Edgewood, NM is a small city located in the southwestern region of the US. It has an estimated population of 8,001 people, making it one of the smaller cities in the state. The cost of living in Edgewood is considerably lower than other cities in the US; two bedroom rent costs $1,310 compared to $1,430 for the US average. Grocery costs are also slightly lower than national averages; Edgewood's grocery cost index is 98 compared to 100 for the US as a whole. Despite its relative small size, Edgewood offers residents many local businesses and attractions. Notable companies include Grupo TMM, Southwest Steel Supply Co., and Skateland Family Fun Center. Popular attractions include Cibola National Forest and Manzano Mountains State Park. Overall, Edgewood is an affordable place to live with plenty of things to do nearby.
Edgewood has an unemployment rate of 7.5%. The US average is 6.0%.
Edgewood has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Edgewood
- The Sales Tax Rate for Edgewood is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Edgewood is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Edgewood
- The average income of a Edgewood resident is $29,698 a year. The US average is $28,555 a year.
- The Median household income of a Edgewood resident is $72,725 a year. The US average is $69,021 a year.