Edgewood, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
97
Edgewood's Overall Cost Of Living
1.0x
Lower Than The National Average
36 out of 44
In New Mexico
2,747 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Edgewood is expensive, while a number below 100 means it's a relatively cheap place to live.

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 97 which is 1.0x lower than the national index of 100.

Compared to only New Mexico, Edgewood has a cost of living index that's 1.1x higher than New Mexico's index of 92.

The standard of living in Edgewood ranks as #2,747 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Edgewood ranks as the #3,672 most expensive place in the Land of Enchantment.

For more reading on life in Edgewood, check out:

Edgewood Cost Of Living Vs. New Mexico

Living Expense Edgewood New Mexico National Average
Overall 97 92 100
Services 99 92 100
Groceries 95 94 100
Health 98 98 100
Housing 98 87 100
Transportation 87 88 100
Utilities 95 91 100
For more reading on cost of living around New Mexico, check out:
Edgewood Cost of Living Vs. NM

Edgewood, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$192,400
Median Home Value
$1,111
Median Rent
$68,766
Median Income
Statistic Edgewood New Mexico United States
Median Home Value $192,400 $175,700 $229,800
Median Rent $1,111 $857 $1,096
Median Income $68,766 $51,243 $64,994
Home Value To Income 2.8x 3.4x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x

Detailed Edgewood Services Costs Vs. New Mexico

Item Edgewood New Mexico
Shampoo $1.0 $1.06
Movie $11.05 $10.68
Bowling $14.51 $14.67

Detailed Edgewood Groceries Costs Vs. New Mexico

Item Edgewood New Mexico
Ground Beef $4.57 $4.22
Fried Chicken $1.16 $1.39
Milk $2.1 $2.05

Detailed Edgewood Health Costs Vs. New Mexico

Item Edgewood New Mexico
Haircut $19.67 $18.62
Beauty Salon $39.81 $39.05
Toothpaste $2.83 $2.34

Detailed Edgewood Transportation Costs Vs. New Mexico

Item Edgewood New Mexico
Potatoes $3.62 $3.29
Pizza $9.99 $10.62
Beer $7.96 $9.38
Optometrist $108.12 $108.57
Doctor $106.93 $116.17
Dentist $98.97 $99.13

Detailed Edgewood Utilities Costs Vs. New Mexico

Item Edgewood New Mexico
Gasoline $1.85 $2.22
Tire Balancing $49.48 $50.07
All Electricity $155.29 $167.67
Phone $183.94 $175.64

Edgewood SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8
Diversity
8
Safety
N/A
Amenities
6
Education
8
Commute
4

Cost Of Living In Cities Around Edgewood

City Population Cost Of Living Vs. Edgewood
Albuquerque, NM 560,447 98 1.0x
Rio Rancho, NM 97,976 94 1.0x
Santa Fe, NM 84,418 100 1.0x
North Valley, NM 13,331 96 1.0x
Los Ranchos de Albuquerque, NM 6,120 108 1.1x
White Rock, NM 5,845 104 1.1x
Eldorado at Santa Fe, NM 5,510 120 1.2x

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