ZIP Code 87505 is associated with the U.S. city Santa Fe in New Mexico (Santa Fe County). The current population estimate for the ZIP Code is 30,502. The median household income is approximately $61,499, and an estimated 8% of the population is living below the poverty line. The ZIP Code 87505 has a median age of approximately 50.2 years, with 34.0% of residents aged 62 years and older. In this New Mexico region, an estimated 49.6% have a bachelor's degree or higher, while the per capita income comes in at about $41,984.
7:11 am
4:57 pm
Fair
The median household income in ZIP Code 87505 is $61,499, while the region's mean household income is $87,057. Breaking income down further, per capita income in the region is $41,984. The per capita income in ZIP Code 87505 of $41,984 is approximately 54.18% more than the per capita income in New Mexico overall of $27,230. An estimated 7.7% of the population is living below the poverty line in this region. This rate is approximately 18.95% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 17.1% of the population in 87505 earn $50,000 to $74,999 per year, while an estimated 15.3% earn $100,000 to $149,999 per year, and 3.5% of 87505 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 5.7% |
| $10,000 to $14,999 per year | 3.5% |
| $15,000 to $24,999 per year | 10.2% |
| $25,000 to $34,999 per year | 9.3% |
| $35,000 to $49,999 per year | 12.5% |
| $50,000 to $74,999 per year | 17.1% |
| $75,000 to $99,999 per year | 13.3% |
| $100,000 to $149,999 per year | 15.3% |
| $150,000 to $199,999 per year | 5.6% |
| $200,000 or more per year | 7.4% |
Looking at race in the population that makes up ZIP Code 87505, 97.0% is one race, while 3.0% are two or more races. Approximately 44.1% of 87505 residents are hispanic or Latino (of any race). The most common race in 87505 (race alone or in combination with one or more other races), is White (90.1%), followed by Some other race (6.1%) .
| Industry | Percent |
|---|---|
| White | 90.1% |
| Black or African American | 2.2% |
| American Indian and Alaska Native | 3.1% |
| Asian | 1.8% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 6.1% |
Residents of ZIP Code 87505 are older than average. The median age of 50.2 years in ZIP Code 87505 is approximately 31.76% higher than the overall median age in the U.S. of 38.1 years. About 86.2% of residents are aged 18 years and older, and 34.0% of residents are 62 years and over. Approximately 17.4% of the population in 87505 falls in the age group 65 to 74 years, while an estimated 12.5% are aged 35 to 44 years. On the low end of the scale, 2.7% of 87505 residents are aged under 5 years.
| Age Range | Percent |
|---|---|
| Under 5 years | 2.7% |
| 5 to 9 years | 4.2% |
| 10 to 14 years | 4.1% |
| 15 to 19 years | 5.6% |
| 20 to 24 years | 4.9% |
| 25 to 34 years | 10.2% |
| 35 to 44 years | 12.5% |
| 45 to 54 years | 11.5% |
| 55 to 59 years | 7.4% |
| 60 to 64 years | 7.9% |
| 65 to 74 years | 17.4% |
| 75 to 84 years | 7.9% |
| 85 years and over | 3.7% |
In ZIP Code 87505, 92.2% of the population graduated high school, while 49.6% have a bachelor's degree or higher. In this region, 3.8% achieved an education level less than 9th grade, while 25.1% hold a graduate or professional degree. Approximately 18.1% in this Santa Fe County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 3.8% |
| 9th to 12th grade, no diploma | 4.0% |
| High school graduate (includes equivalency) | 18.1% |
| Some college, no degree | 18.5% |
| Associate's degree | 6.1% |
| Bachelor's degree | 24.5% |
| Graduate or professional degree | 25.1% |
In 87505, 57.9% of the population is in the labor force. Recent estimates place 10.4% as working from home, while the total labor force in the region has a mean travel to time to work of 17.7 minutes. Approximately 23.3% of the employed population 16 years and over in 87505 work in educational services, and health care and social assistance, while an estimated 15.3% work in professional, scientific, management, and administrative. On the lower end of the scale, just 0.8% of 87505 workers 16 years and over work in wholesale trade.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 1.4% |
| Construction | 5.5% |
| Manufacturing | 3.1% |
| Wholesale trade | 0.8% |
| Retail trade | 11.9% |
| Transportation and warehousing, and utilities | 1.8% |
| Information | 2.0% |
| Finance and insurance, and real estate and rental and leasing | 5.0% |
| Professional, scientific, management, and administrative | 15.3% |
| Educational services, and health care and social assistance | 23.3% |
| Arts, entertainment, and recreation, and accommodation and food services | 14.5% |
| Other services, except public administration | 6.2% |
| Public administration | 9.2% |
In ZIP Code 87505, 72.7% of the population lists "English only" as the language spoken in home, while 23.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 2.2% of homes, and other Indo-European languages are spoken in 0.9% of homes. Lastly, 0.7% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Santa Fe County region.
| Language Spoken | Percent |
|---|---|
| English only | 72.7% |
| Spanish | 23.5% |
| Other Indo-European languages | 2.2% |
| Asian and Pacific Islander languages | 0.9% |
| Other languages | 0.7% |
Regarding the age of homes in ZIP Code 87505, an estimated 19.7% of homes were built between 1980 and 1989. Additionally, 19.0% of homes in the region were built between 1970 and 1979, while an estimated 0.7% of homes were built in 2014 or later in this Santa Fe County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.7% |
| Built between 2010 and 2013 | 1.6% |
| Built between 2000 and 2009 | 10.1% |
| Built between 1990 and 1999 | 14.5% |
| Built between 1980 and 1989 | 19.7% |
| Built between 1970 and 1979 | 19.0% |
| Built between 1960 and 1969 | 8.8% |
| Built between 1950 and 1959 | 10.2% |
| Built between 1940 and 1949 | 6.1% |
| Built in 1939 or earlier | 9.2% |
Regarding consumer complaints about financial products in ZIP Code 87505, credit reporting or credit repair services have received the most complaints in 87505 in the past 12 months. Credit reporting or other personal consumer reports received the second most complaints. The most frequent complaint overall in this Santa Fe County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or credit repair services | 29 |
| Credit reporting or other personal consumer reports | 28 |
| Checking or savings account | 20 |
| Debt collection | 12 |
| Credit card or prepaid card | 11 |
| Other | 24 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 40 |
| Managing an account | 10 |
| Improper use of your report | 7 |
| Problem with a credit reporting company's investigation | 7 |
| Problem with a purchase shown on your statement | 7 |
| Other | 53 |
Regarding solar power potential, ZIP Code 87505 has an average daily solar radiation level of 6.36 kWh/m2/day. This is approximately 54.37% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 3.49% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 87505 | 12.31¢/kWh | 10.2¢/kWh | 5.87¢/kWh |
| New Mexico | 14.23¢/kWh | 10.42¢/kWh | 5.56¢/kWh |
| United States | 16.94¢/kWh | 13.2¢/kWh | 8.21¢/kWh |
| Month | ZIP Code 87505 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 5.88 | 1.9 | 5.84 |
| Feb | 6.25 | 3 | 6.31 |
| Mar | 6.76 | 3.65 | 7.02 |
| Apr | 6.69 | 5.13 | 7.3 |
| May | 6.79 | 5.17 | 7.13 |
| Jun | 6.74 | 5.72 | 6.95 |
| Jul | 5.91 | 6.22 | 6.51 |
| Aug | 6.37 | 6.08 | 6.65 |
| Sep | 6.87 | 5.15 | 7.02 |
| Oct | 6.66 | 3.32 | 6.92 |
| Nov | 6.02 | 2.33 | 5.99 |
| Dec | 5.36 | 1.78 | 5.46 |