HomeNew MexicoSanta Fe County
Santa Fe County, New Mexico: commercial real estate data.
Santa Fe County, New Mexico had an estimated 157,765 residents on July 1, 2024, up 1.9 percent since the 2020 census base of 154,826, across 1,909 square miles. County output reached $10.09 bn in 2024, 4,976 establishments operate here, and the SBA record carries 159 7(a) approvals worth $84.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Santa Fe County
How many people live in Santa Fe County
- Population, American Community Survey 2020-2024156,105
- Households70,767
- Average household size2.21
- Median household income$79,071
- Median age48.7
- Median gross rent$1,389 per month
- Median owner-occupied home value$446,300
- Home value to household income5.6 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher46.1 percent
- Adults 25 and over with a graduate degree23.9 percent
- Adults 25 and over120,004
- Population under 1825,077
- Share under 1816.1 percent
- Population 65 and over43,785
- Share 65 and over28.0 percent
- Working age population, 18 to 6487,243
- Civilian labor force76,615
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over58.5 percent
- Rank by population among New Mexico counties3rd of 33
- Rank by population among US county-equivalents, Puerto Rico included445th of 3,222
Santa Fe County is the 3rd largest of 33 New Mexico counties by population. A median home costs 5.6 times median household income, which is severely unaffordable by national standards. Residents 65 and over outnumber those under 18, at 28.0 percent against 16.1 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Santa Fe County
Is Santa Fe County's population growing?
- Population, July 1, 2024157,765
- Census 2020 base population154,826
- Population change since the 2020 census base1.90 percent
- Population change, 2023 to 20241,258
- Births, 20241,109
- Deaths, 20241,553
- Natural change, 2024-444
- Net domestic migration, 2024399
- Net international migration, 20241,309
- Total net migration, 20241,708
- Cumulative net domestic migration, 2021 to 20241,474
- Rank by growth among US county-equivalents1199th of 3,144
The county has grown 1.90 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Santa Fe County
Where are people moving to Santa Fe County from?
- Tax returns filed by households arriving4,704
- People arriving, from those returns7,319
- Tax returns filed by households leaving4,441
- Net household movement263
- Adjusted gross income arriving$518.5 m
- Net adjusted gross income movement$-116.7 m
- Average income of an arriving household$110,215
- Average income of a leaving household$143,031
- Largest single originBernalillo County (617 households)
- Largest single destinationBernalillo County (774 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bernalillo County | 617 | 1,016 | $38.7 m |
| Rio Arriba County | 207 | 367 | $9.7 m |
| Los Angeles County | 159 | 250 | $22.6 m |
| Sandoval County | 154 | 263 | $11.4 m |
| Los Alamos County | 127 | 202 | $-66.6 m |
| Travis County | 95 | 141 | $21.2 m |
| San Miguel County | 93 | 150 | $3.1 m |
| Maricopa County | 81 | 127 | $14.0 m |
Households arriving report $32,816 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Bernalillo County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Santa Fe County
What is the Santa Fe County economy?
- County GDP, 2024$10.09 bn
- County GDP, 2023$9.45 bn
- GDP change, 2023 to 20246.8 percent
- GDP change over five years38.7 percent
- Rank by GDP among the New Mexico areas BEA publishes5th of 33
- Rank by GDP among the US county areas BEA publishes435th of 3,127
- GDP per resident$64,614
Output grew 6.8 percent in the latest year and 38.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Santa Fe County
Employment by industry in Santa Fe County
- Covered employment, annual average61,826
- Establishments reporting6,768
- Average annual pay$61,218
- Average weekly wage$1,177
- Accommodation and food services, employment9,916
- Accommodation and food services, average annual pay$34,023
- Health care and social assistance, employment8,289
- Health care and social assistance, average annual pay$70,150
- Retail trade, employment8,246
- Retail trade, average annual pay$41,135
- Professional, scientific and technical services, employment2,923
- Professional, scientific and technical services, average annual pay$100,597
- Construction, employment2,884
- Other services, except public administration, employment2,561
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Accommodation and food services | 9,916 | 470 | $34,023 |
| Health care and social assistance | 8,289 | 827 | $70,150 |
| Retail trade | 8,246 | 738 | $41,135 |
| Professional, scientific and technical services | 2,923 | 1,154 | $100,597 |
| Construction | 2,884 | 524 | $55,223 |
| Other services, except public administration | 2,561 | 628 | $58,606 |
| Administrative and support and waste management services | 1,964 | 392 | $45,844 |
| Educational services | 1,940 | 161 | $53,638 |
Accommodation and food services is the largest private sector at 9,916 jobs, 16.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Santa Fe County
How many businesses are in Santa Fe County?
- Establishments, all industries4,976
- Employment at those establishments48,934
- Annual payroll$2.57 bn
- Establishments per 1,000 residents31.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Santa Fe County
Building permits in Santa Fe County
- Housing units authorized by permit, 2024244
- Declared construction value permitted$91.4 m
- Single family units authorized244
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$374,457
- Units authorized per 1,000 households3.4
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Santa Fe County
SBA loans in Santa Fe County (7(a) and 504)
- 7(a) approvals recorded159
- 7(a) gross approval dollars$84.8 m
- Average 7(a) approval$533,215
- Median 7(a) approval$200,000
- 10th percentile approval$22,160
- 90th percentile approval$1,313,800
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,677
- Jobs per approval10.5
- Distinct 7(a) lenders active43
- Distinct industries receiving approvals100
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer13.2 percent
- Loans on real estate terms21
- Loans on working capital terms, 120 months or shorter129
- Franchise loans17
- Franchise share of approvals10.7 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (6)
- Most active lenderCentury Bank (23)
- 504 approvals recorded96
- 504 gross approval dollars$46.7 m
- Average 504 approval$486,667
- Median 504 approval$311,500
- Distinct CDCs active5
- 504 jobs per approval6.5
- 504 jobs per million dollars approved13.4
- Most active CDCCapital Certified Development Corporation (55)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$131.5 m
The average approval of $533,215 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 13.2 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
SBA loan default and charge-off rates in Santa Fe County
Do SBA loans in Santa Fe County get paid back?
- Loans with a final outcome recorded27
- Paid in full26
- Charged off1
- Status: Paid in full26
- Status: Cancelled20
- Status: Charged off1
- Status: Exempt from disclosure104
- Status: Committed, not yet disbursed8
Only 27 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
SBA lending by place in Santa Fe County
- Borrower cities with recorded lending5
- Santa Fe, approvals151
- Edgewood, approvals5
- Sante Fe, approvals1
- Taos, approvals1
- Española, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Santa Fe | 151 | $77,952,200 |
| Edgewood | 5 | $5,900,000 |
| Sante Fe | 1 | $779,000 |
| Taos | 1 | $100,000 |
| Española | 1 | $50,000 |
Santa Fe accounts for 151 approvals against 5 in Edgewood. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Santa Fe County
How large is Santa Fe County?
- Land area1,909 sq mi
- Rank by land area among New Mexico counties29th of 33
- Width, east to west30.1 mi
- Height, north to south66.4 mi
- Geographies sharing a boundary7
- Residents per square mile of land82
- Establishments per square mile2.61
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Santa Fe County
Flood risk in Santa Fe County
- Participation of the county's own NFIP community Santa Fe County, unincorporated areasParticipating, community 350069
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Santa Fe County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Santa Fe County (community 350069), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Santa Fe County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Santa Fe County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Santa Fe County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024156,105
- Households70,767
- Average household size2.21
- Median household income$79,071
- Median age48.7
Common questions
Santa Fe County questions, answered from the record.
How many people live in Santa Fe County, New Mexico?
The Census Bureau estimates 157,765 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 156,105, in 70,767 households, ranking 3rd of 33 New Mexico counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Santa Fe County's population growing?
The population has grown 1.90 percent since the 2020 census base of 154,826, to 157,765 on July 1, 2024. In 2024 there were 1,109 births against 1,553 deaths, with net migration of 1,708. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Santa Fe County?
$79,071. The median owner-occupied home is valued at $446,300, which is 5.6 times income, and median gross rent is $1,389 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Santa Fe County?
4,976 establishments, employing 48,934 people with an annual payroll of $2.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Santa Fe County?
Accommodation and food services is the largest private sector at 9,916 jobs, 16.0 percent of covered employment. Covered employment averages 61,826 jobs at an average annual pay of $61,218, or $1,177 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Santa Fe County?
159 7(a) approvals totaling $84.8 m since FY2020, across 43 lenders, with a median approval of $200,000, plus 96 504 approvals worth $46.7 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Santa Fe County?
244 housing units were authorized by permit in 2024, with a declared construction value of $91.4 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Santa Fe County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Santa Fe County come from?
The largest single origin is Bernalillo County, with 617 households. Arriving households report an average income of $110,215 against $143,031 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Santa Fe County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Santa Fe County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Santa Fe County
Cities and places in Santa Fe.
55 Census places lie wholly or partly in Santa Fe County. All 55 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Santa Fe | city | 89,019 | 151 | Wholly in this county |
| Española | city | 10,473 | 1 | 21.2 percent here, 78.8 percent Rio Arriba County |
| Edgewood | town | 6,124 | 5 | 72.9 percent here, 23.6 percent Bernalillo County, 3.6 percent Sandoval County |
| Eldorado at Santa Fe | CDP | 5,619 | None recorded | Wholly in this county |
| La Cienega | CDP | 3,543 | None recorded | Wholly in this county |
| Agua Fria | CDP | 2,898 | None recorded | Wholly in this county |
| Chimayo | CDP | 2,390 | None recorded | 58.2 percent here, 41.8 percent Rio Arriba County |
| Pojoaque | CDP | 2,327 | None recorded | Wholly in this county |
| Las Campanas | CDP | 2,119 | None recorded | Wholly in this county |
| Nambe | CDP | 2,035 | None recorded | Wholly in this county |
| Tres Arroyos | CDP | 1,926 | None recorded | Wholly in this county |
| Tano Road | CDP | 1,586 | None recorded | Wholly in this county |
| Cuartelez | CDP | 1,512 | None recorded | Wholly in this county |
| El Rancho | CDP | 1,451 | None recorded | Wholly in this county |
| Thunder Mountain | CDP | 1,366 | None recorded | Wholly in this county |
| Barton | CDP | 1,302 | None recorded | 32.7 percent here, 67.3 percent Bernalillo County |
| El Valle de Arroyo Seco | CDP | 1,293 | None recorded | Wholly in this county |
| Cañoncito | CDP | 1,253 | None recorded | Wholly in this county |
| Tesuque | CDP | 1,079 | None recorded | Wholly in this county |
| Cedar Grove | CDP | 901 | None recorded | Wholly in this county |
| Sunlit Hills | CDP | 899 | None recorded | Wholly in this county |
| Santa Fe Foothills | CDP | 779 | None recorded | Wholly in this county |
| La Cueva | CDP | 778 | None recorded | Wholly in this county |
| San Ildefonso Pueblo | CDP | 737 | None recorded | Wholly in this county |
| Valle Vista | CDP | 729 | None recorded | Wholly in this county |
| La Puebla | CDP | 715 | None recorded | Wholly in this county |
| Conejo | CDP | 555 | None recorded | Wholly in this county |
| Cuyamungue | CDP | 509 | None recorded | Wholly in this county |
| Peak Place | CDP | 427 | None recorded | Wholly in this county |
| Jacona | CDP | 412 | None recorded | Wholly in this county |
| Glorieta | CDP | 385 | None recorded | Wholly in this county |
| Cuyamungue Grant | CDP | 376 | None recorded | Wholly in this county |
| Chupadero | CDP | 334 | None recorded | Wholly in this county |
| Tesuque Pueblo | CDP | 325 | None recorded | Wholly in this county |
| Cañada de los Alamos | CDP | 315 | None recorded | Wholly in this county |
| La Tierra | CDP | 315 | None recorded | Wholly in this county |
| Lamy | CDP | 294 | None recorded | Wholly in this county |
| Madrid | CDP | 292 | None recorded | Wholly in this county |
| Jaconita | CDP | 268 | None recorded | Wholly in this county |
| Los Cerrillos | CDP | 241 | None recorded | Wholly in this county |
| Galisteo | CDP | 231 | None recorded | Wholly in this county |
| Santa Cruz | CDP | 228 | None recorded | Wholly in this county |
| Hyde Park | CDP | 189 | None recorded | Wholly in this county |
| Rio Chiquito | CDP | 187 | None recorded | 81.1 percent here, 18.9 percent Rio Arriba County |
| Stanley | CDP | 185 | None recorded | Wholly in this county |
| Encantado | CDP | 175 | None recorded | Wholly in this county |
| San Pedro | CDP | 172 | None recorded | Wholly in this county |
| Sombrillo | CDP | 168 | None recorded | Wholly in this county |
| Arroyo Hondo | CDP | 135 | None recorded | Wholly in this county |
| Seton Village | CDP | 101 | None recorded | Wholly in this county |
| Rio en Medio | CDP | 69 | None recorded | Wholly in this county |
| Valencia | CDP | 42 | None recorded | Wholly in this county |
| Golden | CDP | 20 | None recorded | Wholly in this county |
| Cundiyo | CDP | 18 | None recorded | Wholly in this county |
| La Bajada | CDP | 11 | None recorded | Wholly in this county |
A further 2 of the county's 159 SBA 7(a) approvals are to borrowers in cities that match no Census place in Santa Fe County, the largest being Sante Fe (1), Taos (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.