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Ernst & Young presents data showing Santa Fe growth, housing pressure and workforce gaps
Summary
Ernst & Young presented a data-first assessment to the Santa Fe Quality of Life Committee on April 2, 2025, finding population growth, rising home values and workforce constraints that officials said should inform the city—s economic development strategy and upcoming land-code work.
Ernst & Young presenters on Wednesday told the Santa Fe Quality of Life Committee that the city is growing but facing rising housing costs and workforce challenges that should shape the next economic development strategic plan.
The consultants, Tony DeLisi, managing director of Ernst & Young Economic Development Advisory Services, and Jung (Young) Kim, research director, said the city—s population grew faster than the county and state from 2018 to 2023, driven in part by increased housing construction. At the same time the presenters flagged diverging trends on housing and income: median household income in the city has not risen as quickly as in surrounding geographies, while the gap between home values in Santa Fe and the U.S. widened to about $215,000 by the end of last year.
"Every community is very different," DeLisi said, describing the work as an effort to ground…
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