Santa Fe city, NM

ZIP 87505 — 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 (87505)

Median Income

$75,912

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,016

Wealth inflow

Population

32,189

Unemployment

5.7%

2.0pp above US avg

IRS migration statistics show a net inflow of about 1,016 for ZIP 87505 (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

5.7%+54% vs US avg

Self-Employed

4.8%-21% vs US avg

SNAP Benefits

11.8%+1% vs US avg

1,576

Establishments

16,182

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, mining0.8%
Construction5.6%
Manufacturing3.2%
Wholesale trade0.5%
Retail trade11.0%
Transportation, utilities2.6%
Information2.8%
Finance, insurance, real estate5.0%
Professional, scientific, management17.1%
Education, health care, social24.1%
Arts, entertainment, food services12.5%
Other services7.5%
Public administration7.4%

Household Income

Historical Trends in 87505 (2020–Present)

Since 2020, population grew 5.1%, median income rose 2.5% (inflation-adjusted), home values increased 17.0%.

Median Income

$75,912

+1% vs US avg

Unemployment Rate