Santa Fe vs Oklahoma City

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: New Mexico salaries · Oklahoma salaries

Living in Santa Fe vs Oklahoma City

Housing is typically the biggest factor in any cost-of-living comparison. Santa Fe has a housing index of 153 while Oklahoma City sits at 68 (national average = 100). The median home in Santa Fe costs $480,000 compared to $195,000 in Oklahoma City, a difference of $285,000. Monthly rent follows a similar pattern: $1,600 in Santa Fe versus $1,000 in Oklahoma City.

Groceries and everyday expenses show a notable difference: Santa Fe scores 103 while Oklahoma City scores 95. Both cities are close to the national average for grocery costs.

Healthcare costs in Santa Fe (95) are higher than Oklahoma City (92).

Median household income in Santa Fe is $61,982 compared to $55,458 in Oklahoma City. When adjusted for cost of living, income goes further in Oklahoma City.

Relocating: Santa Fe vs Oklahoma City

If you are considering a move between Santa Fe (index: 117) and Oklahoma City (index: 87), the 26% cost difference has real implications for your budget. Oklahoma City is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Santa Fe can afford $1,446/month, while the median household in Oklahoma City can afford $1,294/month. With median homes at $480,000 in Santa Fe versus $195,000 in Oklahoma City, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,600/month in Santa Fe and $1,000/month in Oklahoma City, renters save significantly in Oklahoma City. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Oklahoma City where costs are 13% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Santa Fe (117) vs Oklahoma City (87)

The cost of living index uses 100 as the national average. Santa Fe at 117 is 17% above the US average, while Oklahoma City at 87 is 13% below average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

The overall index is a weighted average of housing (the largest component), groceries, utilities, transportation, and healthcare. Housing typically drives the biggest differences between cities. Even when two cities have similar overall indices, their category-level costs can vary significantly — one city might have expensive housing but cheap groceries, while another is the reverse. Check the category breakdown above for the full picture.

For renters: With median rents of $1,600/month in Santa Fe and $1,000/month in Oklahoma City, the annual rent difference is approximately $7,200. Over a 5-year period, that compounds to $36,000 in savings by choosing the more affordable city.

For homebuyers: The $285,000 difference in median home prices between Santa Fe and Oklahoma City translates to roughly $17,100 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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