Santa Fe city, NM

ZIP 87501 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Santa Fe city, NM (87501)

Median Income

$81,229

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+487

Wealth inflow

Population

15,409

Unemployment

4.5%

0.8pp above US avg

IRS migration statistics show a net inflow of about 487 for ZIP 87501 (Santa Fe city, NM) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.5%+20% vs US avg

Self-Employed

4.5%-26% vs US avg

SNAP Benefits

5.5%-53% vs US avg

1,269

Establishments

13,190

Employees

~10 per establishment — small businesses dominate

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.2%
Construction3.8%
Manufacturing1.7%
Wholesale trade1.0%
Retail trade12.2%
Transportation, utilities1.6%
Information2.5%
Finance, insurance, real estate4.2%
Professional, scientific, management22.0%
Education, health care, social25.4%
Arts, entertainment, food services14.9%
Other services3.5%
Public administration6.8%

Household Income

Historical Trends in 87501 (2020–Present)

Since 2020, population declined 0.8%, median income rose 6.3% (inflation-adjusted), home values increased 14.3%.

Median Income

$81,229

+8% vs US avg

Unemployment Rate