Where Are People Moving in Santa Fe, NM?
IRS county-to-county migration, 2023 tax year (released about two years after the tax year it covers).
People moving in
2,444
People moving out
2,500
Net migration
+105
Santa Fe, NM is a net gainer of residents. In the latest IRS data (2023 tax year), 2,444 people moved in and 2,500 moved out, for a net gain of +105. Sustained inflows like this are one of the strongest long-run signals of housing demand.
Migration is most useful read alongside the rest of the market. People move for jobs, affordability, climate, and lifestyle, and where they come from and go to says a lot about what a county is competing on. Below are the specific counties driving Santa Fe, NM’s flows in each direction.
Top counties people moved to Santa Fe, NM from
| Origin county | Returns | People |
|---|---|---|
| Bernalillo, NMNew Mexico | 584 | 855 |
| Rio Arriba, NMNew Mexico | 235 | 382 |
| Sandoval, NMNew Mexico | 145 | 246 |
| Los Alamos, NMNew Mexico | 128 | 206 |
| Los Angeles, CACalifornia | 116 | 157 |
| Travis, TXTexas | 90 | 135 |
| San Miguel, NMNew Mexico | 89 | 145 |
| Maricopa, AZArizona | 80 | 118 |
| Torrance, NMNew Mexico | 65 | 129 |
| Taos, NMNew Mexico | 63 | 96 |
Top counties people left Santa Fe, NM for
| Destination county | Returns | People |
|---|---|---|
| Bernalillo, NMNew Mexico | 750 | 1,123 |
| Sandoval, NMNew Mexico | 306 | 559 |
| Rio Arriba, NMNew Mexico | 213 | 383 |
| San Miguel, NMNew Mexico | 112 | 190 |
| Los Alamos, NMNew Mexico | 98 | 181 |
| Maricopa, AZArizona | 92 | 140 |
| Los Angeles, CACalifornia | 85 | 115 |
| Torrance, NMNew Mexico | 77 | 137 |
| Taos, NMNew Mexico | 62 | 90 |
| Denver, COColorado | 61 | 79 |
“Returns” counts tax returns (a household proxy) that moved along each flow; “People” counts the individuals on those returns, when reported. IRS aggregate and foreign pseudo-rows are excluded. Informational only, not financial advice.
Frequently asked questions
Are people moving to Santa Fe, NM or leaving?
Santa Fe, NM had a net gain of +105 residents in the latest IRS data (2023 tax year), with 2,444 people moving in and 2,500 moving out. Net migration is inflow minus outflow.
Where are people moving to Santa Fe, NM from?
The largest sources of new Santa Fe, NM residents are Bernalillo, NM, Rio Arriba, NM, Sandoval, NM. The full top-ten list of origin counties is in the table above.
Where do people leaving Santa Fe, NM go?
People leaving Santa Fe, NM most often move to Bernalillo, NM, Sandoval, NM, Rio Arriba, NM. The full top-ten list of destination counties is in the table above.
What does Santa Fe, NM migration mean for housing?
Migration is a leading demand signal. Sustained net inflows tend to support rents and home prices when supply cannot keep up, while net outflows can soften them. Read this alongside Santa Fe, NM's price forecast, building permits, and affordability on the full county dashboard before drawing a conclusion.
How current is this Santa Fe, NM migration data?
It comes from IRS Statistics of Income county-to-county migration data, which is released about two years after the tax year it covers; the figures above reflect the 2023 tax year. That lag is normal for this dataset, which counts actual tax returns rather than survey estimates.