NAICS 62

Healthcare and Social Assistance in Santa Fe, NM

Metro Market Score 50.8 (Challenging), ranked #141 of 248 metros. 827 establishments, 8,289 jobs.

Metro Market Score 50.8

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national healthcare and social assistance average.

💰High-Cost Market

Santa Fe has a relatively low concentration of healthcare and social assistance firms (index: 29.4) paired with positive employment growth. This suggests an underpenetrated market where demand may outpace current supply.

Industry Concentration

29.4

LQ: 0.94

Rank #73 of 248 metros

Wage Competitiveness

87.9

$70,150 avg wage

Growth Trend

50.8

Employment growth index

Rank #123 of 248 metros

Wage Pressure

33.3

YoY wage change index

827 Healthcare and Social Assistance Firms in Santa Fe

827

Establishments

+1.7% YoY

8,289

Total Employment

+3.5% YoY

$70,150

Average Annual Wage

+1.5% YoY

0.94

Location Quotient

Below national avg

Within New Mexico

#4 of 4

healthcare and social assistance metros in state

New Mexico state rank

#47 of 51

for healthcare and social assistance entry risk

vs State Median

+0.5

worse than median (50.3)

Santa Fe vs New Mexico Statewide

How this metro's healthcare and social assistance market compares to New Mexico overall. The state ranks #47/51 for entry risk.

Measure	Santa Fe	NM Statewide
Overall Score	50.8 Challenging	53.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#141 of 248 metros	#47 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Santa Fe

Construction 44.1 Information 46.2 Real Estate and Rental and Leasing 54.3 Administrative and Support Services 55.3 Finance and Insurance 56.3 Professional, Scientific, and Technical Services 59.9 Accommodation and Food Services 66.3 Retail Trade 70.8 Other Services 91.6

Healthcare and Social Assistance in Other New Mexico Metros

Las Cruces 41.0 #73/248 Albuquerque 48.6 #124/248 Farmington 50.3 #135/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Santa Fe's 50.8 score. Useful when comparing markets with comparable entry profiles.

Kingston, NY 50.7 #140/248 Lancaster, PA 50.7 #139/248 Bellingham, WA 50.5 #138/248 Bend, OR 50.5 #137/248 Bremerton-Silverdale-Port Orchard, WA 51.2 #142/248 Utica-Rome, NY 51.2 #143/248 Watertown-Fort Drum, NY 50.3 #136/248 Farmington, NM 50.3 #135/248 North Port-Bradenton-Sarasota, FL 50.2 #134/248 Jonesboro, AR 51.4 #144/248

Healthcare and Social Assistance in States Bordering New Mexico

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Utah 22.9 #1/51 Arizona 44.1 #32/51 Colorado 46.7 #35/51 Texas 46.8 #36/51 Oklahoma 49.7 #41/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Santa Fe's healthcare and social assistance sector, the wage competitiveness component (87.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Santa Fe, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment