City Comparison

Lake Charles vs Santa Fe

Cost of Living Comparison · 2026

Lake Charles

Louisiana
84
Very Affordable
$149,000
Median Home
$925/mo
Median Rent
$59,200
Median Income

Santa Fe

New Mexico
117
Above Average
$480,000
Median Home
$1,600/mo
Median Rent
$61,982
Median Income

The Verdict

28.2%

Lake Charles is 28.2% less expensive than Santa Fe overall. A household earning $75,000 in Lake Charles would need approximately $104,464 in Santa Fe to maintain the same standard of living.

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Housing
69
Lake Charles
153
Santa Fe
Groceries
96
Lake Charles
103
Santa Fe
Utilities
71
Lake Charles
96
Santa Fe
Transportation
102
Lake Charles
99
Santa Fe
Healthcare
102
Lake Charles
95
Santa Fe

Salary Equivalence

A $75,000 salary in Lake Charles has the same purchasing power as $104,464 in Santa Fe.

Conversely, $75,000 in Santa Fe equals $53,846 in Lake Charles.

Living in Lake Charles vs Santa Fe

Housing Costs

Lake Charles's housing index of 69 is lower Santa Fe's 153, translating to median home prices of $149,000 vs $480,000. The $331,000 difference in home prices means roughly $21,516 per year in additional mortgage costs at current rates. Renters face a similar gap: $925/mo in Lake Charles compared to $1,600/mo in Santa Fe, a monthly difference of $675.

Grocery & Food Costs

Grocery expenses index at 96 in Lake Charles and 103 in Santa Fe. A household spending the national average of $475/month on groceries would pay approximately $456/month in Lake Charles vs $489/month in Santa Fe. Lake Charles offers a meaningful advantage on everyday food costs, saving roughly $396/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 71 in Lake Charles and 96 in Santa Fe. Monthly utility bills average approximately $284 in Lake Charles vs $384 in Santa Fe. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 102 in Lake Charles and 95 in Santa Fe. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.

Income & Purchasing Power

Median household income is $59,200 in Lake Charles and $61,982 in Santa Fe. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $70,476 and $52,976 respectively. Lake Charles residents enjoy stronger real purchasing power despite lower nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,381/month to housing in Lake Charles vs $1,446/month in Santa Fe. In Lake Charles, median rent of $925/mo fits within this budget. In Santa Fe, median rent of $1,600/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 84 index points — focus your budget analysis there.

Frequently Asked Questions

Lake Charles is 28.2% more affordable overall with an index of 84 vs 117.
A $75,000 salary in Lake Charles has equivalent purchasing power to approximately $104,464 in Santa Fe, based on the cost of living difference.
Lake Charles's housing index is 69 with median homes at $149,000, while Santa Fe's is 153 with median homes at $480,000.

Moving & Relocation Resources

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