Home Insurance in Albuquerque or Santa Fe: Which City Is Better for Living?
Looking for home insurance in Albuquerque or Santa Fe can be a chore, especially if you are not sure of what to look for. With their distinctive mix of history, culture, and breathtaking landscapes, Albuquerque and Santa Fe have long been attractive options for those looking to settle in the Southwest. But when it comes down to it, which city is better?
In this article, we’ll look at what each city offers, from the stunning architecture of Santa Fe’s adobe buildings to the bustling urban scene of Albuquerque’s Downtown area.
What to Know About Home Insurance in Albuquerque or Santa Fe and Where to Live
We’ll explore the benefits and drawbacks of each location, from the cost of living to High-Level Homeowners Insurance, to help you decide which city fits perfectly to your dream lifestyle.
Pros of Living in Albuquerque, New Mexico
Albuquerque, also known as Duke City, was established in the early 1700s and was named after Francisco Fernandez de la Cueva, the 10th Duke of Albuquerque and, at the time, the Viceroy of New Spain. From its humble beginnings as a colonial outpost and a farming community, Albuquerque has transformed into one of the biggest economic drivers of New Mexico.
The city’s bustling Downtown area and growing job market have made it an attractive destination for those seeking new opportunities. Residents and tourists alike can also enjoy a variety of fun attractions, such as the Explora Science Center and Children’s Museum, Cliff’s Amusement Park, the Rattlesnake Museum & Gift Shop, and more.
Also, Albuquerque boasts affordable homes and a relatively low cost of living—only 9.2% higher than the national average compared to Santa Fe’s 14%. In fact, according to the Economic Policy Institute, a family with four members can expect to pay $5,748 less per year for living expenses in Albuquerque, which makes Albuquerque an attractive option for individuals and families who are on a tight budget.
Pros of Living in Santa Fe, New Mexico
Santa Fe is the bustling capital of New Mexico and the fourth-largest city in the state. Fun fact, Santa Fe has a very long full name, one of the longest of any community in the US, which is “La Villa Real dela Santa Fe de San Francisco de Asis,” or “The Royal Town of the Holy Faith of Saint Francis of Assisi” in English.
The city provides an abundance of recreational activities for visitors and residents alike. Whether you enjoy hiking trails or horseback riding, skiing, or mountain biking, you will find something that suits your interests. Santa Fe also boasts world-class opera performances, unique culinary adventures, and many art festivals that feature exhibits, parades, and concerts throughout the year.
Furthermore, Santa Fe has a lower crime rate compared to Albuquerque. Santa Fe’s total crime rate is only 2,161 per 100,000 people, 8% lower than the national average. But in Albuquerque, the total crime rate is 6,356 per 100,000 people, which is 170.9% higher than the national average.
Home Insurance in Albuquerque vs. Santa Fe
According to the latest data from BankRate, the average premium for a $250,000 dwelling coverage in Albuquerque is $1,513 per year, whereas, in Santa Fe, it’s slightly higher at $2,024 per year. However, there is a higher median home value in Santa Fe.
Albuquerque may be the better choice if you’re looking for a broader range of insurance providers, more competitive premiums, and a more extensive city lifestyle with more job opportunities. But, if you prefer a more charming, small-town atmosphere with a higher median home value, then Santa Fe is your best bet.
About Daniels Insurance, Inc.
At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.