Is it cheaper to live in Santa Fe or Springfield?

Springfield, MO is cheaper. Its monthly baseline of $940 (1BR rent + utilities) runs about 28% below Santa Fe, NM's $1,310, mainly because of rent.

How much more do you need to earn to live in Santa Fe than in Springfield?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $47,000 a year in Santa Fe versus $31,000 in Springfield.

Which has lower taxes, Santa Fe or Springfield?

Santa Fe is taxed under New Mexico's rules (a top state income tax rate of 5.90% and a 4.875% state sales tax); Springfield under Missouri's (a top state income tax rate of 4.70% and a 4.225% state sales tax).

Santa Fe vs Springfield Cost of Living 2026

Santa Fe

New Mexico

$1,310/mo est.

Springfield

Missouri

$940/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,310 in Santa Fe, NM versus $940 in Springfield, MO. Overall, Springfield, MO is roughly 28% cheaper to live in day-to-day than Santa Fe, NM, driven mainly by rent.

Median household income is $70,110 in Santa Fe, NM and $45,984 in Springfield, MO — about 34% higher in Santa Fe, NM. New Mexico has a top state income tax rate of 5.90% and a 4.875% state sales tax; Missouri has a top state income tax rate of 4.70% and a 4.225% state sales tax.

Santa Fe, NM

Springfield, MO

Rent

Studio

$969

$760

+22% in Santa Fe, NM

1 Bedroom

$1,167

$772

+34% in Santa Fe, NM

2 Bedroom

$1,559

$926

+41% in Santa Fe, NM

3 Bedroom

$1,733

$1,158

+33% in Santa Fe, NM

Buying a Home

Median Home Value

$411,500

$165,200

+60% in Santa Fe, NM

Income

Median Household Income

$70,110

$45,984

+34% in Santa Fe, NM

Metro Median Wage (annual)

$48,710

$45,780

+6% in Santa Fe, NM

People & Lifestyle

Median Age

46.4 yr

33.6 yr

+12.8 yr in Santa Fe, NM

Homeownership

62.8%

42.9%

+19.9 pp in Santa Fe, NM

Bachelor's+ (25+)

45.4%

30.3%

+15.1 pp in Santa Fe, NM

Avg Commute

20.2 min

18.0 min

+2.2 min in Santa Fe, NM

Crime (per 100k/yr)

Violent Crime

843.3

1,189.8

+41% in Springfield, MO

Property Crime

5,189

4,231.6

+18% in Santa Fe, NM

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

51.9°F

56.3°F

+4.4°F in Springfield, MO

Annual Precipitation

13.5 in

45.6 in

+32.1 in in Springfield, MO

Gas

Regular Gasoline

$3.62/gal

$3.94/gal

+9% in Springfield, MO

Area: Gulf Coast (PADD 3) vs Midwest (PADD 2).

Utilities

Electricity (¢/kWh)

14.1

13.7

+3% in Santa Fe, NM

Natural Gas ($/MCF)

$11.90

$24.13

+103% in Springfield, MO

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.82

$4.31

+10% in Santa Fe, NM

Bread (lb)

$2.04

$1.66

+19% in Santa Fe, NM

Eggs (doz)

$2.19

$3.63

+66% in Springfield, MO

Ground Beef (lb)

$7.36

$6.77

+8% in Santa Fe, NM

Chicken (lb)

$2.01

$2.10

+4% in Springfield, MO

Bananas (lb)

$0.70

$0.62

+12% in Santa Fe, NM

Average prices — West vs Midwest (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NM / MO)

4.875%

4.225%

+0.7 pp in NM

Income Tax (top rate)

5.90%

4.70%

+1.2 pp in NM

Santa Fe vs Springfield — FAQ

Is it cheaper to live in Santa Fe or Springfield?: Springfield, MO is cheaper. Its monthly baseline of $940 (1BR rent + utilities) runs about 28% below Santa Fe, NM's $1,310, mainly because of rent.
How much more do you need to earn to live in Santa Fe than in Springfield?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $47,000 a year in Santa Fe versus $31,000 in Springfield.
Which has lower taxes, Santa Fe or Springfield?: Santa Fe is taxed under New Mexico's rules (a top state income tax rate of 5.90% and a 4.875% state sales tax); Springfield under Missouri's (a top state income tax rate of 4.70% and a 4.225% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).