santa fe living wage rent prices.

Santa Fe is the first city in the U.S. to directly link wages to housing affordability, aiming to counter high rents. The ordinance was signed into law earlier this month. It ties minimum wage increases not only to consumer prices but also to fair market rental prices. The mayor says it’s part of a broader city initiative aimed at ensuring that people who work in Santa Fe can also afford to live there. New Mexico’s capital city is not alone. Rising housing costs and rental rates have made affordability a top issue for families and policymakers.