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.
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 |
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.
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 |
Item | Edgewood | New Mexico |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $11.05 | $10.68 |
Bowling | $14.51 | $14.67 |
Item | Edgewood | New Mexico |
---|---|---|
Ground Beef | $4.57 | $4.22 |
Fried Chicken | $1.16 | $1.39 |
Milk | $2.1 | $2.05 |
Item | Edgewood | New Mexico |
---|---|---|
Haircut | $19.67 | $18.62 |
Beauty Salon | $39.81 | $39.05 |
Toothpaste | $2.83 | $2.34 |
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 |
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 |
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 |