Edgewood, NM Cost Of Living
Edgewood's Overall Cost Of Living
Lower Than The National Average
In New Mexico
In America
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.
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 | |
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.
Median Home Value
Median Rent
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
/10
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 |
