Is Santa Fe the Best Place to Retire? Why Los Angeles Homeowners Should Choose Sante Fe
My family went to Sante Fe, New Mexico on a recent family vacation. It was a glorious week and I couldn’t help wondering- would we retire to Sante Fe full time?
My husband rolled his eyes when I said that- not because he wouldn’t consider it, but because I say the same thing in many of the places we visit. We are traveling a lot these days and I admit I am a bit of a kid in a candy store. This leisurely travel thing is pretty new and everything looks great on vacation!
It’s easy to dream about moving, but most of us get tripped up on deciding where. Join me as I share my thoughts and observations on the cities I visit and the research I’ve done on what it is like for a Los Angeles Homeowner to move HERE.
Is Santa Fe the Best Place to Retire? Why Los Angeles Homeowners Should Consider Santa Fe, New Mexico
Relocating from Los Angeles to Santa Fe, New Mexico, has become an increasingly popular choice for many homeowners seeking a change of pace and a different lifestyle. The weather is relatively mild, the population is educated and diverse, and there is a reputation for great food and art. The art was amazing but the food? Maybe we didn’t go to the right places.
This article will explore the top reasons why Santa Fe is an attractive option, how homeownership differs between these two cities, and specific community recommendations for retirees.
Introduction
Santa Fe, known for its rich history, vibrant arts scene, and stunning landscapes, offers a unique blend of cultural and natural beauty. As Los Angeles homeowners consider moving, understanding the benefits and differences of living in Santa Fe can make the transition smoother and more informed. But, is Santa Fe the best place to retire?
Top Reasons Why Santa Fe is a Popular Relocation Choice
Lower Cost of Living
Affordable Housing
Compared to Los Angeles, housing in Santa Fe is significantly more affordable. In Los Angeles, the median home price often exceeds $800,000, while in Santa Fe, it hovers around $450,000. This substantial difference allows homeowners to get more space and better amenities for their money.
It is worth noting that the homes around the historic core are considerably more expensive. I got “lost” trying to find a yarn store, and stumbled through a few breathtaking neighborhoods. Average prices there were closer to $800,000.
Lower Property Taxes
Property taxes in Santa Fe are generally lower than those in Los Angeles. While Los Angeles County has property tax rates averaging 1.16%, Santa Fe County’s rates are about 0.72%. This lower tax burden can lead to significant savings over time.
Beautiful Scenery and Outdoor Activities
Natural Beauty
Santa Fe’s landscape is a dramatic departure from the urban sprawl of Los Angeles. Nestled in the foothills of the Sangre de Cristo Mountains, Santa Fe offers breathtaking views, picturesque sunsets, and a connection to nature that is hard to find in a bustling metropolis.
The light is glorious. Sante Fe has an elevation of 7,199. It is the highest state capital and considerably higher than Denver CO. This means a thinner atmosphere that gives everything a crisp quality.
Sante Fe has four true seasons which can be very confusing for a Los Angeles native. Our visit was in late March and, when it snowed, our minds were completely blown. We must have looked pretty silly running around taking pictures and trying to build a snowman. All we built was a snow mouse, but, still…
Outdoor Recreation
The abundance of outdoor activities is one of Santa Fe’s biggest draws. Whether it’s hiking in the Santa Fe National Forest, skiing in the nearby mountains, or exploring the countless trails and parks, outdoor enthusiasts will find plenty to keep them busy year-round.
Rich Cultural Heritage
Historic Sites
Santa Fe is one of the oldest cities in the United States, with a history that dates back over 400 years. The city’s historic sites, such as the San Miguel Mission and the Palace of the Governors, offer a glimpse into its storied past.
Art and Music Scene
The arts are integral to Santa Fe’s identity. The city is home to numerous galleries, museums, and cultural festivals. Events like the Santa Fe Opera and the Santa Fe Indian Market attract visitors from around the world, making the city a vibrant hub of artistic activity.
Better Quality of Life
Less Traffic and Pollution
Unlike the gridlocked freeways of Los Angeles, Santa Fe boasts a more relaxed pace of life with significantly less traffic. The air quality is also markedly better, contributing to a healthier lifestyle.
Community Feel
With a population of just over 80,000, Santa Fe offers a close-knit community atmosphere. Residents often describe a strong sense of belonging and community engagement, which can be refreshing for those used to the anonymity of a larger city.
How Owning a Home in Santa Fe Differs from Los Angeles
Property Taxes
Tax Rates
Understanding the differences in property tax rates is crucial for potential homeowners. Santa Fe’s lower tax rates mean homeowners can allocate more of their budget toward other expenses or savings.
Impact on Homeowners
Lower property taxes can significantly reduce the overall cost of homeownership. In addition, Santa Fe’s tax policies often include exemptions and deductions that can benefit retirees and long-term residents.
Extreme Weather Hazards
Weather Patterns
Santa Fe experiences a semi-arid climate with four distinct seasons. While it gets more sunshine than Los Angeles, it also has colder winters and occasional snowfall. Understanding these weather patterns is essential for new residents.
Home Maintenance
Homes in Santa Fe require different maintenance strategies compared to those in Los Angeles. For instance, homeowners might need to winterize their properties to protect against cold temperatures and ensure proper insulation to keep heating costs down.
Availability and Expense of Property Insurance
Insurance Costs
Property insurance in Santa Fe tends to be more affordable than in Los Angeles. Factors such as lower property values and reduced risk of natural disasters like earthquakes contribute to these lower costs.
Coverage Needs
Given Santa Fe’s unique climate, homeowners should consider insurance policies that cover potential risks such as winter storm damage. Consulting with local insurance agents can help in selecting the appropriate coverage.
Utility Costs
Cost Comparison
Utility costs in Santa Fe can be lower than in Los Angeles, particularly for water and electricity. The cost of heating, however, might be higher due to the colder winters. Overall, careful management and energy-efficient practices can help keep utility bills reasonable.
Energy Efficiency
Many homes in Santa Fe are designed with energy efficiency in mind. Features like solar panels, well-insulated walls, and energy-efficient appliances are common and can lead to significant savings on utility bills.
Major Homeowner Concerns or Benefits
Housing Market Trends
Market Stability
The real estate market in Santa Fe has shown consistent growth and stability over the years. While Los Angeles can experience volatile market conditions, Santa Fe’s market tends to be more predictable, making it a safer investment for many homeowners.
Investment Potential
Homes in Santa Fe have strong investment potential. The combination of a stable market, increasing demand, and the city’s cultural appeal can lead to a steady appreciation in property values.
Community Services and Amenities
Local Services
Santa Fe offers a wide range of essential services, including top-notch healthcare facilities, excellent schools, and efficient public transportation. The city’s amenities cater to a diverse population, ensuring that all residents have access to what they need.
Community Programs
The local government and various organizations in Santa Fe provide numerous community programs that enhance residents’ quality of life. From recreational activities to cultural events, these programs help foster a strong sense of community and engagement.
Safety and Crime Rates
Crime Statistics
Santa Fe generally has lower crime rates compared to Los Angeles. The smaller population and close-knit community contribute to a safer living environment.
Neighborhood Safety
When considering a move to Santa Fe, it’s important to research the safety of different neighborhoods. Areas like Eldorado and Las Campanas are known for their security and community-oriented atmospheres.
Recommended Santa Fe Communities for Retirees
Eldorado at Santa Fe
Amenities
Eldorado at Santa Fe offers a variety of amenities, including community centers, swimming pools, fitness facilities, and miles of hiking and biking trails. These amenities make it an ideal location for active retirees.
Housing Options
The community features a mix of single-family homes, townhouses, and condominiums. The typical home prices range from $300,000 to $600,000, providing options for different budgets.
Community Vibe
Eldorado has a relaxed and friendly atmosphere. The community’s active homeowners association organizes various events and activities, fostering a strong sense of belonging among residents.
Las Campanas
Luxury Living
Las Campanas is known for its upscale amenities, including golf courses, equestrian facilities, and spa services. It’s a perfect choice for retirees seeking a luxurious lifestyle.
Housing Market
Homes in Las Campanas are typically more expensive, with prices ranging from $500,000 to several million dollars. The community’s properties often feature high-end finishes and stunning views.
Ideal for Active Retirees
Las Campanas offers numerous activities, such as golfing, horseback riding, and social events, catering to retirees who want to stay active and engaged.
The Historic Eastside
Cultural Richness
The Historic Eastside is located near Santa Fe’s cultural and historical attractions, providing easy access to museums, galleries, and historic landmarks.
Housing Characteristics
This area features charming adobe-style homes with unique architectural details. Home prices can vary widely, typically ranging from $400,000 to over $1 million.
Quiet and Charming
The Historic Eastside offers a quaint and quiet environment, making it an ideal location for retirees looking for a peaceful and culturally rich living experience.
Conclusion
Is Santa Fe the best place to retire? Relocating to Santa Fe offers numerous benefits for Los Angeles homeowners, from lower living costs to a vibrant cultural scene and stunning natural beauty. By understanding the differences in homeownership and exploring recommended communities, prospective buyers can make an informed decision that enhances their quality of life.
What To Do If You Want To Relocate
Does the idea of moving to another place overwhelm you? We can help.
The easiest (and best!) thing to do is call us. Every situation is different and we can help determine the best resources and steps to get you headed toward your dreams.
But if you are not ready to talk, here are a few articles that might answer a few questions.
