In 1892, the Spaniards restored Santa Fe's municipal status, which would remain until the American colonial period.

[7] Santa Fe was one 11 municipalities created in Romblon when civilian government was established in the province.

It has sandy loam type of soil rich with mineral resources such as granite and white clay.

Every April, they celebrate the Fiesta sa Dagat, also known as "Fisherfolk's Day" in honor of St. Vincent Ferrer, the town's patron saint.

Poverty incidence of Santa Fe Source: Philippine Statistics Authority[14][15][16][17][18][19][20][21] Agriculture is the most important sector in the municipality.

Crops like rice, corn, mango, cassava, banana, sweet yam and coconut are raised by farmers.

Coconut comprises the largest share of the agricultural area of the municipality and is dominantly grown in all barangays.

PLDT, Smart Communications, and Globe Telecom provides landline and cellular phone service in the municipality.

[6] Santa Fe Municipal Port caters to intra-provincial travel, particularly between San Jose in Carabao Island.

[22] Travelers can also reach Santa Fe by flying to Tugdan Airport in neighboring Alcantara.

These include:[6] As a municipality in the Province of Romblon, government officials in the provincial level are voted by the electorates of the town.

Pursuant to Chapter II, Title II, Book III of Republic Act 7160 or the Local Government Code of 1991,[24] the municipal government is composed of a mayor (alkalde), a vice mayor (bise alkalde) and members (kagawad) of the legislative branch Sangguniang Bayan alongside a secretary to the said legislature, all of which are elected to a three-year term and are eligible to run for three consecutive terms.