What is the cost of living in Edgewood, NM?
According to the most recent data on the cost of living, Edgewood has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to New Mexico, Edgewood has a cost of living index that's 1.1x higher than New Mexico's index of 93.
The standard of living in Edgewood ranks as #38 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Edgewood ranks as the #7 most expensive place in the Land of Enchantment.
For more reading on life in Edgewood, check out:
Edgewood Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Edgewood. Here is how it fares on each of the criteria:
The Services index in Edgewood is 95.
The Groceries index in Edgewood is 99.
The Health index in Edgewood is 109.
The Housing index in Edgewood is 99.
The Transportation index in Edgewood is 93.
The Utilities index in Edgewood is 98.
| Living Expense | Edgewood | New Mexico | National Average |
|---|---|---|---|
| Overall | 103 | 93 | 100 |
| Services | 95 | 98 | 100 |
| Groceries | 99 | 96 | 100 |
| Health | 109 | 86 | 100 |
| Housing | 99 | 99 | 100 |
| Transportation | 93 | 95 | 100 |
| Utilities | 98 | 94 | 100 |
Edgewood Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Edgewood Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Edgewood, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Edgewood is $382,908.
The Median Rent in Edgewood is $1,114.
The Median Income in Edgewood is $84,761.
The Home Value To Income in Edgewood is 4.5x.
The Rent To Monthly Income in Edgewood is 0.16x.
| Statistic | Edgewood | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $382,908 | $316,750 | $332,700 |
| Median Rent | $1,114 | $1,067 | $1,413 |
| Median Income | $84,761 | $64,059 | $80,734 |
| Home Value To Income | 4.5x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Edgewood, NM Costs By Category
Detailed Edgewood Services costs vs. New Mexico
| Item | Edgewood | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $12.54 | $12.13 |
| Bowling | $20.89 | $18 |
| Haircut | $31.9 | $24.26 |
| Beauty Salon | $50.83 | $45.56 |
Detailed Edgewood Groceries costs vs. New Mexico
| Item | Edgewood | New Mexico |
|---|---|---|
| Ground Beef | $5.11 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.18 | $4.93 |
| Pizza | $13.42 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Edgewood Health costs vs. New Mexico
| Item | Edgewood | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Edgewood Transportation costs vs. New Mexico
| Item | Edgewood | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Edgewood Utilities costs vs. New Mexico
| Item | Edgewood | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Edgewood SnackAbility
Cost Of Living In Cities Around Edgewood
The cost of living varies in the cities and towns around Edgewood. Here's a quick look at the cost of living in the most populous nearby places:
Albuquerque, NM has a cost of living index of 102, 1.0x Edgewood.
Rio Rancho, NM has a cost of living index of 100, 1.0x Edgewood.
Santa Fe, NM has a cost of living index of 113, 1.1x Edgewood.
| City | Population | Cost Of Living | Vs. Edgewood |
|---|---|---|---|
| Albuquerque, NM | 562,218 | 102 | 1.0x |
| Rio Rancho, NM | 108,515 | 100 | 1.0x |
| Santa Fe, NM | 89,019 | 113 | 1.1x |
| North Valley, NM | 10,455 | 99 | 1.0x |
| Los Ranchos de Albuquerque, NM | 5,857 | 127 | 1.2x |
| White Rock, NM | 5,716 | 120 | 1.2x |
| Eldorado at Santa Fe, NM | 5,619 | 131 | 1.3x |
