Side-by-side cost of living comparison for 2026
9% cheaper
Minneapolis is 9% more affordable than Santa Fe. A $75,000 salary in Santa Fe is equivalent to $67,949 in Minneapolis.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: Minnesota salaries · New Mexico salaries
Housing is typically the biggest factor in any cost-of-living comparison. Minneapolis has a housing index of 112 while Santa Fe sits at 153 (national average = 100). The median home in Minneapolis costs $310,000 compared to $480,000 in Santa Fe, a difference of $170,000. Monthly rent follows a similar pattern: $1,500 in Minneapolis versus $1,600 in Santa Fe.
Groceries and everyday expenses show a narrower gap: Minneapolis scores 104 while Santa Fe scores 103. Both cities are close to the national average for grocery costs.
Healthcare costs in Minneapolis (105) are higher than Santa Fe (95). Both are close to the national average.
Median household income in Minneapolis is $64,285 compared to $61,982 in Santa Fe. When adjusted for cost of living, income goes further in Minneapolis.
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