Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Crime
Reporting high crime rates per 100,000 people, this area may be perceived as an unsafe place to reside. These statistics encompass both violent and property crime rates.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Schools
The low schools score might be a result of factors like lower than average education levels, lackluster reading and math scores and the inaccessibility of local elementary and high schools.
Santa Teresa is a smaller city located in the state of New Mexico. The city has a population of 6,553 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (72% White). Given that fact, Santa Teresa could be considered less diverse than other cities. Additionally, more than a quarter of the population of Santa Teresa are of Hispanic or Latino origin, and 64% of the population also speak Spanish. Santa Teresa could be a great place for young adults and students as the average age of 33 years old is below the nation’s average. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Santa Teresa, your commute time will align closely with the national average, spanning a one-way duration of approximately 24 minutes.
Living in Santa Teresa can be a positive experience for anyone relocating to the town. Having said that, in the state of New Mexico, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Santa Teresa, AreaVibes has created a livability score using key metrics like commute, health & safety, housing and more.
Santa Teresa has a livability score of 62/100 and is ranked #78 in New Mexico and #14,114 in the USA. Based on the grades for each individual category, Santa Teresa has been rewarded with high marks for cost of living (A) and housing (A-). There are some categories that Santa Teresa ranks poorly for, including: amenities (F), crime (D-) and education (D). It might be worth taking a closer look to figure out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Santa Teresa, the unemployment rate stands at 1.4%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Santa Teresa apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Santa Teresa meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Santa Teresa. Everything else becomes a lot less important if it turns out that home prices in Santa Teresa are simply unattainable. The median home price for Santa Teresa homes is $185,400, which is 14.7% higher than the New Mexico average. If we take a closer look at the affordability of homes in Santa Teresa, we’ll see that the home price to income ratio is 3.6, which is 2.9% higher than the New Mexico average.
| Statistic | Santa Teresa | New Mexico | National |
| Average one way commute | 24min | 22min | 26min |
| Workers who drive to work | 83.7% | 79.8% | 76.4% |
| Workers who carpool | 12.6% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.9% | 2.2% | 2.8% |
| Working from home | 2.8% | 4.7% | 4.6% |
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