Housing costs in Edgewood?
A typical home costs
$319,000, which is 5.6% less expensive than the national average of
$338,100 and 19.4% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Edgewood costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 22.1% more than the state average of
$1,020.
Can I afford Edgewood?
To live comfortably in Edgewood, New Mexico, a minimum annual income of
$61,200 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Edgewood?
The cost of living in Edgewood, NM is quite affordable. The median home price is $180,000, making it a great option for those looking for an affordable place to live. Property taxes are also relatively low compared to other areas of the United States. Additionally, food and transportation costs are relatively low; gasoline prices tend to be lower than the national average, while groceries can be purchased at a variety of local stores for reasonable prices. Overall, Edgewood is an excellent option for anyone looking for an affordable place to call home.