Edgewood, NM is one of the most affordable places to live in the US. With a 2 bedroom rent of $1,300 compared to the national average of $1,430, Edgewood offers a 12.2% discount on rental prices. The Grocery Cost Index in Edgewood shows an even bigger difference with 98 compared to 100 nationally, which means food items are significantly cheaper than in some other parts of the country. The area is home to local companies like Fabian's Mexican Kitchen and Taos Cow Ice Cream Company, where residents can enjoy delicious homemade meals at an affordable price. All these factors make Edgewood an excellent choice for those looking for a comfortable place to call home without breaking their budget.
Edgewood (zip 87015) has an unemployment rate of 7.5%. The US average is 6.0%.
Edgewood (zip 87015) has seen the job market decrease by -8.0% 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 (zip 87015)
- The Sales Tax Rate for Edgewood (zip 87015) is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Edgewood (zip 87015) 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 (zip 87015)
- The average income of a Edgewood (zip 87015) resident is $32,957 a year. The US average is $37,638 a year.
- The Median household income of a Edgewood (zip 87015) resident is $69,375 a year. The US average is $69,021 a year.