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Santa Fe Links Minimum Wage to Housing Affordability

11/28/2025

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Summary

Story summary

Santa Fe, New Mexico, adopts an ordinance tying minimum wage increases to housing affordability.
The measure sets the 2027 wage at $17.50, with adjustments based on consumer prices and fair market rents.
The measure will affect about 9,000 workers (20% of the city’s workforce).
Officials plan to increase housing supply by funding affordable housing through a mansion tax on high-value home sales.

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Story summary

Santa Fe, New Mexico, adopts an ordinance tying minimum wage increases to housing affordability.
The measure sets the 2027 wage at $17.50, with adjustments based on consumer prices and fair market rents.
The measure will affect about 9,000 workers (20% of the city’s workforce).
Officials plan to increase housing supply by funding affordable housing through a mansion tax on high-value home sales.