9.71

$14.50

+49.3%

Starbucks

2022: $4.27

$5.93

+38.9%

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Looking for an Apartment in Santa Fe?

Average 1BR: $1,170/mo · 2BR: $1,770/mo

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