Housing costs in Edgewood?
A typical home costs
$314,200, which is 7.1% less expensive than the national average of
$338,100 and 17.6% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Edgewood costs
$1,300 per month, which is 27.5% more than the national average of
$1,020 and 3.8% more than the state average of
$1,250.
Can I afford Edgewood?
To live comfortably in Edgewood (zip 87015), New Mexico, a minimum annual income of
$60,120 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Edgewood?
Edgewood, NM is a small town with a population of about 8,000 people. The cost of living in Edgewood is quite reasonable compared to many other parts of the country. Average housing costs for rent or mortgage payments are below the national average and there are plenty of opportunities for affordable housing. Groceries and dining out are also fairly priced as well as health care costs. In general, Edgewood has a cost of living that is slightly lower than the US average making it an attractive option for those looking to save money while still enjoying the amenities and services that come along with living in a small New Mexico town.