NAICS 81

Other Services in Santa Fe, NM

Metro Market Score 91.6 (Difficult), ranked #332 of 332 metros. 628 establishments, 2,561 jobs.

Metro Market Score 91.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national other services average.

💰High-Cost Market⚡Rising Wages

Wage costs in Santa Fe's other services sector are well above the metro average, with wage competitiveness at 95.8 and rising pressure at 78.8. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

96.1

LQ: 1.38

Rank #319 of 332 metros

Wage Competitiveness

95.8

$58,606 avg wage

Growth Trend

↓ 6.9

Employment growth index

Rank #310 of 332 metros

Wage Pressure

78.8

YoY wage change index

628 Other Services Firms in Santa Fe

628

Establishments

-0.2% YoY

2,561

Total Employment

-5.9% YoY

$58,606

Average Annual Wage

+11.1% YoY

1.38

Location Quotient

Above national avg

Within New Mexico

#4 of 4

other services metros in state

New Mexico state rank

#37 of 51

for other services entry risk

vs State Median

+34.4

worse than median (57.2)

Santa Fe vs New Mexico Statewide

How this metro's other services market compares to New Mexico overall. The state ranks #37/51 for entry risk.

Measure	Santa Fe	NM Statewide
Overall Score	91.6 Difficult	50.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#332 of 332 metros	#37 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 Healthcare and Social Assistance 50.8 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 in Other New Mexico Metros

Las Cruces 33.5 #44/332 Albuquerque 49.3 #150/332 Farmington 57.2 #220/332

Other Services in States Bordering New Mexico

State-level entry risk for other services in adjacent states. Use this to weigh cross-border options.

Oklahoma 40.6 #19/51 Arizona 46.0 #30/51 Texas 50.1 #36/51 Colorado 50.3 #38/51 Utah 52.1 #42/51

Browse Other Services in Other States

State-level entry risk reports for other services 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 other services sector, the employment growth component (93.1) 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